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Old 08-22-2008, 08:09 PM
 
5 posts, read 8,417 times
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Hi!
Moving to Cape Coral, I have seen a house on 54th Ter SW for $430K. Do you think, I should wait.
Thank you for any advice.
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Old 08-23-2008, 09:42 AM
Status: "In my anti Corona hidey hole......." (set 18 hours ago)
 
Location: North Central Florida
5,411 posts, read 6,439,058 times
Reputation: 3222
Quote:
Originally Posted by sion View Post
Hi!
Moving to Cape Coral, I have seen a house on 54th Ter SW for $430K. Do you think, I should wait.
Thank you for any advice.

Hard for anyone to give that kind of advice.....Did you shop the area, and compare other homes in that price range? With the same amenities? Are you convinced that it is a good bargain? If you answer no to any of these questions, perhaps you should wait, until you get more info, to put those concerns to rest.....
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Old 08-24-2008, 06:30 PM
 
5 posts, read 8,417 times
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Originally Posted by yachtcare View Post
Hard for anyone to give that kind of advice.....Did you shop the area, and compare other homes in that price range? With the same amenities? Are you convinced that it is a good bargain? If you answer no to any of these questions, perhaps you should wait, until you get more info, to put those concerns to rest.....
Thank you for your reply.

I do not know how to compare prices. This house is on a man made small rectangular lake and not on a canal or on a natural big lake. There are many empty lots around. Completely new not only to Cape Coral but also buying a house on my own. This house is 6 years old.

Is 54th Ter in a good section of the Cape Coral?
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Old 08-24-2008, 09:16 PM
Status: "In my anti Corona hidey hole......." (set 18 hours ago)
 
Location: North Central Florida
5,411 posts, read 6,439,058 times
Reputation: 3222
Quote:
Originally Posted by sion View Post
Thank you for your reply.

I do not know how to compare prices. This house is on a man made small rectangular lake and not on a canal or on a natural big lake. There are many empty lots around. Completely new not only to Cape Coral but also buying a house on my own. This house is 6 years old.

Is 54th Ter in a good section of the Cape Coral?

I'm familiar with the area, it is about as good as it gets in Cape Coral. I would suggest you consult a Realtor, they can show you comparable houses in the same area, and what they have sold for, and how recently. Be aware, however, that Realtors, unless you hire them yourself, as a buyer's agent, have a fiduciary responsibility to the seller. It is their job to work in the best interest of the seller, in getting the most $$$ for them, (the most $$$$ out of YOUR pocket as buyer). AS long as you understand how it all works, using a Realtor will most likely be your best bet. I say this based on your disclosure that you have never purchased a home before, and are unfamiliar with Cape Coral(No offense, but you're as helpless as a newborn babe in the woods here). The age of the house is, IMHO, immaterial....insist on a satisfactory certified home inspection as a condition of closing the deal. If you use a Realtor, or not, have a attorney, experienced in real estate matters review the contract, and closing documents BEFORE closing. HTH.

Last edited by Compression; 08-24-2008 at 10:23 PM..
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Old 08-25-2008, 01:42 AM
 
5 posts, read 8,417 times
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Thank you very much!
I found an exact same house on internet on another street but much higher price. I contacted the realtor for that particular house. He told me since the other house is on a canal, it is more expensive.

Is 54th Ter relly a good area? Location is very important to me.

I will try to find a good realtor. My lawyer is also watching out for me.

Which area is really great?

Sion
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Old 08-25-2008, 05:58 PM
 
Location: The Conterminous United States
22,564 posts, read 48,396,725 times
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Try Zillow.com. It will at least give you some comps and also what people are asking in that area. Worth a try.
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Old 08-26-2008, 07:15 AM
 
5 posts, read 8,417 times
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Thank you for your valuable advice. I have decided not to buy the house after all. I do not like the location of it.
Cheers!!

Sion
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