Monika Wilson
Purchasing Real Estate in Florida as a Foreign National
There are a lot of myth floating around the internet in regards of foreign nationals purchasing properties in Florida.
Here are some facts:
1) Foreign Nationals can purchase property in Florida the same way any American Citizen can. No Visa, no Greencard, no social security number is required. However purchasing a property will not have any influence on your immigration status. You can come to the US on vacation – even multiple times a year - as you were able before. To see how long you can stay in the US you might need to check on the rules for your individual county. For most countries the 90 day rule applies. If you are interested in staying longer there are several visa options open to you. You might want to contact an immigration attorney who can discuss those options with you.
2) There are NO special taxes if a Foreign National purchases properties in Florida. The property you are purchasing in Florida will be your second home and treated as a second home as well. You will not be able to apply for Homestead Exemption (which is a property tax exemption for primary residents only), but American Citizens who are purchasing a second home can not do that either
3) If you sell your property in Florida, you will have to follow Firpta rules: http://www.irs.gov/businesses/small/international/article/0,,id=105000,00.htmlwhich has quiet a few exceptions: http://www.irs.gov/businesses/small/international/article/0,,id=102254,00.htmlIf the property you are selling in the US and it should not qualify for any of the exceptions (most of them will qualify so), you will be able to file a tax return and get most of your money back that way – it just will take a few month.
4) A Foreign National can finance a home in Florida. Normally there is a 25 – 35 % Down payment required, proof of income, reference letters from the home country (for example tax accountant, bank, …), 6 month bank statements and for some countries also a copy of a credit report from the home country if available. Not all banks will finance foreign nationals but a few have good foreign national programs again. TIB Bank and Busey Bank will do foreign national loans and Kirstin Paul is a mortgage broker who is specialized in foreign national loans and can go “mortgage shopping” for the best program for you : http://www.financingforeignnationals.com/?locale=en_US
5) You can purchase insurance in Florida which covers Hurricanes and Flood. Costs vary but they are NOT astronomical expensive.
Before you buy please be aware that there are certain costs in connection with the property (like in any other country)
Electric/Power:
In Florida you have to run the Air condition pretty much all year around. The AC is not only to cool the property, but mainly it will take the humidity out of the air and will avoid mold build up. Also if you have a pool, the pool pump has to run as well. Even for the time you are not here, you can not disconnect the power.
Lawn Care
In Florida everything growth fast and that includes your lawn. Specially in the summer month you will have to have your lawn cut once a week.
Pool Service
If you home has a pool, you will have to have a pool service to check chemicals and clean once a week, unless you have a salt water system. A salt water system pool does not require intensive care
Property Taxes
Property Taxes are paid once a year. Taxes vary in area, age and size of the house
Insurance
You can purchase Home Owners Insurance which will include Wind/Hurricane. In addition you can purchase flood insurance depending on the area your property is located in.
Property Manager/Home Watch
If you are not here, you will need a property manager or a home watch company to look after your property
Phone/TV/Internet
There are a few companies who offer vacation home services, that means you can turn it on when you are here and turn it off when you leave. With that you don’t have to pay for the service while you are gone. Comcast and Prism offer those vacation services in SW Florida
What else you might want to know
- Real Estate commission in SW Florida is being paid by the seller for both agents (seller’s agent and buyer’s agent)
- All Realtors have access to the MLS System (Central Data Base) where all available properties are searchable. That means all Realtors have access to all properties no matter which company has the properties listed. With this said, you can pick an Agent you like and this Agent can help you to find your Dream Home. You do not have to go from Agent to Agent.
- Most of the closing costs (except your finance costs) are being paid by the seller. (Unless otherwise agreed on)
Please let me know if you have any questions
Hello from sunny Florida
Monika Wilson
CIPS (Certified international property specialist)
Century 21 Sunbelt Realty
725 Cape Coral Parkway West, Cape Coral, Florida, 33914
mwilson@spotfloridarealestate.com
Tired of bad news?
Watching the news, reading the paper, reading the headline news online. Nothing but bad news. I am tired of it.
Here are some good news for you:
The Feds keep the interest rates at almost 0% for at least until 2013.
Interest Rates for a 30 year fixed mortgage dropped from 4.45% to 4.37%
Florida kept its AAA Credit Rating
Price per Barrel of Oil dropped to $ 84.00
And here are some current housing numbers for SW Florida:
From January to June 2011 we sold
8,337 Single Family Homes and
2,315 Condos
From January to December 2005 (Real Estate Boom!!) we sold
9,842 Single Family Homes and
3,675 Condos
From January to December 2006 (Real Estate Boom!!) we sold
8,144 Single Family Homes and
1,618 Condos
The Median Price in June 2011 is $ 101,500
The Median Price in June 2010 was $ 93,000
In June 2011 we sold 1,233 Homes and only 1,013 Homes were newly listed
June 2011 we sold 1,233 homes
Out of those 1,233 homes were 318 Bank Foreclosures, 241 Short Sales and 674 conventional sales.
Monika Wilson
Century 21 sunbelt Realty
725 Cape Coral Parkway W
Cape Coral, Florida, 33914
http://www.spotfloridarealestate.com
Pending Home Sales Turn Around in May
Washington, DC, June 29, 2011
Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 8.2 percent to 88.8 in May from an upwardly revised 82.1 in April and is 13.4 percent higher than the 78.3 reading in May 2010. The data reflects contracts but not closings, which normally occur with a lag time of one or two months.
This is the first time since April 2010 that contract activity was above year-ago levels, and the monthly gain was the strongest increase since last November when the index rose 10.6 percent.
Lawrence Yun, NAR chief economist, said the improvement bodes well for home prices. “Absorption of inventory is the key to price improvement, and this solid gain in contract signings implies that home values in many localities are or will soon be stabilizing as inventories get absorbed at a faster pace,” he said. “Some markets have made a rapid turnaround, going from soft activity to contract signings rising by more than 30 percent from a year ago, including areas such as Hartford, Conn.; Indianapolis; Minneapolis; Houston; and Seattle.”
Pending home sales have trended up unevenly since bottoming last June, rising in seven of the past 11 months. “Home sales still could be 15 to 20 percent higher,” Yun said. “If banks would simply return to normal sound underwriting standards and begin lending to more creditworthy borrowers, we’d get a much faster recovery in the housing sector.”
“In addition, a nonsensical situation has developed recently in some states with HUD unable to complete foreclosure deals because of insufficient funds to pay attorney fees at closing, even with buyers offering the full listing price,” Yun added.
The PHSI in the Northeast rose 7.3 percent to 69.2 in May and is 4.4 percent above a year ago. In the Midwest the index jumped 10.5 percent to 82.8 and is 17.2 percent higher than May 2010. Pending home sales in the South increased 4.1 percent to an index of 95.0 in May and are 14.6 percent higher than a year ago. In the West the index surged 12.9 percent to 100.6 and is 13.5 percent above May 2010.
Yun cautioned that healthy job creation is necessary to ensure a solid recovery in both housing and the overall economy. “The job market has sputtered recently, and because variations in local job creation impact housing demand, markets will recover unevenly around the country,” he said.
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.
# # #
*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.
An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales; it coincides with a level that is historically healthy.
NOTE: Existing-home sales for June will be reported July 20 and the next Pending Home Sales Index will be released July 28; release times are 10:00 a.m. EDT.
Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section. Statistical data in this release, other tables and surveys also may be found by clicking on Research.
REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. Not all real estate agents are REALTORS®. All REALTORS® are members of NAR.
Hello from sunny Florida,
after all the bad news about the Real Estate and Economy during the last few years, the media are reporting quiet a few good news now. There is a major increase in permits pulled for new constructions for both - residential and commercial properties, the number of bank foreclosures and short sales is decreasing the the number of properties sold is increasing. Actually we are selling more properties than we did in the high market of 2005 and 2006. Our market is very fast since prices are still good and a lot of buyers and investors just know - now is the time to buy.
The news tonight reported about big news for Cape Coral. Please read article below:
CAPE CORAL, Fla. - The Army is making plans to move into Cape Coral.
On Tuesday, the city announced the Army has chosen a 15-acre site near Corbett Road and Diplomat Parkway for a new Army Reserve Center.
"It's going to provide immediate jobs for construction people, which is a good thing right now, we need that," said city council member Bill Deile, who led the push for the new center.
A retired Army Colonel himself, Deile expects the facility will provide space for around 300 Army personnel and a handful of civilian jobs.
"It'll be a training site on weekends for the reservists that come in," Deile said. "During a week, it'll be a workplace for the civilians that man the center."
The site is an area the city has dubbed the "Veterans Investment Zone." A new VA Outpatient Clinic is already under contstruction next door. The city is also trying to line up hotels, restaurants and other businesses in the zone for the influx of people from the two new facilities.
"They're going to require other services, particularly people that come from out of town, they're going to be looking for a place to stay," Deile said.
The Army is now working on a land deal with private owners for the training center.
Deile says word of their decision is already great news for the future of the Cape.
"It keeps the momentum going up in that area," Deile said.
Read more:
Please let me know if you have any questions. As always, I will be there for you.
Monika
http://www.spotfloridarealestate.com
Thu
30
Jun
2011
Pending Home Sales
Pending Home Sales Turn Around in May
Washington, DC, June 29, 2011
Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 8.2 percent to 88.8 in May from an upwardly revised 82.1 in April and is 13.4 percent higher than the 78.3 reading in May 2010. The data reflects contracts but not closings, which normally occur with a lag time of one or two months.
This is the first time since April 2010 that contract activity was above year-ago levels, and the monthly gain was the strongest increase since last November when the index rose 10.6 percent.
Lawrence Yun, NAR chief economist, said the improvement bodes well for home prices. “Absorption of inventory is the key to price improvement, and this solid gain in contract signings implies that home values in many localities are or will soon be stabilizing as inventories get absorbed at a faster pace,” he said. “Some markets have made a rapid turnaround, going from soft activity to contract signings rising by more than 30 percent from a year ago, including areas such as Hartford, Conn.; Indianapolis; Minneapolis; Houston; and Seattle.”
Pending home sales have trended up unevenly since bottoming last June, rising in seven of the past 11 months. “Home sales still could be 15 to 20 percent higher,” Yun said. “If banks would simply return to normal sound underwriting standards and begin lending to more creditworthy borrowers, we’d get a much faster recovery in the housing sector.”
“In addition, a nonsensical situation has developed recently in some states with HUD unable to complete foreclosure deals because of insufficient funds to pay attorney fees at closing, even with buyers offering the full listing price,” Yun added.
The PHSI in the Northeast rose 7.3 percent to 69.2 in May and is 4.4 percent above a year ago. In the Midwest the index jumped 10.5 percent to 82.8 and is 17.2 percent higher than May 2010. Pending home sales in the South increased 4.1 percent to an index of 95.0 in May and are 14.6 percent higher than a year ago. In the West the index surged 12.9 percent to 100.6 and is 13.5 percent above May 2010.
Yun cautioned that healthy job creation is necessary to ensure a solid recovery in both housing and the overall economy. “The job market has sputtered recently, and because variations in local job creation impact housing demand, markets will recover unevenly around the country,” he said.
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.
# # #
*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.
An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales; it coincides with a level that is historically healthy.
NOTE: Existing-home sales for June will be reported July 20 and the next Pending Home Sales Index will be released July 28; release times are 10:00 a.m. EDT.
Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section. Statistical data in this release, other tables and surveys also may be found by clicking on Research.
REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. Not all real estate agents are REALTORS®. All REALTORS® are members of NAR.
Sat
16
Jan
2010
Did you know - Canals in Cape Coral
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Did you know? Did you know that Cape Coral has over 400 Miles of Salt or Fresh Water Canals – that is more than Vince Italy. Cape Coral is often named “Venice of America”. Today I would like to tell you a little more about the Canals in Cape Coral. Salt Water Canals – Gulf Access Canals Are divided into: Direct Sailboat Access: Those canals lead out to the Gulf of Mexico without having to deal with bridges – however there still could be a lock or a lift which would have to be passed on the way out to the ocean. Unrestricted Sailboat Access: Those canals lead out to the Gulf of Mexico without having to pass any bridges nor going through a lock or lift on the way out Gulf Access: Those Canals lead out to the Gulf of Mexico but there could be low bridges and / or a Boat Lock or Boat lift to pass Riverfront: The River leads also to the Gulf of Mexico Gulf Front: Those Homes are directly on the Gulf of Mexico Gulf Access, intersecting Canals will give you most of the time a very nice water view The most expensive but also desirable homes are Unrestricted Sailboat Access, Riverfront or Gulf Front. Freshwater Canals Those canals do NOT lead out to the Gulf of Mexico, from most of those Canals however you will be able to drive your boat to some fresh water lakes. Sometimes those canals look like that there is a connection to the salt water, but most of the time this is not true. There are levies in between or dams to separate the fresh water from the salt water for environmental reason. Again, please let me know if you have any questions – I will be there for you to help. Monika |
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-- Always there for you Monika Wilson Century 21 Sunbelt Realty http://www.spotfloridarealestate.com http://www.floridaisforyou.com I speak English and German |
Sat
31
Oct
2009
Rund um die Immobilie
Wie manche von euch inzwischen wissen bin ich seit 1990 in Florida und seit 1994 lizensierte Immobilien Maklerin hier. Ich bin ein vollzeit Realtor und gehe auch viel mit Kunden um, die von allen
Teilen der Welt kommen.
Zusammenfassend aus verschiedenen Themen in diesem Forum moechte ich gerne folgende "Myth" richtig stellen.
Als Auslaender bezeichne ich Leute, die kein Visum, Greencard und/oder Social Security Nummer haben. Andere Auslaender, die mit Greencard oder einem andern Visum hier sind, werden mehr oder
weniger aehnlich wie Amerikaner behandelt.
1) Auslaender koennen hier in den USA Immobilien erwerben, es fallen keine zusaetzlichen Steuern beim Hauskauf an - nur weil jemand Auslaender ist. Der Immobilien Kauf kann getaetigt werden ohne
dass der Auslaender ein Visum fuer die USA hat.
2) Ein Hauskauf alleine hat keine Auswirkungen auf das Aufenthaltsrecht in den USA. Selbst wenn der Auslaender ein Haus in den USA besitzt, unterliegt er immernoch den normalen Touristen Visum
oder Waiver Program bestimmungen. D.h. Maximaler Aufenthalt in den USA als Tourist ist mit oder ohne Immobilien Eigentum 3 Monate an einem Stueck.
3) Hypotheken sind auch fuer Auslaender zu bekommen jedoch sind die Bestimmungen fuer Auslaender und auch fuer Amerikaner schwerer und strickter als sie noch vor ein paar Jahren (2005 - 2007)
waren.
4) Immobilienpreise sind im Moment zumindest in unserer Gegend sehr guenstig. 2005 und 2006 waren alle Immobilien in unserer Gegend total zu hoch bewertet, im Moment liegen alle Immobilien Preise
eher erheblich unter dem wirklichen Marktwert.
5) Wenn ein Auslaender sein/ihr Haus in den USA verkauft behaelt die Title company 10% des Verkaufspreises ein und fuehrt diese an das IRS ab. Bei der Abgabe der Steuererklaerung bekommt der
Auslaender so ziemlich diesen Betrag wieder zurueck.
6) Chinese Drywall, einige Haeuser, die zwischen 2004 und 2008 gebaut worden sind haben "defective Drywall". Diese Drywall hat sulfat stoffe, die sich mit der Zeit bemerkbar machen. Sie
zerstoeren Klima Anlagen, faerben Waende gelb, verfaerben Kupferdraehte und schwaerzen Amaturen - aussderdem fangen diese Waende an zu stinken. Diese Haeuser sind so ziemlich wertlos und im
Moment versuchen Firmen Methoden zu entwickeln solche Haeuser zu retten. Derzeit gibt es bei uns eine Firma die garantiert, dass sie die ganze Drywall mit allen Folgen (die Daempfe ziehen auch in
Beton, in die Moebel) zu bereinigen und zu neutralisieren. Diese Firma gibt eine lebenslange Garantie auf diese Arbeit und verlangt $ 43.00/SF. Persoenlich wuerde ich jedoch eher von einem
Chinese Drywall Haus Abstand nehmen, denn bei einem Widerverkauf muss der Verkaeufer den Kaeufer informieren, dass es sich bei dem Haus um ein "Chinese Drywall" Haus handelt.
7) Foreclosures, Bei einem Foreclosure ist die Bank Eigentuemer der Immobilie. Der vorherige Besitzer hat die Hypothek nicht bezahlt und die Bank hat das Haus zurueckgenommen. Diese Haeuser sind
recht einfach in der Abwicklung, da die Bank ihre Verluste bereits verbucht hat und auch die Altschulden meistens bereinigt sind. Ein klarer Gundbucheintrag/Title liegt vor dem Abschluss
vor.
8) Short Sales - Short Sales sind ein Alptraum. Hier gehoert dem Eigentuemer die Immobilie noch aber meistens hat dieser die Hypothek fuer einige Monate nicht mehr bezahlt. Das Haus ist in der
Regel weniger Wert als der Betrag der geschuldet wird. Die Bank "verspricht" dass sie einen geringeren Kaufpreis annehmen werden und den derzeitigen Eigentuemer von dem Differenzbetrag befreien.
Klingt gut richtig? - Aber leider klingt es auch nur gut in der Praxis sieht die Sache alles andere als gut aus. Die Banken moechten natuerlich nicht noch mehr Verluste verbuchen und ziehen
diesen Short Sale fuer Monate raus. Fuer Monate weiss der potentielle Kaeufer nicht ob die Bank das Angebot annimmt oder nicht. Selbst wenn der potentielle Kaeufer den vollen Angebotspreis abgibt
ist die Moeglichkeit dass die Bank "nein" sagt sehr hoch.
In vielen Faellen ist es fuer die Bank auch guenstiger das Haus in Foreclosure gehen zu lassen, denn wenn der derzeitige Besitzer "mortgage insurance" abgeschlossen hat - zahlen viele Mortgage
Insurances nichts bei einem Short Sale aber wenigstens einen Grossteil des Verlustes, wenn die Immobilie in Foreclosure geht.
9) Well and Septic - eigene Wasser und Abwasserversorung ist in unserer Gegend noch sehr verbreitet. D.h. die Haeuser haben ihren eigenen Brunnen und ihre eigene "Sickergrube". Klingt
sintflutiger als es wirklich ist. Diese Anlagen sind sehr ausgereift und wir haben alle fliessendes Wasser im Haus und auch unsere Toiletten sind normale Toiletten. Auch versickert das Abwasser
nicht in der Erde, es geht durch eine Art Filtersystem in einen riesengrossen Tank. Mit richtiger Pflege und Chemikalien wird dieser Tank selten so voll dass er abgepumpt werden muss. Aber auch
das ist kein Problem.
10) Grundsteuer ist hier ein wenig anders als in Deutschland. Hier gibt es keinen Einheitswert. Die Grundsteuer wird bestimmt durch die Verkaeufe des Vorjahres - davon wird der Wert einer
Immobilie geschaetzt und von diesem Schaetzwert wird die Grundsteuer berechnet. Die Grundsteuer ist fuer Amerikaner und Auslaender gleich. Nur koennen Amerikaner Homestead anmelden, wenn sie den
ersten Wohnsitz bei dieser Immobilie haben. Diese Homestead exemption "friert" den Wert der Immobilie ein und die Grundsteuer kann maximal 3% hochgehen. Auch wenn die Immobilie zum Beispiel eine
Wertsteigerung von 50% hat.
11) Maklergebuehren, hier in Florida werden die Maklergebuehren in der Regel vom Verkaeufer bezahlt. D.h. der Verkaeufer zahlt seinen eigenen Makler und den Makler des Kaeufers.
12) MLS (Multiple Listing Service) ist eine zentrale Datenbank in die jeder Realtor (lizensierter Makler) seine Objekte zum Verkauf oder Vermieten eingibt. Alle Realtors koennen auf diese
Datenbank zugreifen und auch jedes Haus (egal welche Firma dieses im Angebot hat) verkaufen. Der Verkaeufer Makler und der Kaeufer Makler teilen sich die Provision, die ja sowieso vom Verkaeufer
bezahlt wird. Es gibt uns die Moeglichkeit unseren Kunden das wirklich individual beste Haus auzuwaehlen.
Hoffe diese Informationen bringen ein wenig LIcht in den Immobilien Dschungel.
Fri
18
Sep
2009
Short Sales and Bank Foreclosures
Difference between Short Sale and Bank Foreclosures
Quiet a few people don't really know the difference between short sale and bank foreclosure and believe that a short sale can be bought very easy and for a good price.
Fact is that a Short Sale is very often very difficult to deal with. Banks/Lenders/Mortgage holders don't own the property yet, it still belongs to the original owner who most of the time has not (was not able to) make a mortgage payment for several month. The lender of course does not want to show the loss and they don't have to until it goes into bank foreclosure. The listed price for a short sale property is set by the Realtor or Property Owner and there is no guarantee that the property will sell to the listed price. Very often the bank comes back with a counter offer that is way higher than the actual price it was listed with. Very often it takes several month until the seller's lender shows any kind of reaction. As soon as the seller's mortgage holder gets an offer on a property in short sale they start making their "home work". The mortgage Holder has normally 30 days from receipt of an offer until they even start working on the file and that only if the current owner did send in all the required paperwork. If this is still missing it will even take longer.
From there the mortgage holder will order an appraisal or at least a BPO (Broker’s price opinion) and then they again have about 21 days (working days of course) until they can make a decision. Sometimes the mortgage holder will switch negotiators and then all the procedure and all the time lines start over again. I personally have 4 short sales pending, the oldest one is pending since May and just yesterday the appraisal was ordered for this one transaction.
If you are thinking about purchasing a short sale, you have to be extremely patient and you just need to expect that it will take quiet a long time until you get any responds if the mortgage holder will accept your (even full price or over price) offer. And all the time while waiting you might loose out on some other good deals out there. With the hot market in our area in South West Florida and the increasing demand for Real Estate we see price coming up already and in a few month (while you are waiting for an answer from the mortgage holder) you might not be able to purchase a similar home for a similar price anymore.
A Bank foreclosure however is easier. The bank/mortgage holder did cut their losses already, they have done all their home work and have all the information and documents they need for a closing in a timely manor. The list prices reflect the appraisal or BPO and the mortgage holder is ready to sell the property to list price. But the prices of course are based on an appraisal which is “older” and the property is higher in value now. Now with those bank foreclosures we have a different dilemma. Very often we see multiple offers on one property and buyers are offering more than the listed price –just to get this property. That means even in a bank foreclosure for some good properties you need to be prepared to offer above list price.
But it is still a good time to buy – just bring a lot of patience with you and you will get a really good deal.
Sun
13
Sep
2009
German Shepherd Schutzhund Club of SW Florida Events
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Beach Conditions SW Florida - Gulf coast
Please click on this link to see current beach conditions (Water, air and beaches) http://spotfloridarealestate.com/blog2/
SW Cape Coral, Lakefront Property, Access to the Ocean.
this south west Cape Coral Home is located in quiet but central neighborhood. Its south exposured back yard offers almost endless water views over Lake Britannia, one of 8 SW Cape Coral Gulf Access Lakes. It has 3 Bedrooms, 2 Bathrooms, Pool and is currently being totally renovated. For only $ 450,000 (or even less) you can purchase this piece of paradise. Central Water and Sewer are in and all assessments including impact fees are paid for. The location of this home is very unique and rare. There are only so many Gulf Accessm, Lake Front properties available. When they are gone, they are gone, there will be no more.
SW Cape Coral is a very popular neighborhood and specially the location of this property is high desireable. There are no locks or lifts to pass on you short boat ride to the beaches of Fort Myers Beach, Sanibel Island or Captiva.
Hello from sunny Florida,
There are great things happening in Cape Coral. And I thought you might be interested to know.
Just last night was reported that the Defense Department is planning to build an Army Reserve Center in Cape Coral. That will bring a lot of jobs and new residents to SW Florida. If you like to
read or see more, please click on this link: http://www.winknews.com/news/local/82222687.html Last week the new VA
Clinic broke ground in NE Cape Coral. It will be a “State of the Art” clinic. For more information please click here:
http://www.nbc-2.com/Global/story.asp?S=11822352And just today we were able to read that the US is planning a National Swim Center
also in Cape Coral. More information please click here:
http://www.news-press.com/apps/pbcs.dll/article?AID=2010100121044 Together with the planed redevelopment
of Down Town Cape Coral I strongly feel that there will be a lot of activities, companies and businesses coming to Cape Coral in very near future.
If you would like to read more about the Redevelopment Agency in Cape Coral, please click here: http://www.downtowncapecoral.net/ I hope you enjoy the information.
Please let me know if you have any questions. You can also visit my web site at: http://www.spotfloridarealestate.com for more interesting links and information about sunny SW Florida.
Looking forward hearing from you soon
Monika
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Did you know? Did you know that Cape Coral has over 400 Miles of Salt or Fresh Water Canals – that is more than Vince Italy. Cape Coral is often named “Venice of America”. Today I would like to tell you a little more about the Canals in Cape Coral. Salt Water Canals – Gulf Access Canals Are divided into: Direct Sailboat Access: Those canals lead out to the Gulf of Mexico without having to deal with bridges – however there still could be a lock or a lift which would have to be passed on the way out to the ocean. Unrestricted Sailboat Access: Those canals lead out to the Gulf of Mexico without having to pass any bridges nor going through a lock or lift on the way out Gulf Access: Those Canals lead out to the Gulf of Mexico but there could be low bridges and / or a Boat Lock or Boat lift to pass Riverfront: The River leads also to the Gulf of Mexico Gulf Front: Those Homes are directly on the Gulf of Mexico Gulf Access, intersecting Canals will give you most of the time a very nice water view The most expensive but also desirable homes are Unrestricted Sailboat Access, Riverfront or Gulf Front. Freshwater Canals Those canals do NOT lead out to the Gulf of Mexico, from most of those Canals however you will be able to drive your boat to some fresh water lakes. Sometimes those canals look like that there is a connection to the salt water, but most of the time this is not true. There are levies in between or dams to separate the fresh water from the salt water for environmental reason. Again, please let me know if you have any questions – I will be there for you to help. Monika |
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-- Always there for you Monika Wilson Century 21 Sunbelt Realty http://www.spotfloridarealestate.com http://www.floridaisforyou.com I speak English and German |
A few month back I had a client who put in an offer on a short sale property. It is a very nice home, fairly new and very exclusive and high quality. It is located on a Fresh Water Canal in SW Cape Coral. This offer was written for $ 310,000 cash. The short selling bank refused to take this offer. And after several times and endless hours on the phone plus dealing with a very frustrated buyer - we finally gave up on this house after 4 Month trying.Today I received a call from another client of mine, who picked up the very same house as a new listing in the MLS. Now it is listed as a bank foreclosure for $ 178,900.American Tax Payers just took a loss of $ 131,600!!!!!! - That does not make any sense to you – well don’t feel alone it does not make sense to me either.
Did you know? - Canals in Cape Coral
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Port Edison is one of the nicest areas in Fort Myers, Florida. Located directly on the Caloosha Hatchee River with view on the Skyline of the historical River District of Down Town Fort Myers.
By boat or car it will only take minutes to Down Town Fort Myers or Cape Coral. Enjoy a boat ride to the beaches of Fort Myers Beach, Sanibel, Captiva and Pine Island.
This totally remodelled home features tiled floors through out, granite counter tops in kitchen and bathrooms, Swimming Pool, 3 Car Garage, large lanai and your own Boat Dock.
It has 3 bedrooms and 2 Bathrooms, very nice landscaping and is waiting for its new family.
This property an be yours for $ 590,000 which is the lowest priced Riverfront property in Lee County, Florida
For more information please visit: http://www.spotfloridarealestate.com
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