This beautiful home is located in Colonial Shores approximately 15 minutes from Fort Myers Beach and 20 minutes from the bridge to Sanibel and Captiva Island. This home complete with lake view, brick paver drive and tiled roof was a foreclosure! Shane recently closed on it after several months of Shane's dilligent efforts and much patience on the part of his buyers.
The future of Real Estate looks as if it will continue to involve a market of Short Sales and Foreclosures into the 3rd quarter of 2010. We strive to provide education to buyers in the Fort Myers and Cape Coral Real Estate Market, so that Fort Myers home buyers can utilize a strategy to help you be succesful in your home purchase in these challenging times.
Strategies for a Succesful Offer on a Foreclosure Home:
1. Be prepared with either "Proof of Funds" if you are a Cash Buyer, or your "Pre-Qualification Letter" if you are obtaining financing.
2. Talk to your lender ahead of time to discuss any potential pitfalls that may come up when you go through the Loan Application process and come up with a game plan to overcome those challenges.
3. Be prepared to bring your "Highest & Best" offer. We are noticing many Fort Myers and Cape Coral foreclosures listed at "Below Market" prices to induce "Bidding Wars" from potential buyers. Also, Banks are asking the listing agent of their foreclosure or REO properties, to list the home for 5 days before they accept any offers. This means that when you put an offer on your "dream home" the first day it is on the market, hoping to be the first one in, your offer will not be countered or accepted for 5 days in order for the home to gain more exposure on the MLS.
4. Have representation from a Buyer's Agent who is knowledgable in the current Fort Myers and Cape Coral Real Estate Market. Utilize the services of a Licensed Professional with a proven track record. They will be your best resource and support as you attempt to purchase a foreclosure property.
5. Obtain a record of comparable solds to the home you are interested in from your Realtor. Looking at recent sold comparables is a good indicator of what the bank will accept in an offer.
6. Be mentally and financially prepared to make improvements in the homes and pay for your own repairs. Fort Myers Foreclosures are sold "As-Is." This means that the Seller, or the bank, will not make any repairs prior to closing.
7. When your Realtor finds a home that meets your criteria, don't wait to write an offer. That home is probably being watched by many other buyers who are ready to jump in.
We are looking forward to assisting you with your next home purchase, whether it is a Fort Myers or Cape Coral Short Sale or Foreclosure. We are available to answer any questions you might have and look forward to serving you today. Providing excellence and service in your real estate experience.
To view homes as the day they go on the market, please ask for a ListingBook Account.
Proudly serving Fort Myers, Cape Coral, North Fort Myers Real Estate Experts, Estero, Lehigh Acres, Bonita,
Sanibel Island, Captiva Island, Naples, Marco Island, Fort Myers Beach.
Licensed Professional Florida Realtors
Cell: 239-823-5280
Fax: 239-245-8042
www.FortMyersRealEstateFloridaHomes.com
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