Saturday, November 28, 2009
Saturday, November 21, 2009
Wednesday, November 18, 2009
Monday, November 9, 2009
Saturday, November 7, 2009
Thursday, November 5, 2009
Tuesday, November 3, 2009
Golden Gate City Foreclosures
View Golden Gate City Foreclosures at www.goldengatecityforeclosures.com
Monday, October 5, 2009
Marco Island Foreclosures
Marco Island Foreclosures
There are currently Six active Single Family Home Foreclosure Listings, One Condo Foreclosure Listing and Three Land Listings available as of October 5, 2009. This information comes from the Multiple Listing Service of Marco Island. If you are interested in foreclosures for sale in the marco island area visit my website at www.marcoislandforeclosures.net -Marie Orlando, Licensed Sales Associate. The information is deemed reliable but not guaranteed.
Monday, September 21, 2009
Marco Island - Buying a Foreclosure
Buying a Foreclosure...
This is to assist buyers in the dynamics of buying a foreclosure. What you can expect when buying a foreclosed property is very different from a standard purchase. With the number of foreclosures increasing in the Marco Island and Naples area many buyers/investors are looking to purchase a foreclosure because of the cost comparison to a standard home price.
There are negotiations that occur with lenders rather than between agents and buyers and sellers. Typically, when a buyer decides to make an offer to purchase, the buyer's agent submits the offer to a seller's agent and necessary inspections are made.
PROS and CONS
With a foreclosure, you are dealing with large banks and generally they have prewritten contracts that eliminate the right to inspections and usually are a purchase for a property in "As Is" condition. With this in mind, the buyer would need to evaluate if the purchase is worth the investment taking into consideration any necessary improvements that would need to be made. They must ask themselves "Is it worth the risk?" A benifit is that because the lender wants to get the home loss of their books they generally have it listed at "fair market value" which is usually at a steep discount. Another benefit is that the initial deposit on a foreclosure purchase is generally lower than a traditional purchase.
TITLE
Another discussion is liens and title issues. I always inform buyers it is in their best interest to hire an attorney to review and ensure of a clean title from any liens.
TIME FRAME
Generally in a traditional closing the turn time is within 45 days. With a foreclosure, I have noticed that it can be anywhere from 7-45 days. I have also noticed that an offer to close in a shorter time frame is a benefit to the lender and is more likely to be taken more seriously than a closing with a longer time frame. Also having a cash buyer rather than financing is a Plus.
If you are considering purchasing a foreclosure - please contact a real estate professional like myself for more information. You can visit my website for foreclosure listings in the Marco Island and Naples Area. www.forsaleonmarco.com
Marie Orlando
Licensed Sales Associate
This is to assist buyers in the dynamics of buying a foreclosure. What you can expect when buying a foreclosed property is very different from a standard purchase. With the number of foreclosures increasing in the Marco Island and Naples area many buyers/investors are looking to purchase a foreclosure because of the cost comparison to a standard home price.
There are negotiations that occur with lenders rather than between agents and buyers and sellers. Typically, when a buyer decides to make an offer to purchase, the buyer's agent submits the offer to a seller's agent and necessary inspections are made.
PROS and CONS
With a foreclosure, you are dealing with large banks and generally they have prewritten contracts that eliminate the right to inspections and usually are a purchase for a property in "As Is" condition. With this in mind, the buyer would need to evaluate if the purchase is worth the investment taking into consideration any necessary improvements that would need to be made. They must ask themselves "Is it worth the risk?" A benifit is that because the lender wants to get the home loss of their books they generally have it listed at "fair market value" which is usually at a steep discount. Another benefit is that the initial deposit on a foreclosure purchase is generally lower than a traditional purchase.
TITLE
Another discussion is liens and title issues. I always inform buyers it is in their best interest to hire an attorney to review and ensure of a clean title from any liens.
TIME FRAME
Generally in a traditional closing the turn time is within 45 days. With a foreclosure, I have noticed that it can be anywhere from 7-45 days. I have also noticed that an offer to close in a shorter time frame is a benefit to the lender and is more likely to be taken more seriously than a closing with a longer time frame. Also having a cash buyer rather than financing is a Plus.
If you are considering purchasing a foreclosure - please contact a real estate professional like myself for more information. You can visit my website for foreclosure listings in the Marco Island and Naples Area. www.forsaleonmarco.com
Marie Orlando
Licensed Sales Associate
Wednesday, September 16, 2009
Marco Island Naples Real Estate Search - Homes and Condos Marco Island and Naples, Fl
Property Quick Search - Marco Island and Naples Florida Real Estate
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