Connors Vanderbilt Beach Estates in Naples Florida is single family neighborhood of about 500 sites with direct gulf access to the Gulf of Mexico. Most of the homes have their own boat docks and are only about 20 minutes to the gulf. There are only 3 streets located of Gulfshore Dr. offering short walk to the beach and gulf access.
Take a look at 201 Seabreeze Ave, Naples FL 34108 - rare opportunity to own bay front (not just narrow canal) home with breathtaking bay views! Located on quiet dead end street and pie shape lot with big back yeard. This lot is 50% bigger than most of the lots in the area - it's 0.35 acre and has 120ft of seawall. The ultimate in boating from your own backyard and a short walk to Vanderbilt Beach via deeded beach access! You can enjoy Florida's waterfront living at its best and take the party outside where you'll enjoy the waterfront atmosphere and great sunsets while watching the boats pass by. Bring your boat and dock at your own 40' dock with 12,000lbs boat lift. Also included a 19' wide 27' deep grandfatheredin boat slip. All this within minutes of the Gulf of Mexico! This meticulously maintained 3 bedroom/2bath house has tile throughout, electric shutters, new roof and new paint. This is a great home to live in or perhaps build a new one in a fantastic location. Priced to sell and easy to see on a short notice!
Naples Area Board of Realtors (NABOR) just released real estate market report for October 2009 (Click HERE to see full report). Given a steep decline in average sales price, not surprisingly sales in Collier County (excluding Marco Island) are up 42% compared to October 2008. Overall, the number of contracts written (but yet to close) last month grew to 904 and it was more than twice the number of contracts written in October 2008 (409 contracts). Nearly 70% of sales were homes under $300,000. Naples Foreclosures and short sales - sales made for less than the bank is owed - accounted to almost half of all sales recorded last month. Almost 30% of last month's sales were Naples bank owned foreclosures and a little more than 17% were short sales. Many Naples foreclosures are attracting multiple offers within first days on market and represent a great value to homebuyers.
According to NABOR, inventory declined 14 percent to 9,347 homes last month, down from 10,815 a year ago.
Many factors contribute to increase of sales, including decrease in average sales price, low interest rates, federal tax credit for first-time buyers (which was extended until next year), and of course low dollar making Naples properties more attractive to international buyers.
If you are interested in buying Naples Foreclosure or Naples Bank Owned Home, please visit www.NaplesPropertySource.com to see what's available in Naples area. This daily updated website provides complete listing descriptions and pictures as well as valuable information about the foreclosure process. We would be happy to help you locate the property, prepare and make an offer on any Naples property. We have the experience to make it happen!
So you would like to buy Naples bank owned property?
You have watched the late-night infomercials and now you are ready to make "a killing". Foreclosed homes are a great way to get "more house" for the money. Most of these houses are sold for well below current market value and some are offered at an absolute steal. If you want to start hunting for great bargains, visit www.NaplesPropertySource.com for the largest selection of Naples Foreclosures and Naples Bank Owned Homes for sale. Others please take a look at some facts and get familiar with the foreclosure process.
Naples Bank Owned (REO) vs. Naples Foreclosure
An REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction. Naples foreclosure sales begin with a minimum bid that includes the loan balance, accrued interest, attorney's fees and any costs association with the foreclosure process. In order to bid at a foreclosure auction, you must have a cashier's check for the 10% of the bid amount and come up with the difference in 24 hours. If you are the successful bidder, you receive the property in "as is" condition, which in some cases may include someone still living in the property. There may also be other liens against the property, so be careful. And since you cannot get title insurance policy, it's important to hire someone to do a title search and find out about any other liens and other mortgages before you decide to bid on a property. In current Naples real estate market what is owed to the bank is almost always more than what the property is worth, very few Naples foreclosure auctions result in a successful sale. So in this case property "reverts" to the bank. It becomes an REO (Real Estate Owned), Naples Foreclosed Home or Naples Bank Owned Property.
Naples Foreclosed Properties For Sale
Now at this point these Naples Foreclosed properties are owned by the bank and free of any liens. The banks are still going to try and get the most money they can for the property but most importantly, they are willing to take a loss and move on. The biggest benefit of buying Naples bank owned property is that you will have the opportunity to get title insurance and the opportunity to perform an inspection. Title insurance will ensure that you do not have any additional liens recorded against the property.
How Banks Sell Naples Foreclosures / Bank Owned homes
Each bank is a little different when it comes to selling bank owned property, but in general the process remains the same. So at this point property gets listed in Naples MLS (Multiple Listing Service) and becomes Naples bank owned home for sale. www.NaplesPropertySource.com list ALL Naples Foreclosures and Naples Bank Owned homes for sale. All data is updated daily. No sign up required to see detailed description, pictures and even property address. As an option, you can sign up for automatic email updated to have new Naples Foreclosed properties delivered right to your email inbox.
Property Condition
Banks always sell their properties in "as is" condition. It sounds scary, but most of the contracts allow you to get all the inspections you want (at your expense), but they won't agree to do any repairs. In general, offers include an inspection contingency period (5-10 days) that allows you to terminate the sale if the inspections reveal unanticipated damages that the bank will not correct. Sometimes (if something major comes up), banks will re-negotiate to save the transaction instead of putting the property back on the market, but don't take it for granted. These banks do not provide any property disclosures, and buyers have to do due diligence during inspection period too.
Making an Offer
In order to submit an offer on Naples foreclosure or Naples bank owned property every buyer has to provide bank pre-approval letter (if financed) or proof of funds (if cash). NO EXCEPTIONS! By starting this step early, you can know what type of Naples foreclosed houses you qualify for. Once the offer is prepared, then it's typically sent to the bank. At this point you must have a little patience. It can take a few days for you to get a response from the bank. Many realtors work weekends, but banks do not typically have anyone around after 5pm or on the weekends so you will not get a very quick response. If there are several offers on the property, banks ask everyone to submit their "highest and best" offer. Then if you offer gets accepted, you will receive additional sales contract addendums which pretty much read the same as original as-is contract (just in different words). Make sure you understand all the sales terms before you sign anything and consult your real estate attorney (if needed).
If you are interested in buying Naples Foreclosure or Naples Bank Owned Home, please visit www.NaplesPropertySource.com to see what's available in Naples area. This daily updated website provides complete listing descriptions and pictures as well as valuable information about the foreclosure process. We would be happy to help you locate the property, prepare and make an offer on any Naples bank owned property. We have the experience to make it happen!
There are many great deals in Naples right now. If you have a time and patience, short sales present great opportunity. Another segment that has a lot of activity are Naples foreclosures. These homes already went through foreclosure process and ready to be bought by a new homeowner. It's possible to strike gold and find that perfect property at a very fair price. Many properties in Naples, Bonita Springs and Estero areas are selling now at the LOWEST PRICES EVER! Please visit Naples Fl foreclosures and see it for your self.
We have the patience to show you around and find some great deals. We can submit the offers to the banks and negotiate some very good prices for buyers in this saturated market. Give us a call to see if it's the right time for you.
For Real Estate in Naples Fl make sure you contact us, we're here to help.
Winterpark in Naples Florida is a condominium development located on Davis Blvd, just east of Airport Road. Great Naples location close to Olde Naples, beach and restaurants. Winterpark has one of the largest resort style pools in the Southwest Florida and several tennis courts. View Condos For Sale in Winterpark
Property type: Condo Location: on Davis Blvd, just east of Airport Road Community type: Tennis Amenities: Clubhouse, Community Pool, Tennis
Wilshire Lakes in Naples Florida is a gated master planned community situated on 245 acres and located off of Vanderbilt Beach Road just west of I-75. A variety of condominiums and single family homes are available. Wilshire Lakes community amenities include a gated entry, community clubhouse, heated pool and spa, lighted har-tru tennis courts, volleyball and fitness room, nature trails and bike paths. View Homes For Sale in Wilshire Lakes
Property type: Single family, Condo Location: off of Vanderbilt Beach Road just west of I-75 Community type: Gated, Tennis Amenities: Clubhouse, Community Pool, Community Room, Community Spa, Exercise Room, Volleyball, Tennis
Willoughby Acres in Naples Florida is a single family home community located just north of Immokalee Road and west of Livingston Road. Willoughby Acres is a neighborhood without association fees with most of the homes situated on 1/3 acre lots. View Homes For Sale in Willoughby Acres
Property type: Single family Location: north of Immokalee Rd, west of Livingston Rd Community type: Other Amenities: None
Waterways in Naples Florida is a 332-acre gated single family neighborhood located just 9 miles east of I-75 off Immokalee Rd. Most of the 400 residences are situated around 150 acres of freshwater lakes with nearly 2 miles of shoreline for sailing, canoeing, kayaking and paddle boats. Homes are on quarter acre lots with floor plans ranging from 1,800 sq. ft. to over 3,000 sq. ft, under air. Waterways community clubhouse facilities include a swimming pool, fitness center, fishing pier, 2 lighted tennis courts, basketball court, beach volleyball court, picnic areas and miles of jogging trails. For golf lovers Valencia Golf & Country Club golf course is just down the road and is open to general public. View Homes For Sale in Waterways
Property type: Single family Location: 9 miles east of I-75 off Immokalee Rd Community type: Gated, Tennis Amenities: Basketball, Clubhouse, Community Pool, Community Room, Community Spa, Exercise Room, Play Area, Volleyball, Tennis
Walden Oaks in Naples Florida is located in the heart of north Naples - off of Airport Pulling Road; just North of Pine Ridge Road and offers a tranquil, picturesque setting in a prime location with lush vegetation, winding brick paths and wooden bridges. Entering the community first you will notice large lake with island pool bordered by tall palm and stately oak trees. Adjacent to the pool is recently renovated clubhouse with tennis courts in a lovely shaded setting. Real estate property choices include condos, attached villas single family homes. View Homes For Sale in Walden Oaks
Property type: Single family, Attached Villa, Condo Location: off of Airport Pulling Road, just North of Pine Ridge Road Community type: Tennis Amenities: Clubhouse, Community Pool, Tennis
Victoria Lakes in Naples Florida is a condominium development located on west side of Airport Road, north of Vanderbilt Beach Drive. There total of 94 condo units built around the lake. Residents enjoy community pool and tennis courts. Behind Victoria Lakes is a single family neighborhood Victoria Park. View Condos For Sale in Victoria Lakes
Property type: Condo Location: off Airport Road, north of Vanderbilt Beach Dr Community type: Tennis Amenities: Community Pool, Tennis
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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