How to Become a Real Estate Investor?
Alvin Taveras & Jeff Tumbarello discuss the pros and cons of various real estate investment options including; Flipping, Long Term Rentals, Vacation Rentals, Raw Land, and REITs.
Prepare to Sell Fast
In this video, we show all the work my handyman did in my client's home before we put it on the market. To sell your property for the highest amount possible make sure to spruce up your home and fix everything that needs fixing.
How's The Market?
Year-over-year, sales were up by 12.3%. This is the highest number of closed sales for July in more than five years. Price increase by 9.4%. Inventory is significantly down with just a 3.1-month supply.
Answering Your Common Questions
Check out this great video Living in Cape Coral, FL truly is like living in paradise. Before buying or investing make sure you understanding all the ins and outs of the area. This video is designed to answer all your top questions.
We Just Bounced Back!
Amid the pandemic, year-over-year sales bounced back from being down nearly 30% to just 1.5% versus 2019. Median Sale Price up 5.5%. Year-over-year, local inventory of single-family dwellings is down again this month at 28.7% as shown in active listings. This brings us down to a low 3.6-month supply of inventory.
New Construction in Southwest Florida
● Prices from $206,900
● Great Long-Term Steady Cashflow
● Cap Rates in the 6-8%
● Management starting at 6.5%
● Financing available - End-loan only
● No Repairs / Low Maintenance
● No construction funding needed
Why am I even living in New York?
Recent events have forced many to reexamine many aspects of their lives, especially where they live. Although sales volume is down, we still live in paradise. As we recover, I'm anticipating a mass exodus from major cities to smaller SWFL neighborhoods like Cape Coral, Fort Myers & Naples area.
Despite economic uncertainty, Lee County’s housing market saw a double-digit increase. But How?
- Real Estate Is a Lagging Indicator
- Most That Went Under Contract, Still Closed
- Housing Stayed Open, Essential Service Classification
Top 5 Pro Tips!
1. Fix Obviously Issues
2. Take Professional Pictures Before Moving
3. Don’t Be Cheap / Leave Utilities On
4. Paint Interior / Powerwash Exterior
5. Hire Pool/Home Cleaners & Lawn Care
Lee County’s housing market saw a double-digit increase! Year-over-year, sales were up by 25.37%. Median Sale price increase at 2.1%. -22.3% in Active Listings, showing a 4.7 Months Supply of Inventory. Average Days On the market was 58 Days. Fort Myers Beach saw the largest increase with a jump up in sales of 260%.
If you are looking to time the market, now is a great time to consider selling. In SWFL, housing inventory has dropped three months in a row and demand is expected to remain hot through the early summer. Prices are also up 6.5% YoY.
Check This Out!
Lee County’s housing market saw a significant increase in both Single Family, Townhouse and Condos for closed sales compared to December 2018. Year-over-year, sales were up by 35.7% for Single Family. Cape Coral and Fort Myers were the two strongest markets!
Goal: Financial Freedom
How: House Hacking is becoming increasingly popular along with the “FI” (Financial Independence) movement (here). It allows people to cut down on their housing expenses significantly. It also allows former renters to start accruing some of the tax incentives associated with homeownership like the mortgage interest tax deduction.
Here is a quick summary of Southwest Florida's housing market.
Lee County’s housing market saw a significant increase in both Single Family, Townhouse and Condos for closed sales compared to October 2018. Year-over-year, sales were up by 10.4% and active listings were down by -8.1% year-over-year for Single Family.
Let's take a look at the top 3 recommendations when considering a new construction!
In this housing market, buying a new construction home can seem very appealing. With so many potential benefits, who wouldn't get excited about building their own dream home? Unknowingly, these emotions often cause buyers to lose track of their budget, forgo thousands of dollars in free upgrades and force them to make difficult decisions without a trusted advisor.
Let's debunk some of the common VA Loans myths!
VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.
Sales Volume Are Up Double Digits!
Lee County’s housing market saw a significant increase in Single-Family closed sales compared to September 2018, according to the latest statistics just released by Florida Realtors®. Year-over-year, sales were up by - 14.8%.
Let's calculate the benefits of buying a home!
Purchase Price X 5% / 12 Months = Rental Equivalent $325,000 X 5% = 16,250 16,250 / 12 = $1,354
*Keep in mind that this assumes that you are investing what would have been your down payment and the money you save per month. Most don't and therefore should be buying. Also, I'm not sure how many actually did the math but I should have said 16,000, not $1,600.
Zillow can be a great resource to start your home search but you should be cautious about their making decisions based on their data alone. Always have your local real estate professional get you the actual facts before taking action. Let's learn why!
Lee County's housing market looks strong. Let's do a deep dive into both national and local markets!
Broken down by cities, Single Family in Fort Myers Beach saw a tremendous jump up in sales of 150.0% over last year, with 10 closed sales compared to 4 in August 2018. Fort Myers also saw an increase 10.8.7% of Single Family Homes sold with 308 closed sales.
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Alvin Taveras, PA
REALTOR - Home Sales Expert
Cape Coral Investor Network
Offices in Cape Coral & Naples