Yesterday afternoon I had the pleasure of being interviewed by the local Fox News station's anchor Amy Wegman. Stephanie Whiffen, Sr. loan officer for Fifth Third Bank invited me to meet with her and Amy to discuss the short sale properties in Cape Coral.
The interview will air during Wednesday evening's 10 pm early news. There appears to be many questions from consumers as to what exactly a short sale is and how it compares to a foreclosure.
One point that I am constantly reminded of in our industry is that those of us in real estate tend to use "lingo" that we understand and take for granted the public knows what we are talking about. Case in point is the term short sale.
Some might think that the term short sale would mean that the time period to purchase a short sale would be short in nature. In actuality, those of us in the industry trying to sell a short sale know that they are typically anything but short. In fact, they are proving to be some of the longest decision making sales we have ever encountered. 30-day decisions are a rarity. Sixty to ninety days or more just to get an answer from the bank is not uncommon.
What you will learn is that in most cases Cape Coral foreclosures are easier and faster to buy than Cape Coral short sales.
Check back tomorrow and I hope to post a link to the interview.
Want to know more about how to win at buying foreclosures and short sales in the Cape Coral real estate market? Download my FREE REPORT, "How To Successfully Buy Foreclosures & Short Sales" & "The Ten Biggest Mistakes Buyers Make."
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