According to data supplied by RealtyTrac, Irving, CA, the Cape Coral-Fort Myers metropolitan area is in second place nationwide, following Las Vegas in the number of foreclosures for October 2008. The data places Florida in 3rd place nationally, following Arizona and Nevada.
As a full-time Realtor® in Cape Coral, I can report a brisk week in buyer traffic in our Coldwell Banker office. On Tuesday, it was challenging to find a parking space. On Wednesday, I received a call from a California buyer who immediately put an offer in on a piece of bank-owned property after a 10-minute telephone conversation. The buyer is slated to have immediate equity in the purchase, since the property includes central utilities on site, which are assessed at an amount higher than the purchase price of the property.
Anyone interested in purchasing single-family homes, condominiums, or vacant land should be poised to act quickly by preparing for their financing ahead of time. Quality bank-owned properties are moving quickly and the ready buyer is most appealing to the title holders.
Search foreclosures in Florida with a Click or call me at 239-246-0167 for more information!
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