Lee County Florida Real Estate Market Trends & Bargains for Investors
It is astonishing how quickly the investment real estate market can change. Last year, sellers could not keep up with the buyers who were clamoring over one another to purchase houses. This year, the market has slowed down significantly; buyers actually have many houses to compare and decide if a house is right for them. For buyers that are looking for affordable real estate communities or spec homes, now is the time to act. Many experts speculate that Lee County Florida is poised to be one of the safest and most promising areas to buy in Florida. Lee County FL has been emerging as a choice location for new housing since before the Florida bubble began to deflate, bringing new developers, both commercial and residential, hoping to buck the trend.
Lee County has many new spec homes that are affordable because land prices are still on the moderate to low end, and developers are frothing at the mouth to build in one of the few areas of Florida that has endured the hardships of the past year. Furthermore, Cape Coral, FL and Lehigh, FL in Lee County FL are two of the places that are primarily targeted by developers because of rapid residential expansion.
As the Florida investment real estate market slows down, developers have to put forth extra effort to woo buyers. This year buyers are in an exceptional position, they are now being courted by developers campaigning to get them to buy the homes in their community. Many buyers are finding themselves being offered lots of extra perks. Some examples from a new program by J. Roberts & Co. (a spec home builder in Lee County FL) include:
No mortgage payments or debt service during construction (8-12 months)
$200k-$400k homes with less than $9,475 out of pocket
All equity and profits, tax benefits, and depreciation write offs are the extended only to the buyer
Fully supervised and managed building process with continuous updates
New construction homes include warranties and property management services
Buyer is immediately free to acquire a secure contract for sale within first 60-90 days.
If you have been waiting for the market to decline further, you may have a long wait. In fact, it is not likely that home prices will lessen, just even out. Although prices may be the same in a few months, developers may withdraw some of the incentives that are now being offered.
Incentive information provided by J. Roberts & Co. Learn more about the J. Roberts & Co. Lee County Florida Investment project example mentioned above.
