Huge Lot for Low Price- Gratia Group Featured Lot of the Week

Inverness Lot

The Gratia Group Featured Lot of the Week is a large 9,600 square foot lot located in historic Inverness, Florida. This perfect Florida land investment is located at 3913 E Walker Street Inverness, Fl 34453. Listed for only $2500.00 this lot is priced to sell to a land investor, developer or those seeking the perfect Florida home site in paradise.

Race fans will love Inverness, home of the Citrus County Speedway and its figure-eight race course. The Citrus County city, which is about 40 miles southwest of Ocala, also offers a golf and country club, as well as Fort Cooper State Park. Bordered by forests and lakes, the area’s natural resources have been protected and managed to provide a wealth of outdoor opportunities for residents to enjoy.

To learn more about the Gratia Group Featured Lot of the Week or any of investment land plots or Florida home sites for sale, contact a member of the Gratia Group team at (239) 333-2221.

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Foreclosure Hangover in SWFL? Study Says “Yes”

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Though both the rate and number of foreclosure filings in Southwest Florida have dropped dramatically since the recession, a recent report shows the the market of property Cape Coral still suffers its aftereffects.

While the year-end report by California-based RealtyTrac showed both Naples-Marco Island and Cape Coral-Fort Myers had improving metrics since the foreclosure crisis reached its regional peak in 2009, neither area is bouncing back as quite as quickly as the country as a whole, though their performance outpaces the state average.

The report showed that in the Naples-Marco Island metropolitan statistical area, the number of foreclosure filings fell to 1.06 percent of all housing units, or 2,092 homes, in 2014. In 2009, 6.38 percent of all housing units, or 12,251 homes, were in some stage of foreclosure.

While foreclosures usually are found in the lower end of the market, currently they’re found in all price points. But because the percentage of homes in foreclosure is much smaller than it was during the recession, the banks and other institutions that own them can command market prices.

In Cape Coral-Fort Myers, 1.72 percent of all homes (including lots and land for sale), or 6,393 units, were in foreclosure in 2014. Five years earlier, 11.87 percent of all housing units, or 42,734 homes, had foreclosure filings. While the percentage of homes in foreclosure is relatively small, both Naples-Marco Island and Cape Coral-Fort Myers have a greater percentage in foreclosure than the country as a whole.

Nationally, only .85 percent of all housing units, or about 1.1 million homes, had foreclosure filings last year. That’s compared with 2.21 percent of all housing units, representing roughly 2.8 million homes, in 2009. Looked at another way, one in 118 housing units in the United States was in foreclosure last year, RealtyTrac said. By comparison, Southwest Florida fared worse. Out of 212 metro areas the company tracks nationwide, Cape Coral-Fort Myers ranked 15th, with one out of 58 housing units in foreclosure.

That’s because banks, which had been holding out for higher home prices before selling the homes they had repossessed, are finally clearing out their inventories. Naples-Marco Island saw one in 94 units in foreclosure, and was 49th on the list of metro areas nationwide. Naples’ numbers are lower because there was never as much backlog of homes as there was in Cape Coral-Fort Myers.

While both metro areas ranked relatively high nationally in terms of foreclosure rates, they ranked low compared to other places in the state. Naples-Marco Island had the lowest foreclosure rate of all the metro areas listed in Florida. But Florida tops all other states in terms of foreclosure rates, with one out of every 44 housing units in foreclosure, or 206,247 homes. That’s 2.3 percent of the roughly 9 million housing units in the state. In 2009, Florida had 516,711 foreclosure filings, representing 5.93 percent of the housing stock.

While overall, foreclosures still haven’t reached historically normal levels, the overall picture is improving. Florida’s foreclosure filings were down by 24 percent in 2014 from 2013.

Nationally, they dropped 18 percent. Over the same period, Naples-Marco Island’s filings fell 44 percent and Cape Coral-Fort Myers dropped 20 percent. The shrinking numbers are signs that rapidly rising home prices are making it easier for some owners to avoid foreclosure.

To learn more about the current state of real estate in the SWFL region, contact an expert member of the Gratia Group team at (239) 333-2221.

Gratia Group Featured Lot of Week- Lucrative Plot for Investment or Home Site

2417 NE 19th AveThis week Gratia Group Real Estate is proud to release a newly Featured Lot of the Week that is sure to be a hit with investors and those looking for home sites alike.  Located at 2417 NE 19th Ave. in sunny Cape Coral Florida, this lot is a lucrative find and listed at only $12,000, a steal for the very popular northeast region of the largest city in Southwest Florida.  This mostly cleared Cape Coral land lot will make the perfect addition to any investment portfolio or a great location to build your Florida dream home.

Come invest in one of the hottest areas of Florida, Lee County.  The region is best known for world-class fishing, beaches and a warm sunny tropical lifestyle.  Cape Coral is a large family oriented community just minutes away from Fort Myers that offers beautiful parks and a wonderful school system.

To learn more about the Gratia Group Featured Lot of the Week contact a member of the Gratia Group Land Sales Team at (239) 333-2221.

Researching Land in Florida for Sale

Florida Land for Sale

Getting ready to buy property isn’t as simple and straightforward as buying groceries.  For starters, it’s typically not purchased regularly.  Because of this, there are many complexities and questions that arise.

When invest in Florida land sales, you’re investing your money, time and future.  All of these are very important.  To help save you from stress and frustration,  we’ve compiled some helpful hints for how to research land for sale before you buy.

Questions To Ask Yourself

There are several questions someone must consider before they buy.  These should include:

  • Where do I want my property to be?
  • What purpose do I want this property to serve?
  • How much am I willing to spend?
  • What qualities do I want?

By compiling a list of your expectations or desires, you will be able to focus on what the important factors are to you.  This will assist you significantly as you create a good, short list of potential properties.

If You Want to Build On Your Property

If your goal is to build a house on the newly-purchased vacant lot, there are a few things to consider when conducting your research.  Most importantly, what is the zoning code for this property?  County offices record all properties, and every county differs in zoning restrictions related to FL land.  Some counties have strict size rules, only allowing construction of a building if the property is of certain acreage.  Other times, you might be able to build a single-family dwelling, but not a commercial building, or vice versa.

Installing Power, Water and Sewage

Not every property has direct access to power lines.  There are off-the-grid properties that might be too far away to set up water and sewage, preventing you from either building or living on the property.

Counties Are Your Friend

As you research lots you will find that the county the property is located in will be your best bet for the most up-to-date and accurate information regarding the Florida lot for sale.  There are many different offices within the county.  For questions pertaining to building or making any improvements to your land, the best department to contact is Planning and Zoning.  For general questions about the property (i.e. its history of owners, who currently holds title to it, etc.) the Recorder’s office will be your best bet. Lastly, questions about property taxes can be answered by the Tax Assessor’s office.

If you have general regarding land, contact an expert member of the Gratia Group land team at (239) 333-2221.  We love to share our vast knowledge of the Florida land market and are a great resource for beginner investors looking to break into the Florida land scene!