Cape Coral Real Estate News

Thanks for stopping by our website. We have switched to a new web host as of Aug 1, 2016 and are very excited to share this new platform with our customers & real estate agents. This new site has awesome features. We are excited to bring you quick, easy searches and convenient new tools to help you find your dream home. If you are an agent or considering being an agent we'd love to discuss the new tools we offer our real estate agents to help them with their real estate business. Check out our career page for more information!

If you are searching for your perfect Cape Coral home we would love to help you. Our licensed real estate agents are top notch in their field and love what they do. Take your time searching on our site for your perfect home but when you have questions about real estate or the Cape Coral area our agents are available to answer your questions. Whether you are looking for a multi million dollar river front estate or a a quaint condo, we have the agent to handle all of your questions and guide you through the process. Check out our powerful Cape Coral home search engine now :D

Thinking about selling your Cape Coral property? We've got you covered there as well. You can contact Susan or any of our licensed real estate agents to go over our detailed listing and successful marketing process. Our stats speak for us of course, however we are more than happy to sit with you to go over in detail how our plan is truly superior than our competition. From detailed market analysis, to upscale marketing photos and world wide advertising, you owe it to yourself to check with us first. Market & sell your Cape Coral house.

Again, thank you for making Florida Future Realty one of the top real estate brokerages in Cape Coral. We love real estate and Cape Coral, Florida. Our experience, growth & professionalism are points we are very proud of. We look forward to working with you.

Call us anytime at 239-542-8521 or fill out our quick contact form to have an agent get back with you. 

April 26, 2019

Cape Coral Real Estate Property for Sale Statuses Explained

Cape Coral Real Estate Property for Sale Statuses Explained

 

Have you ever wondered what certain statuses mean that you see in the real estate marketplace? Some are very local in nature while others are universal. In this article, we will discuss the different statuses you may come across in the Cape Coral real estate market.

 

FOR SALE

Properties that are for sale are available for viewing, placing an offer and purchasing. They may or may not also be available for rent.

 

FOR RENT

Properties that are for rent are available for leasing/renting. They may or may not also be available for sale.

 

LEASE PURCHASE / RENT TO OWN / LEASE OPTION / LAND CONTRACT / SELLER FINANCING

This generally is used for a property where the seller is open to alternative selling scenarios. The seller may be open to seller financing or lease purchase terms. You should discuss the terms and pros/cons with your real estate agent.

 

 

Active Status

 

First of all, when a property is listed for sale it is known as “Active”. This means it is active on the real estate market. MLS is a term used by real estate agents to denote their “Multiple Listing Service”. The MLS is a data share program for licensed real estate agents to cooperate with each other. This means that they are working with other real estate agents and also share their commissions with another real estate agent to bring a buyer.  Most MLSs also share or syndicate their listings to other real estate websites/portals and even other real estate brokerages’ websites. This should mean that there are no accepted offers on the property and that is available for showings. There could however be offers on the table but until an offer is accepted by all parties it remains in ACTIVE status.

 

 

Pre-Listed or Coming Soon Status

 

Sometimes you may see something marketed pre-listing. Real estate agents may use terms such as “coming soon” or “not on the MLS yet”, etc. You may also hear of a term a real estate agent uses as a “pocket listing”. This typically means that the listing agent (real estate agent working for the seller) has an agreement to list & sell the property but they have agreed to keep it off of the MLS until a certain date in the future. Why would a seller want this? There are a few reasons but most likely the listing agent has suggested it to try to find a buyer on their own without the help of other real estate agents. They may have a buyer pool through their own database or their brokerage where they can tap into buyers searching for homes. This allows the agent to sell the home quicker and possibly to work with both the buyer & the seller themselves. This is completely legal in the state of Florida as we are all transaction brokers unless otherwise noted. We can get into representation in another article but for this article, I will keep on track to discuss the statuses. As a seller, you may want to “test” the market before you actually go live on the MLS. Perhaps you are still working on staging or repairs to prepare for the market or you don’t want many showings right now, etc. The cons of going under contract before the house is actually listed on the MLS is that you may end up with an offer below market value or for less than you could have otherwise received after being marketing thoroughly. Obviously, this is something you’ll want to discuss with your real estate agent and does not happen with all transactions. Some MLSs do NOT allow properties to be pre-listed or marketed prior to being active on the MLS.

 

Active Contingent

 

When a property is listed as “active contingent” this means that there is an accepted offer on the property however there are still contingencies to be met. A contingency in a real estate sale is usually for an inspection period or a financing period for the buyer. This means that the buyer has so many days to complete their home inspections and obtain financing. Usually, during the active contingent phase, the seller will still allow others to see the property or put in back up offers but a buyer should understand that it is under contract with another buyer. Sometimes this is also called “under contract”.

 

Pending 

 

When a property is marked in a pending status this means that the property has an accepted offer and the contingency time periods have passed or have otherwise been removed. This typically means that the closing will be happening soon. There is still a slight chance that the property may not close but in most cases, this means that the property is no longer available to see or place offers on. Sometimes this is also called “under contract”.

 

Back on the Market

 

This status means that the property had been under contract for purchase with another buyer but something went wrong. It could have been an issue with the property but more times than not it has something to do with the buyer. Either they changed their mind or were denied their financing in most cases. You can always have your agent ask what happened. If it was due to an issue of the property it must be disclosed.

 

Closed / Sold

 

Once a property is marked as closed or sold the property is no longer “on the market” & has transferred ownership from one (seller) to another (buyer). 

 

I hope this has helped you with your real estate search. Should you have any other questions please reach out to our office to speak with a licensed real estate agent to discuss. We look forward to working with you!

 

Sept. 2, 2016

Shop Local And Support Cape Coral Living

Relax in cape Coral HomesLocals embrace Cape Coral living and support their own community by frequenting the Farmers Market. A multi-week event with several locations, the Cape Coral Farmers Market is a convenient way to practice the from farm to table philosophy. From fresh produce to homemade foods, shoppers will find everything they need to make a scrumptious family dinner at their Cape Coral homes. Three neighborhoods host markets and include The Shops at Surfside, Downtown at Club Square and Cape Harbour.

Live entertainment fills the area encouraging patrons to relax and enjoy themselves as they pick up their goods. Stalls filled with produce are plentiful. Seasonal selections peaking in September include avocados, mushrooms, peanuts and citrus fruits - tangerines, oranges and grapefruits. October crops add sweet corn, cucumbers, colorful bell peppers and tomatoes to Fall’s bounty. Get it how grandma used to make it. Vendors present homemade jams, jellies, breads and pastries. Nuts and pure honey are also easy to find.

It’s not all about the food though. Many unique items can be found by those meandering about. Great gifts and pieces of pottery perfect for placement in Cape Coral homes are ripe for the picking. The Cape Coral Farmers Market encourages the public to purchase “Fresh From Florida” foods. Feel good about staying local and eating healthy for a better you. More information including a vendor’s list and hours of operation may be found online.

 

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