Cape Coral Foreclosure
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How to Buy a Foreclosure

The lending institutions and finance corporations that presently own foreclosed homes hire professional Realtors to list and sell the homes. Foreclosed homes can be found on the MLS. At this time the selection of foreclosed homes is awesome. It should not be difficult to find exactly foreclose home you’re looking for.

Yes, we all know it’s a buyer’s market in Cape Coral and this SW Florida city is the number 2 foreclosure capital of the country. Sales have been strong since February with May being exceptional.

Most of these sales were foreclosures or short sales. Since the media has been working overtime getting news of these exceptional home prices to the public, these distressed homes are being snapped up within a few days, selling above asking price. Multi offers, going for best and highest are the norm. It seems everyone wants great deal on a wonderful home in a tropical paradise.

Although it’s a buyers market, it may be difficult to get your bid accepted. You may need to help of a Realtor with a lot of experience selling foreclosed homes to get the home you want to buy.

If you’re thinking about taking advantage of today’s home buying opportunity, hire me, a professional Realtor who’s an expert in the foreclosure market. I’ll find you the best deal out there.

Be a Smart Buyer

It is important to do your homework. Know the market price and the cost of repairs! Understand what utility assessments mean and how it will effect your purchase price. Just because the price is low, you may have to put a lot of money into a foreclosed home. The deal may not make sense.

What the Lender will Require
-“AS IS” sales contract (Acceptance of 5 business days. closing date 30days later)
-Escrow money (minimum 1% of purchase price) This can usually be paid upon contract acceptance.
-A recent pre-approval by a reputable lender or recent proof of funds
The lender will have several addendums and maybe their own contract to sign.


Let me set up a FREE ONLE HOME SEARCH for you. The more info you give me the better I can help you.
You will be reciving listing to you email within hours. Properties will include bank owned and short sale properties. If you looking for a special type of home let me know.

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