by Mike Colpitts Buying Fort Myers real estate has changed. Whether it’s a condo or a home finding a buyer the right property is the life’s blood of real estate. The Fort Myers real estate market and the neighboring Cape Coral real estate market have made the transition from a sellers market to a buyers market, which makes it a great time for purchasers to get a deal from motivated sellers.
Prices rose for years as interest rates remained at all time record lows but those days are long over and would-be purchasers are starting to realize that interest rates a couple of years ago are not coming back for years, if ever. Home prices are declining substantially as a result in most areas of the market, providing a perfect time to make a purchase for buyers.
It’s a huge buyers market in Fort Myers as the inventory of homes and condos continues to climb, giving buyers the opportunity to get the best deals in years. Condo prices are declining at what might be historic levels in many areas of the state, including Fort Myers for a variety of reasons.
The key to buying Fort Myers real estate now, however, is finding not only the right deal, but also negotiating a fair and reasonable price. Many properties are over-priced and many will continue to be as they “rot” on the market, as real estate agents say. But owners who really want to sell their property are lowering asking prices.
The Fort Myers, Naples and Cape Coral real estate markets boomed for years and are now under going an adjustment period, which was long expected. The Mike Colpitts Real Estate Selling Team negotiates on buyers behalf to get the best possible deal. Some of the services we provide include:
Locating and Previewing Property
Showing Property
Providing Statistical Investment Data
Negotiating Offers
Preparing and Analyzing a Competitive Market Analysis
Counseling — Presenting the Whole Story
Assisting with Financing
Title and Ownership Research
The duties of Confidentiality, Reasonable Care and Diligence, full disclosure and accounting for all funds are incorporated into all these services representing buyers in Florida Real Estate.
The Buyer Representation we provide is far above the norm. My combined backgrounds as a former Federal building inspector, real estate education and years of experience make my clients successful. If you’re interested in learning more about our services in Fort Myers real estate just contact us.