Low Rent and Great Schools are Leading Millennials to Cape Coral
Published On: July 2, 2018 Posted by: SB Realty
According to NBC2 News, millennials are close to 80% of the first time homebuyers in Cape Coral right now.
High rental prices elsewhere have led to more being on the lookout for lower down payments, lower out-of-pocket amounts due at signing, and lower interest rates. Great schools are also a major factor when looking for a new home and millennials are realizing that Cape Coral is plentiful in all of these aspects.
For buyers that are concerned about enormous down payments, new programs have been established in order to avoid the usual large out-of-pocket amounts that are due at signing.
“They have programs out now that will allow you to take that as a second on your home, and you can roll a whole 100% of those fees right into where you walk into the closing, sign all your documents, walk out with keys and not pull a dime out of your pocket, and have it all into the cost of your home,” said Bill Johnson Jr., CEO and Executive Director of the Cape Coral Construction Industry Association.
To read more about millennials moving to Cape Coral, click here.