Sunday, 25 December 2011

Cape Coral Real Estate - A Bargain in Waiting

By Andy Smith


Back in 1958 when the very first residents of Cape Coral moved into the new development, there was simply no way that they could ever have envisaged the remarkable growth that sees this fabulous city now sitting in 11th position in terms of population, and 3rd place in terms of area, throughout the whole state of Florida. Fifty or so years ago, the pioneers to the area would have had to drive at least 20 miles to pick up a pint of milk and a loaf of bread! However, people did quickly cotton on that something very special was being created in the south and following huge promotional pushes, through all forms of the media, there were plane loads of folk arriving from Northern states for a quick tour, and totally falling for the place.

For those of us professionally or as owners of real estate in Ponsonby, the world has not changed as much as most other regions. In dollars terms, good properties in Ponsonby have not decreased in value, though for a period of one or two years, values may have slipped by a percentage or two by comparison to inflation.

Before getting involved in it, no matter which kind of job one's looking for, one needs to get a license. Of course, there are different procedures and tests which must be attempted and excelled to get the license, which depends largely on the state you're in and the kind of property dealing you're aiming to do.

Why is this, when there is still a great deal of economic and employment insecurity? It is clear that our area has a great deal of demand driven pressure. Some factors are:

* The area is very closely defined, bounded by the harbour, Queen St and the North Western motorway, with a total of approximately 10000 houses. * As Auckland transport becomes less and less efficient, living close to the CBD becomes increasingly desirable. * Kiwis are becoming very sophisticated and investing in this area offers a desirable lifestyle choice with cafes, cinemas, the harbour etc. * With the employment situation becoming difficult nationally, the attraction of Auckland is obvious - Auckland being New Zealand's commercial and industrial capital. * Residents shaken by the prolonged effects of the Christchurch earthquakes looking to relocate have increased the migration to Auckland, placing pressure towards the centre. Ponsonby is a natural choice. * With rapid development of the industrial part of the waterfront, the ability to wander to restaurants of world-class once again, makes Ponsonby Real Estate increasingly desirable.

Perhaps the property was inherited and the cash is a preference, or they could have heavy financial burdens following a divorce, or such things as lawsuits, foreclosures, and bankruptcy. It could be a simple relocation, or it might just be that they simply want a change of scenery, but within that group, or something very similar, there will be a reason for someone to allow their home to be sold for less than its market value.

By studying legal notices, which are typically published in the press or online, it will be possible to find notification of situations that can be a useful guide for a sale. Word-of-mouth is always worth following up, as are referrals, but undoubtedly the best course of action would be to enlist the services of a real estate professional who is familiar with the area, be that Cape Coral or any other Florida city for that matter, and can point you in the right direction. These agents will represent just the buyers interests, so giving you a head start in the search for an under-priced property.




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