Second / Vacation Homes
Everyone wants a piece of paradise, and now is the time to buy it! Unbelievable low prices on condos, single family homes and vacant land/lots have buyers flocking to buy second homes in Cape Coral, Ft. Myers, Ft. Myers Beach, Bonita Springs and Naples.
Due to the construction boom from 2003-2006, foreclosures and short sales are selling as low as 15% of the price they sold for back then and about half of what it cost to build from the ground up. Once inventory levels stabilize and distressed seller inventory has worked through the system, this once-in-a-lifetime opportunity to buy will be over.
Buyers can customize their newer homes on their own or buy a Better than New CarneyHomeTM with designer renovations already completed at an exceptional value. Most foreclosures and short sales need paint, new carpet, landscaping and minor repairs. It may be a good idea to rent your home annually or weekly until you are ready to retire or spend your winters in paradise. You can create monthly cash flow and use the home as a tax write off. You will also be able to deduct up to two trips a year to visit your property. Consider a purchase with family members so everyone benefits. Ask your accountant for details about this.
It’s all about the weather and the water! Well, let’s not forget to mention the beaches, boating, fishing, golfing, kayaking, snorkeling, antiquing, art festivals, shopping and for you baseball fans, spring training with the Minnesota Twins and the Boston Red Sox! Floridians live a relaxed, fun-filled and healthier lifestyle and you can bet there is always something to do for anyone no matter what your age or your interests.
Did you know Florida has no State Income Tax! Do you want to earn an extra 6-9% income? Then Florida is the place for you. Just reside here 6 months or more and it can be considered your principal residence. This will also save you on your property taxes as you can Homestead your primary residence to cap tax increases and receive discounts on your assessed value!
Got Cash? Consider buying your vacation or second home at the courthouse door and save up to 15% off the already low prices. Homes that are $300K & up are starting to foreclose now. Ask the Expert and get quick answers to your questions.