Cape Coral Real Estate, Fort Myers, Naples & Bonita Springs

News about Cape Coral Real Estate market conditions etc.

Why you must have a buyers agent Foreclosures|short sales Cape Coral Real Estate

Cape Coral Fl Real Estate Joseph Beauvais

Cape Coral Fl Real Estate Joseph Beauvais

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Now more than ever I am seeing many serious errors inputted to the MLS and spread automatically to many sites that you the public search.

Some information is so serious it could cost you thousands of dollars.

I recently found a foreclosure listed in the MLS and my buyer and I viewed the home. The mls stated that the home had central sewer and water in. I called the agent and asked if it indeed had these utilities rather than a well and septic. Answer: yes!, After we looked at the home I noticed that it had a well pump. I again called the agent. “it is in a paid” was the answer. I then looked for the meter box. None. I asked the buyer to call the agent for fear of the agent getting annoyed. “it is in a paid” was told to the buyer. Where is the meter? Answer, it probably is burried in the grass.

I then went online to the city of Cape Corals web site. I found that the utilities were not in until 2012. This home is a corner lot so the future assessments would be around 25k with hook up, plumbing assessments and permit fees

The buyer would never have found out at, before or after closing unless they would have searched on their own.

The buyers thanked me and were very glad they used a buyers agent.
Short sales are not good unless they are bank approved. Read about short sales.

The public is not aware that the listing agent does not work for their interest. Only a true buyers agent that does not take listings protects you. Why? A buyers agent is a single agency with feduciary duties only to the buyers. I protect you alone.

In my views there should be a listing agent and a buyers agent for each sale. Each representing seperate parties in the transaction. Visit Cape Coral Real estate web site to search thousands of home in Cape Coral and surrounding areas.

Call me Now! (239) 770-0686 Email; Jb@sunnyspotrealty.net

 

Cape Coral Real Estate

. Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

November 25, 2008 Posted by sunnyspotrealtynet | Cape Coral Forclosed homes, Cape Coral Foreclosures, Cape Coral Real Estate, Florida, Joseph Beauvais, Real Estate, Realtor Agency relationships, buyers agent, sunny spot realty | , , , , , | No Comments Yet

Low down payment going away 1-9-09. Cape Coral Real Estate news

Going Going …….

NEW LOAN LIMIT for FHA in Lee County is $271,050.

 

FHA allows the buyer to put a minimum of 3% down (changing to 3.5% in 2009). Down payment may be gifted.

 

If your going to buy and want to keep cash reserves now is the time.

Buying into Cape Coral Real Estate could not be better.

 

Visit Cape Coral Real Estate to see thousands of homes for a steal. Cape Coral Real Estate

*Remember you cannot steal in slow motion.

 

I am a exclusive buyers agent of 23 years. Serving Cape Coral, Fort Myers and surrounding areas.

Foreclosure specialist.

 

Cape Coral Real Estate/Joseph Beauvais

Cape Coral Real Estate/Joseph Beauvais

 

Cape Coral Real Estate news by Joseph Beauvais

Cape Coral Real Estate news by Joseph Beauvais

 

 

 

 

 

 

 

 

Email: jb@sunnyspotrealty.net or call 239-770-0686

Cape Coral Real Estate – Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

November 18, 2008 Posted by sunnyspotrealtynet | Cape Coral Foreclosures, Cape Coral Real Estate, Fort Myers, Fort Myers Foreclosure, Joseph Beauvais, Real Estate, sunny spot realty | , , , | No Comments Yet

Should I work with this Buyer? Is he a real buyer? Am I handling it right?

I have a web site Cape Coral Real Estate to which I get a lot of emails from “buyers” since I am a Realtor and buyers agent in Cape Coral Florida which owns Sunny Spot Realty inc.

Yesterday, I received an email from a Canadian wanting 3 fixer upper homes in Cape Coral Florida. He filled out my request form with his information properly with all contact information.

I naturally responded via email that same day. I try to get more information to ascertain if they are serious.

Are you going to get a loan?

Have you talked to a lender?

Do you have to liquidate anything before buying?

When would you be available to view the homes?

His response was, ” Just send me the information I requested please, no calls.”

I followed up with another email explaining that without all of the facts, it is difficult to narrow down what you are truly wanting to do and when. I explained that the truly great deals go fairly fast and without a time table you may get disillusioned when you find out the home is under contract already.

What I was attempting is to get communication and details so I know he is serious or not.

How would you handle this potential buyer?

Do you think he may be a real buyer?

From Canada, I question wanting fixer uppers as not knowing local contractors etc.
I further wanted to know the depth of work that is desirable. Paint and carpet is not a real fixer upper.

Do you think I am handling this right? Should I waste my time?

Joseph Beauvais                 Sunny Spot Realty IncCape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

January 25, 2008 Posted by sunnyspotrealtynet | Cape Coral Florida Loan pitfalls | , , , , , , | No Comments Yet

The rich are getting richer in Cape Coral Real Estate Florida and why

The rich are investors and wise.
Cape Coral Real Estate

Money is made by those that have it and use it wisely.

Not all have enough cash, but they buy realizing the dept service is an important factor and worth the chance of investing at the right time.

When is the right time?
Today!

If you have seen my forecast on my web site, Why Buy Florida now?, you know I am right.

How can a beginner start?

Buy now in Cape Coral , Fort Myers, Fort Myers beach and Naples Florida.

The market has bottomed out. See the light! It is time to buy now.

Investors are buying see Monthly solds

Why not you?

I am a buyers agent waiting for you to contact me to find these great deals through foreclosures, distressed sellers or even short sales.

Contact Joseph Beauvais Owner/agent Sunny Spot Realty inc.

Call Today! 239-770-0686 or go to my web site, Cape Coral fl Real Estate

Email; mailto:http://www.sunnyspotrealty.net/?subject=Buying%20in%20Florida

Joseph Beauvais

Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

April 22, 2008 Posted by sunnyspotrealtynet | Buy in Florida Now?, Cape Coral Real Estate, Real Estate, sunny spot realty | , , , , , | No Comments Yet

Public education of agency relationship and Buyers agent. Who’s Job?

As a Realtor for 23 years in Cape Coral Florida, I often wondered why the public is so lacking in knowledge about the advantages of using a buyers agent and the differences between agency relationships.

It is still not obvious to me.

In Florida you have transactional agents and single agents. (listing agent or buyers agent).

A buyer should use a buyers agent and a seller should use a listing agent, right?
Double dipping is great for the agent but not very good for the buyer nor seller.

In Florida, an agent is known as a transactional agent until the request a single agency status.

Does the public know what the duties and loyalties of a transactional agent lies? I know the vast majority do not. Why?

Who’s responsibility is it to make sure the public is aware?

Can a part time buyers agent represent both sides in the best interest of each party? No!

Can a buyers agent change hats and become a proficient listing agent with all duties clear? Perhaps.

Can a listing agent, as the majority are, be nearly as proficient as a full time buyers agent? No!

So why is the public so lacking as an informed buyer?
Many do not care nor know about the differences, all they want is to buy that house.

I find that in dealing with many agents that they are totally confused about where their duties lie.
With the exception of getting the deal closed and over with.

I recommend that someone educates the public which will add value to our services. After all if an agent can be wear so many hats at will with little concern over loyalty why does the public need us?

I welcome your comments in a truly professional  manor. Remember, everyone can view this forever.

This site tries to explain a buyers agent    Buyers agent

My web site is about Cape Coral Real Estate.

Joseph Beauvais Owner/ Agent Sunny Spot Realty Inc.  Joseph Beauvais

Sunny Spot Realty Inc

 

Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

May 3, 2008 Posted by sunnyspotrealtynet | Cape Coral Real Estate, Realtor Agency relationships | , , , , , | No Comments Yet

Real Estate trends in Cape Coral Real Estate, Florida for Salt Water Canal Front homes

Cape Coral Real Estate, Florida Salt Water canal front homes are unique in that they cannot build any more water front sites.

Our market conditions are extreamly favorable for buyers. Especially Euro buyers with the exchange rates as high as they are today. Mid page on this site, you may view current exchnage rates. Click> Todays Euro.

To learn about Cape Coral Florida canal types, go to Cape Coral Real Estate Canal info Explained.
To read about and buy Salt Water Pool homes in Cape Coral or Fort Myers Florida click Salt water Pool homes
To find the owner and buyers agent for Sunny Spot Realt Inc.

Joseph Beauvais                           Sunny Spot Realty Inc

My email: SunnySpotRealty@comcast.net Phone (239)770-0686 Joseph Beauvais Buyers agent Cape Coral Fl.

If you wish to have a reciprocal link to my web site, visit, http://linksmanager.com/sunnyspotrealty/

Cape Coral Real Estate
Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

May 31, 2008 Posted by sunnyspotrealtynet | Buy in Florida Now?, Cape Coral Real Estate, How to buy in Cape Coral Fort Myers Florida | , , , , , , , , , , , , , , , | No Comments Yet

How Investors should buy homes in Cape Coral & Fort Myers Florida

How Investors should buy homes in

Cape Coral, Fort Myers and Naples Florida

  •  Locate a true (experienced) buyer’s agent with only one hat. No listings.
  •  Be prepared with verification of funds or Prequalification statement from a lender no older than 15 days.
  •  Have cash for down payment.
  •  Choose a city with criteria like pool, age of home, salt or fresh water canals.
  •  Be liberal with top price to search. (up to 30% over)
  •  Decide if you wish to get a home with or future utility assessments.
  •  Ask Joseph Beauvais, “Currently, where is the money coming from for rentals?” Currently it is the Euro at $1.57. They are the targets for renters. Not locals.
  •  Ask, what type of home is attractive to those seasonal renters?
  •  Ask, Sunny Spot Realty inc. for the company that deals exclusively with foreign renters and can rent the home out resulting in a positive cash flow until the market changes.
  •  This is the one few agents like. Make several low offers on homes you selected all at once. Put a contingency in the offer. “Ask Joseph Beauvais” That will allow for visual inspection and choose the best one. NOTE: some are already listed extremely low. Adjust your offer accordingly. Ask Joe for a Market evaluation on properties of interest.

· If none is found this go around, Do the cycle over again.

Never fall in love with a home. This is an investment.

***Never think, “The market has not bottomed out yet, I will wait” This is like catching a golf ball when it hits the ground. Miss it by a little and the rebound is fast and furious. That is not even taking into account our low interest rates. The time to buy is when the market is flooded, demand is lacking and interest rates are low. Sound familiar?

Important Criteria
Any given area has unique properties. That may be Salt water canal homes, fresh water canal homes or unique gated communities. If builders are not able to duplicate your property with competitive pricing, this is where to look. Example; Salt water canal pool homes in Cape Coral and Fort Myers. They cannot create anymore building sites. Over one million has great potential. What is available is all there will be. “Supply and demand”
Be assured,
High fuel ie electric heating costs will drive Florida’s homes to become very attractive before the rest of the U.S.

Using my methods you will be assured a making a great deal of money when flipping in 1-2 years.

Click. Cape Coral Real Estate

Email; SunnySpotRealty@comcast.net
Phone; (239)770-0686
Lets begin today!

cape coral florida fort myers canal homes  Cape Coral Canal homes

Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

June 11, 2008 Posted by sunnyspotrealtynet | Cape Coral Real Estate, How to buy in Cape Coral Fort Myers Florida, Joseph Beauvais, Real Estate, sunny spot realty | , , , , , , , , , , , | No Comments Yet

Can you really become rich buying Real Estate?

Wow! all of these TV ads to buy wholesale and make a fortune.

Do they really work? How much time is involved? How to start? I have little money but good credit, can I buy?

Answers;

1. You can do all of this yourself. If you have tons of spare time and want to compete with hundreds of others doing the same. Remember time is money. Spend it wisely.

2.Yes, you can really make a fortune.

3. Yes, you can start with little money.

*Now let me tell you the real ins and outs.

Investors know when to buy. Down stock market is prime time. Watch the stock market. High, buy, Low, sell. Unless you want an income property. High stock market indicates investors are not buying Real Estate for investments. Great opportunity to buy and save distressed sellers from foreclosures.

*How to find them? Banks now list these with R.E. agents. You must find a good R.E. Buyers agent that is not lazy.

+ The best way to find these steals is to find an agent that works with companies that have many crews making offers on forclosed, Preforclosure, bank owned, mls and fisbo properties wholesale. You alone cannot possibly do all that they can do. Plus, if you try to do it yourself, you will get eventually emotionally attached or tired and pay too much. They add a little and sell at 20-30% below market. You need to buy their contract from them for cash. First you need to make absolutely sure you get a loan guarantee first. Do all the work with the lender first to make sure you pre-qualify (good for 2mts only). Choose your lender carefully and shop. This is not for the buyer with little money down. Sellers have lowered their prices so much that you would have to increase the sales price to cover the closing cost and have the cash to buy the assignment contract. The sellers will not and cannot do this. These are distressed sellers.

If you have good credit (620 or above) with little money. You must shop fisbos or Mls. To do this you need to find a Buyers agent that will show you more that a few homes and is energetic. Some are lazy.

I have the lender in hand that has so many programs to satisfy residential, investor or commercial buyers at very low rates. I have been working with all the above for 19 years.

If you want to buy in S.W. Florida, Lee County, I am a buyers’ agent that owns his own company. Go to my site and look at the wholesale properties. They sell in less than a month. These are assignments. Read about buyers’ agent on my web site. This site is only for buyers. Cape Coral Real Estate Joseph Beauvais

Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search for foreclosures. We have the Largest list of homes for sale in Lee County.

December 14, 2006 Posted by sunnyspotrealtynet | Buy in Florida Now?, Cape Coral Real Estate, How to buy in Cape Coral Fort Myers Florida, Real Estate, canal front homes | , , , , , | No Comments Yet

Why this is the best time to buy in your life? Cape Coral Canal Front Homes Real Estate.

Once in a life time for Cape Coral Canal Front Homes.
View Thousands of foreclosed homes, Cape Coral Real Estate
Suppy and demand.
They do not make any more Canal front home sites.
Prices are drastically reduced Cape Coral and Fort Myers Florida homes. In todays market. Tommorow?
Cape Coral Florida Real Estate is starting to really boom. See monthly sales.
Become a very smart buyer and choose the right time to buy for the future.It is now!
Subscribe to this blog and see what really is going on for Cape Coral Real Esate and more areas.
Choose me as a full time Buyer’s agent that represent you alone.
Call today! Sunny Spot Realty Inc (239)770-0686 Email today! Joseph Beauvais Buyer’s agent

If you would like to link to my web site, to get better page rank, http://linksmanager.com/sunnyspotrealty/

Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

June 22, 2008 Posted by sunnyspotrealtynet | Cape Coral, Florida, Fort Myers, Joseph Beauvais, Real Estate, buyers agent, canal front homes, monthly sales, sunny spot realty | , , , , , | 1 Comment

Notice to potenial buyers of FHA loan changes “Best type loan for now”

CLARIFICATION OF THE ANNOUNCEMENT BELOW!
Even though HUD maintains this increase is effective 09-05-08, all loans with FHA case numbers obtained before January 1, 2009 will require only a 3% buyer contribution. A $100,000 loan obtained after the deadline will require a minimum of $500 extra out of the buyer’s pocket (snooze—you’ll lose)… FHA buyers should be under contract and in loan application by the beginning of December 2008.
FHA has increased the minimum down payment to 3.5% of sales price as of 09-05-2008. FHA has also made both one time and monthly mortgage insurance risked based—a high credit score reduces mortgage insurance, and a lower one increases mortgage insurance.
Good news- Down payment Assistance programs may still have a chance for revival!.

If you are considering a purchase soon before the changes, go to SunnySpotRealty.net to search all homes for sale available in Cape Coral, Fort Myers, Fort Myers Beach, Bonita Springs and Naples florida.

This search is the best I have found. Compare other searches to mine and Please let me know if you find another that is better and why.

Email me @ Jb@sunnyspotrealty.net
call (239) 770-0686

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Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

September 17, 2008 Posted by sunnyspotrealtynet | Buy in Florida Now?, Cape Coral Florida Loan pitfalls, Fort Myers, How to buy in Cape Coral Fort Myers Florida, Real Estate loans, canal front homes | , , , , , , , , , | No Comments Yet

Foreclosed homes Cape Coral Fl. Sales up! Buyers find deals. Prices going up soon!

Great News for Buyers  

News press reports that Cape Coral, Fort Myers (Lee County) Foreclosures drive sales up %145. An increase of home sales is up says the News Press. Further they report that many more homes will be available next month due to increasing staff for processing foreclosures and the 3 year and 5 year fixed loans going adjustable starting now.

 Bad News for Buyers

Fannie Mae and Freddie Mac has told us that due to so many offers on each home offered for sale as foreclosed properties that there staff is overwhelmed and they will increase the asking prices by some %20. Most offers are way over full price on these foreclosed pool homes, Cape Coral,Fort Myers and Naples homes, and waterfront homes located in Lee County Florida.

Warning!

You should only use a very experienced “Exclusive” buyers agent to be able to effectively deal with the lenders numerous addendums and amendments that their attorneys draft up in their favor, taking away most of the buyers normal rights. I am strongly advising this. With my 26 years as a Realtor and 14 years of core law I am still stressed to deal with these foreclosures addendums and their lack of concern for time tables etc.

If you wish to see what foreclosures are available at super buys, go to http://www.sunnyspotrealty.net/   Search foreclosures.

Joseph Beauvais Hot Spot

Supply is, for now, ample and prices low.

Cape Coral Real Estate

Cape Coral Real Estate

Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

Joseph Beauvais Exclusive Buyers agent

Joseph Beauvais Exclusive Buyers agent

October 25, 2008 Posted by sunnyspotrealtynet | Buy in Florida Now?, Cape Coral Foreclosures, Cape Coral Real Estate, Fort Myers Foreclosure, Real Estate, buyers agent, canal front homes | , , , | No Comments Yet

Cape Coral, Fort Myers Real Esate foreclosure trends

Sympathy for sellers

Competing with lenders selling short sales and foreclosures in Cape Coral and Fort Myers is a daunting task in today’s market. Prices have plummeted to a low I could not have ever imagined.

As a buyer’s agent in Cape Coral and Fort Myers Florida Real Estate market for some 23 years, I have seen most all.

•·         Homes at a steal price with the sellers giving all that they can and losing much and yet the buyers want even more.

•·         I think if the home was free, some would want the taxes paid as well.

•·         Seniors moving into retirement homes needing to sell. Many are not sympathy purchases, as they should be, but rather a opportunity to get a steal from someone in a dire situation.

Buyers please remember to

•1.       Use a buyers agent like Joseph Beauvais owner of Sunny Spot Realty Inc.

•2.       Get comparable sales to justify your offer.

•3.       Have a quality home inspector.

•4.       Check for assessments on Foreclosures or short sales before the offer. MUST.

•5.       Be realistic in your offers. Banks are not going to accept very low offers. They want to recoup some of their losses not give the home away.

Looking for Foreclosures?

Look no further. I have most all of them on my web site for free. No costs to you.

Go to http://www.sunnyspotrealty.net/ and search foreclosures.

Sunny Spot Realty inc Joseph Beauvais

Call Today to find your dream. 239-770-0686

Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

November 3, 2008 Posted by sunnyspotrealtynet | Cape Coral, Cape Coral Foreclosures, Cape Coral Real Estate, Florida, Fort Myers, Fort Myers Foreclosure, Joseph Beauvais, Real Estate, buyers agent, sunny spot realty | , , , , , , , , | No Comments Yet

Foreclosures Must have a buyers agent. Why?Cape Coral Florida

I work as a Buyers agent in Cape Coral, Fort Myers, Naples and Bonita Springs Florida Selling homes.

I have found that the foreclosures in this area have a great deal of misinformation. I even called the listing agents saying, “I am a buyer”. I was told that the assessments are in and paid and the water, sewer and irrigation is in and paid along with the permits, plumbing and hook up. This is a total of around 20,000. I saw no meter box so I called a total of 3 times and the buyer called as well.

We were told it is in and paid. In the mls it is shown as having central water and sewer.

I went on line to check on the property, then called the city. It is all scheduled for 2012. It is not in.

If the buyer went through the listing agent, they most likely have only found out after the closing because it is not a lien.

The mls has a disclaimer that gives an out for the listing agent. “This information is not guaranteed.”

You put money down and buy as is. With only an inspection report to accept or decline as a contingency. Read the fine print. They use the term  “Major defects” instead of “Structural defects”.  Major defects is an up to interpretation term with no case law. The banks attorneys are drafting these documents.

There are no defect disclosures due to the lender not having lived in the home.

All mls information must be verified as well as code violations and zoning discrepancies.

Many require you use their title company. How do you get the deposit back. Time?

I could go on for pages and hours. This is just the tip of the foreclosure market in our area.

Many foreclosure lenders are only paying the listing agent 1%. You get what you pay for.

I would only use a full time buyers agent, sign the single agency form and commit to one agent.

Do your homework first on the buyers agent.

If you do not  use a buyers agent then at least get an attorney.

At no time in my 26 years doing Real Estate is it more important to use a buyers agent.

Call me or email me. Jb@sunnyspotrealty.net (239)770-0686

Web site http://www.sunnyspotrealty.net/

Joseph Beauvais

 

 

 

Joseph Beauvais

Joseph Beauvais

 

Cape Coral Real Estate
Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

 

 

November 11, 2008 Posted by sunnyspotrealtynet | Buy in Florida Now?, Cape Coral Forclosed homes, Cape Coral Real Estate, Real Estate, sunny spot realty | , , , , , , , , | No Comments Yet

Buying a Foreclosure! The process in Cape Coral Real Estate

Do not jump into panic buying of a Foreclosure in Cape Coral or anywhere.

•1.       Foreclosures are not always the best deals.

•2.       Search for all meeting your criteria. Including bank approved short sales.

•3.       Foreclosed home in our area of dealing with Cape Coral Real Estate are plentiful.

•4.       Foreclosures are bank owned and sold “AS IS”.

•5.       You must use an” as is” contract, Far Bar. “filled out and signed in Blue ink”

•6.       They are selling for full price and above.

•7.       You have the right to an inspection of the home

•8.       This inspection addendum is drafted by their attorneys, sometime using an ambiguous term “major defects” instead of “structural defects”.

•9.       You usually need to prequalify with their lender and use their title company.

•10.   You may use your own lender to purchase.

•11.   All MLS data is not guaranteed and I have found to be wrong in major areas. Realtor.com is an extension of MLS data.

•12.   You need a percentage down on the offer which varies based on the price.

•13.   If you are a cash buyer you must present proof of funds in your account with offers.

•14.   Your buyers agent must check all details which may or may not be apparent. Code violations, assessments future and present, zoning for the home and surrounding areas.

•15.   You may be told there are multiple offers on the property which may or may not be true.

You are delving into an area where the odds are in the lender (owners) favor.

You should use only a full time buyers agent  that does not take listings and you sign a single agency form agreement.
At the very least have an attorney review.
This is not for anyone wanting to steal a home without the assistance of a very very good Buyers agent.
You must be very careful and do your homework.

Want to read more?
Cape Coral Foreclosures

presented by Joseph Beuvais, Sunny Spot Realty Inc.

Sunny Spot Realty inc Joseph Beauvais

 

Cape Coral Real Estate – Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

November 12, 2008 Posted by sunnyspotrealtynet | Cape Coral Forclosed homes, Cape Coral Foreclosures, Cape Coral Real Estate, Fort Myers, Fort Myers Foreclosure, Joseph Beauvais, Real Estate, sunny spot realty | , , , , , | No Comments Yet

The number 1 reason some buyers are not buying Cape Coral Real Estate right now!

#1   They think the market has not bottomed out yet.

Are they right?

  1. Perhaps they are.
  2. Perhaps not.

Is it worth the wait?

How can it cost me money if I wait?

How savvy investors look at it! What they look for.

  1. Low interest rates. As the market improves, interest rates go up. They have already gone up 1%. How much will that cost. Ask your lender. Not hundreds but many thousands.
  2. They look for a large supply to get the best home out of many. Now is the time.
  3. When there are a large number of homes for sale, sellers are in completion with other homes. Their Realtors let them know. They are more apt to consider an offer during high competition.
  4. True the investor knows that they may offer on homes that are priced slightly higher but they can get a really nice home for a bargain and negotiate the price while market conditions are right.
  5. An investor knows that waiting for the bottom is like trying to gaze into a crystal ball. It is a big gamble.
  6. The right home at the right price is what investors are after.

To sum it up!

Waiting until the elusive market bottoms out severely narrows the number of homes available. What is left is what home buyers do not want. You want a great home at a great price. Right?. Waiting narrows opportunities. The interest rates rise costing thousands. An offer can be made now equaling the possible lower market value in the future. If foreign investors, the exchange rate will rise costing a fortune. Investors know the news is usually many months behind the market conditions. They contact an Exclusive buyers agent that is savvy with how to help investors.

Be a savvy investor today!

Cape Coral Real Estate Search thousands of Cape Coral, Bonita Springs, Naples & Ft Myers homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County.

Exclusive Buyers agent cape coral  Call me Today! 239-770-0686 Email Jb@sunnyspotrealty.net Visit website http://www.sunnyspotrealty.net/

Sunny Spot Realty Inc. Cape Coral Real Esate Exclusive buyers agents

Sunny Spot Realty Inc. Cape Coral Real Esate Exclusive buyers agents

June 25, 2009 Posted by sunnyspotrealtynet | Cape Coral Real Estate | , , | No Comments Yet

Offers made to lenders on Cape Coral Florida Foreclosures. Submitted or not?

Did this ever happen to you?

  1. Priced @ 77k foreclosed home.
  2. Made an 92k offer, cash, no contingencies except inspection, close 30 days.
  3. Offer rejected by listing agent, no reason.
  4. See later: sales price lower than your offer.

What could have happened?

This is totally unethical and possibly illegal but……
The listing agent could have his own offer from a buyer he obtained,which would earn him or her double the commission by not having to split it with another agent.

The rules are wrong and stacked in the favor of the dishonest few!

The Florida Real Estate Commission has a rule that another agent may not contact the seller nor demand a rejection in writing or reason for the rejection. Wow! That means we must trust all agents to be totally honest and not swayed by getting another 15k on a 500k home by misplacing another offer.
I spoke with a mortgage broker that told me on occasion he was aware of other offers not presented to the owner by the listing agent.
Bidselect.com has the answer. Not all are using this method. They should for all offers.

How can you protect your client as a Buyers Agent?

Until F.R.E.C. is enlightened and banks are aware, we can do only one effective thing.
On the offer, put “Buyer shall call the seller directly should this offer not become an executed contract to obtain and verify the reason(s).”

This will do four things;

  1. Put the listing agent on notice that the buyer will call the owner.
  2. Should the lender find out the listing agent is not submitting the highest and best offer, he will lose all foreclosed listings.
  3. The lender will become aware of this potential issue.
  4. Enhance your value as a buyers agent.

Don’t stop there. Get the information on the seller and  have the buyer call. After all, it is only right. Get the Florida Real Estate Commission to change the rules. When the seller accepts an offer they must sign. Why not rejection with reason(s) and signatures?

*disclaimer
Only a very few agents are doing this. I deplore their ethics and would like them to lose their license. I do not wish to create a panic that every offer is treated this way. These are rare occurrences that brings our industry down to a level that is not even near acceptable.
I am not as rich as they are but I am honest and proud of it. You can read about me >  Joseph Beauvais

You are welcome to visit my web site for Exclusive Buyers agents. Cape Coral Real Estate .

Please help by writing F.R.E.C. and adding this little extra on all offers so I am not the only one making sure my offer is submitted.

This is not unique to Cape Coral Florida Real Estate Foreclosure homes. Search Blogs for this occurance.

 

Has this happened to you?
(polls)

Joseph BeauvaisSunny Spot Realty Inc.

Sunny Spot Realty Inc.

Joseph Beauvais

Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples, Captiva, Sanibel & Ft Myers or Fort Myers beach homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County Florida. Cape Coral Foreclosures

March 23, 2009 Posted by sunnyspotrealtynet | Cape Coral Forclosed homes, Cape Coral Foreclosures, Cape Coral Real Estate, Florida, Fort Myers Foreclosure, How to buy in Cape Coral Fort Myers Florida, Joseph Beauvais, Real Estate, Realtor Agency relationships, buyers agent | , , , , , , , , , | No Comments Yet

Foreclosures Cape Coral Florida Real Estate 1 home 45 offers.

Talk about a hot market.

We put in an offer on 2115 SW 48th ter in Cape Coral Florida. This was a foreclosure on the market only 4 days.

My client put in an offer of 5k over asking price, cash, close in 30 day. Had proof of funds and put 5k money order down with an additional 5k in a few days. No contingencies except for an inspection.

The listing agent informed us that there were 45 offers on this home.

It was only on the market 5 days.

Yesterday we received notice that a better offer was accepted.

If you are considering waiting for a while to purchase the best deals, Don’t.

The bottom of Cape Coral Florida Real Estate market has hit and gone. It is on the increase.

As an Exclusive Buyers’ agent for this area I can still find you super deal but you must act fast and be prepared.

  1. Get prequalified for a loan in writing and within 60 days. (I can help!)
  2. Or, if cash, bring a (30 day) bank statement of funds in your account.
  3. Bring cash or money order for 5,000 “not personal check” for down payment.
  4. Be prepared to offer way over asking price on foreclosures that we find as the best deals.
  5. Contact Sunny Spot Realty team for Exclusive buyers’ agents services.

You cannot expect part time agents or listing agents to get you a steal, write a letter perfect “legal” offer that bank attorneys will accept.
Believe me, you had better contact us now or lose out on the best opportunities in your life.

Why?

  1. Supply is large. Choices are plentiful.
  2. Demand verses supply is still low.
  3. Interest rates still at their lowest since 1971.
  4. Prices are at the lowest I have seen in my long career.

I do not want you to have regrets because you did not listen. If you are even considering a purchase in the next 5 years, act today!

Call or email to set up an appointment with me or the other 4 Exclusive buyers agents.

(239) 770-0686. Email JB@sunnyspotrealty.net, 

Web site to search Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples, Captiva, Sanibel & Ft Myers or Fort Myers beach homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County Florida. www.sunnyspotrealty.net

Your Exclusive Buyers agents source

Your Exclusive Buyers' agents sourceCape Coral Florida Real Esate

March 12, 2009 Posted by sunnyspotrealtynet | Buy in Florida Now?, Cape Coral, Cape Coral Forclosed homes, Cape Coral Foreclosures, Cape Coral Real Estate, Florida, How to buy in Cape Coral Fort Myers Florida, Joseph Beauvais, Real Estate, Realtor Agency relationships, monthly sales, sunny spot realty | , , , | No Comments Yet

Fannie Mae, Freddie Mac will up it foreclosure asking price by 20% in Lee County Florida due to multiple offers thousands over…..

Yes folks, as I have be stating, Fannie Mae, Freddie Mac have informed (unofficially) that in Lee County Florida to include;

Alva, Boca Grande, Bokeelia, Bonita Springs, Captiva, Cape Coral, Estero, Fort Myers (County Seat), Fort Myers Beach, Fort Myers Shores, Fort Myers Villas, Lehigh Acres, North Fort Myers, Page Park, Pine Island Center, Punta Rassa, Sanibel, San Carlos Park, St. James City, Tice, Waterway Estates, Lehigh acres, Estero and more

Will be increasing the asking prices of their foreclosed homes by some20% for all new listings due to so many offers submitted on each home with offers of thousands over the asking prices in this bidding war.
This is to lower the burden of processors getting overloaded with offers and responses.
It will be a test to see where the offers level out and stabilize. Prices could go higher or they may decided that a lesser amount increase of only 15% is warranted and subject to review.

This is only the beginning here in Cape Coral, Fort Myers, Bonita Springs and Naples areas I service.

All of the rest of the lenders selling foreclosures will very soon follow suit.

If you have been waiting for our market to bottom out, “you have missed the bottom”.

I have warned my clients as an Exclusive Buyers agent over and over not to wait.

What will you wait for next? Interest rates to rise?

That is next.

If you are now ready, you may still get a steal. “You cannot steal in slow motion.”
We have some 68 buyers we are working with now, first come first served by my staff of Exclusive buyers agents.

Contact Joseph Beauvais (239) 770-0686 yesterday!
Web site http://www.sunnyspotrealty.net/
You may search yourself but this is wasting time.
Email: Jb@sunnyspotrealty.net

Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples, Captiva, Sanibel & Ft Myers or Fort Myers beach homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County Florida. Cape Coral Foreclosures

February 25, 2009 Posted by sunnyspotrealtynet | Buy in Florida Now?, Cape Coral, Cape Coral Forclosed homes, Cape Coral Foreclosures, Cape Coral Real Estate, Florida, Fort Myers, Fort Myers Foreclosure, Joseph Beauvais, Real Estate, Real Estate loans, buyers agent, sunny spot realty | , , , , , , , , , , , | No Comments Yet

The recently passed Economic Stimulus Plan. Done Deal! GREAT news…

The recently passed Economic Stimulus Plan. Done Deal! GREAT news…

You might be thinking that there is already a Home Buyer Tax Credit in effect; it helped some, but not all that much. Yep. But take a look at the reasons why this newer version is much more buyer-friendly than the one that took effect last July (’08).

* The NEW tax credit is for $8,000. (Before it was for $7500.)

* The NEW tax credit is available for home purchases made between 1/1/09 thru 11/30/09. (Before it was 4/9/08 thru 6/30/09.)

* This is a GREAT benefit… The NEW tax credit has NO repayment requirement! (Before the homeowner paid back $500/yr for 15 years, i.e., full payback.)

* The NEW tax credit has a 3-year recapture requirement (if the home is sold within 3 years). (Before if the home sold within the 15-year repayment period, the outstanding was recaptured on sale.)

* The NEW tax credit allows for MRBs… bond loans. (Before there was NO credit for state/local bond funding.)

THERE are five good reasons to “talk the NEW Homebuyer Tax Credit up” it’s improved, and it’s NOW. Not all that familiar with the overall tax credit to begin with? Here are bullet points:

* The dollar amount of the credit is actually 10% of the purchase price, up to a max credit of $8,000. (Ex: $72,000 purchase price = $7,200 tax credit.)

* The credit is available for principal residences only (owner occupied).

* The credit is available to first time homebuyers — note that the definition of a first time HB is a purchaser (and purchaser’s spouse) who has not owned a principal residence in three years previous to purchase. Owning a second home(s) or an investment property(s) does not disqualify a person as long as the principal residence rule is intact.

* There are income limits — To receive full credit the max AGI (adjusted gross income) for individuals is $75K; for joint returns it’s $150K. There is a phase out above those caps.

* Any house, anywhere — new/old, cheap/expensive, REO/short sale/regular, a manufactured or a hi-rise — if the buyer is “eligible”, the credit is there.

Now, the best part about this is that this is an actual tax CREDIT — it’s not a tax DEDUCTION!!! As such, this is a dollar-for-dollar tax REDUCTION — the buyer’s tax liability for the year of purchase may be reduced, eliminated, OR he/she might even receive a “refund”. (Example: The Purchaser is eligible for the full $8,000 credit; he/she has a total tax liability of $2700; the $2700 wipes to -0-, and the purchaser will receive a refund of $5,300 from the filed tax return.) Money INTO the pocket BECAUSE it was bought….. Likely at a great price; likely at a great rate; likely with a PITI that competes loudly with renting.

Stay tuned for March 4th for the final “details” on many of the 2009 Stimulus plans and beyond that for some interpretation and decisions on how it will all work.

 

Present by Joseph Beauvais

Sunny Spot Realty inc. Web site http://www.sunnyspotrealty.net/

Click.  Exclusive Buyers agent “about”

Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples, Captiva, Sanibel & Ft Myers or Fort Myers beach homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County Florida.

February 24, 2009 Posted by sunnyspotrealtynet | Buy in Florida Now?, Cape Coral, Cape Coral Florida Loan pitfalls, Cape Coral Forclosed homes, Cape Coral Foreclosures, Cape Coral Real Estate, Cape Coral Short sales, Florida, Fort Myers, Fort Myers Foreclosure, How to buy in Cape Coral Fort Myers Florida, Joseph Beauvais, Real Estate, Real Estate loans, canal front homes, sunny spot realty | , , , , , , , , , , , , , , , , , , , , , , , , , , | No Comments Yet

Cape Coral Real Estate News Flash update Florida Fort Myers, Bonita Springs & Naples

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Article:

Cape Coral Real Estate & surrounding area market conditions are starting to be very hot. Homes in demand are the newer ones priced around 79,000. Pool homes could be found at this price very newish. Now pool homes built after 2005 are seing a rise in price. Few brand new homes are selling due to the cost of building materials being higher than the existing homes that are at, near of foreclosures. You can buy foreclosed brand new homes now at prices you will never see again.
Cape Coral seems to be the hottest market in low end properties between 60,000 to 300,000.
Salt water font home have the best potential for appreciation very soon due to supply and demand
Reason; you cannot build any more salt water canals. “supply and demand”

Condominiums are 2nd in demand under residential homes that are #1 for selling. Last in demand is vacant land. This is always the case. Builders not building, land will not sell well. This is the best opportunity for long term investments “vacant salt water land”. Another is fresh water land that has a lower acquisition price and also lower appreciation. Both have near no maintence or care needed except for taxes and mowing

Mortages are down and the lowest since 1971.(around 5% depending on credit scores etc.) Banks are still very tight with loans and this is the biggest obsticle with buyers.

The present market conditions are very favorable for buyers. Interest rates at their expected lowest rates. Demand is still fairly low and supply is high. These conditions combined are the best possible to find a home at a price not to believe.

In 4 to 5 years from now a buyer will realize that this was the best investment they have made in their lives. Conclusion: Buy now - Cape Coral Real Estate is HOT HOT HOT!

Cape Coral, Fort Myers, Fort Myers beach, and Bonita Springs Florida Real Estate market conditions and stats as of 1-18-09

4,599 residential properties for sale in Cape Coral
524 foreclosed homes offered by Realtors
2,102 of these are short sales.
104 Bank approved short sales
310 Pending sales since 1-1-09 residential properties

5,772 residential properties for sale in Fort Myers
470 foreclosed homes offered by Realtors
1,379 of these are short sales.
51 Bank approved short sales
206 Pending sales since 1-1-09 residential properties

527 residential properties for sale in Bonita Springs
70
foreclosed homes offered by Realtors
80 of these are short sales.
3 Bank approved short sales
13 Pending sales since 1-1-09 residential properties

718 residential properties for sale in Fort Myers Beach
4
foreclosed homes offered by Realtors
20 of these are short sales
0 Bank approved short sales
14 Pending sales since 1-1-09 residential properties

146% increase in sales for this past month.

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January 27, 2009 Posted by sunnyspotrealtynet | Buy in Florida Now?, Cape Coral, Cape Coral Forclosed homes, Cape Coral Foreclosures, Cape Coral Real Estate, buyers agent, canal front homes | , , , , , , | No Comments Yet

Buying Foreclosures, WARNINGS! Not just for Cape Coral Real Estate but Florida and more.

Buying a foreclosure

Boy are you in trouble if you try to buy a foreclosure by yourself Why?

1.     The listing agent puts the property and details in the Multiple Listing service and it will populate to Realtor.com automatically. This information is deemed reliable but not guaranteed. What can you trust?

2.     I saw where the owner (bank) will pay document stamps (.70 per hundred and title insurance for the buyer. We put in the offer considering the 3,000 concession the lender will make.

3.     I was told, after the offer, by the listing agent that the lender has an addendum that must be included.

4.     After I, (exclusive buyers agent) read the 7 page addendum drawn up by the lenders attorneys. (whew!) I saw that this addendum supersedes all parts of the typed or hand written offer.

5.     The addendum is quite detailed and takes away many rights of the buyers. It is like a trick to get an offer and then countermand what the agent put forth in the MLS. The offer may be accepted and signed subject to you accepting this addendum. (pressure)

6.     You either accept the addendum or not.

7.     You most likely will not find out their is an addendum until after you put in the offer.

8.     Each Bank or lender has there own types of addendums and contract.

9.     Some addendums use ambiguous terms like major defects instead of structural defects.

I could go on for an hour or so but the point is “Never try this alone or with anyone other than a very experienced detail orientated “Exclusive” buyers agent or a very good Real Estate attorney.

Heed my advice or else - $$$$$

Joseph Beauvais is an Exclusive Buyers agent! Read about agency, http://www.sunnyspotrealty.net/BuyersagentFlorida

Read about buying foreclosures,

http://www.sunnyspotrealty.net/BuyingForeclosures/REOs

Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples, Captiva, Sanibel & Ft Myers or Fort Myers beach homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County Florida.

January 7, 2009 Posted by sunnyspotrealtynet | Buy in Florida Now?, Cape Coral, Cape Coral Foreclosures, Fort Myers Foreclosure, buyers agent, canal front homes | , , , , , , , , , , , , , | No Comments Yet

Cape Coral Foreclosure or short sales. Great info. News Press article.

Cape Coral Fl Real Estate Joseph Beauvais

Cape Coral Fl Real Estate Joseph Beauvais

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Short sale or foreclosure: Are they worth it?

Nothing easy about buying home owned, sold by bank

By JL Watson • jlwatson@news-press.com • December 13, 2008

Bargains are tempting – a house that sold for $200,000 is on sale for less than half price. Buyers who couldn’t afford a small house two years ago can now afford a three-bedroom, two-bath house with a two-car garage. Some even include a pool and canal view.

 

For buyers with cash to spend, now may be the right time to own a piece of Cape Coral. The cost, though, is tough to swallow for homeowners who are barely holding on to a mortgage that eats away at their budget. Cape Coral is part of a nationwide trend where the number of foreclosures and short sales are common and sales are sluggish.

The first step for homeowners who are sliding backward, unable to make full or partial payments, is to pick up the phone, Joseph Beauvais said.

Beauvais is a Cape Coral Realtor and owner of Sunny Spot Realty, and works as a buyer’s agent. He does not list property for sale, but works exclusively with buyers to find the best deal.

“The first thing to do is try to negotiate with the lender,” Beauvais said. “There are other avenues.”

Renegotiating the loan to a fixed rate for a 30- or 40-year loan may help lower payments enough for the homeowner to make the payments. If that doesn’t work, sellers can list the house for less than the amount they paid. The result is a short sale, but the process takes a level of commitment and negotiation with the lender that requires time.

“You have to be careful with a short sale,” Beauvais warned.

Not all lenders will approve a buyer’s offer to pay less for the house than the current mortgage. Both buyers and sellers have an economic stake in a short sale. Sellers may be required to pay back a tax lien they took on an equity line of credit.

Buyers who don’t do their homework may end up with additional costs that they hadn’t counted on. For example, if a buyer in Cape Coral purchases a house that is not on city utilities, the reality of a future bill of several thousand dollars for the utility expansion project may come as a shock. Buyers need to ask questions about the property they want to purchase.

Homes that end up as foreclosures offer another set of potential problems. Some have sat empty for months, with no one to keep up the maintenance on the structure or the yard. By the time the house winds its way through the foreclosure process and into the hands of a Realtor, it can have real problems, problems that don’t show up in a regular Realtor listing.

“Agents have to make sure it’s up to code,” Beauvais said.

Beauvais had a client who was interested in a house that had city utilities listed as part of the attractive selling points.

“This area doesn’t have water and sewer,” Beauvais said.

Beauvais went to the home and discovered that the house is still on a septic system. When he looked up the address for the utilities expansion project, he found out that the property isn’t due for city utilities until 2012.

“If a buyer didn’t use a buyer’s agent, they may not find that out at the closing,” he said.

Beauvais also cautioned buyers about getting emotionally involved in the purchase of a foreclosed home.

“Don’t get into a buying frenzy,” he said. “That house could have liens, code violations and future assessments. If you don’t know that, when you close on the house – without title insurance, you could be liable for it.”

Buying a foreclosed or short sale home is not for the faint of heart, according to Rob Sharpe. Sharpe is a senior loan officer with Tomasso Mortgage in Cape Coral and has helped homeowners purchase homes at bargain-basement prices. He advises customers to exercise patience when dealing with the current market.

“It can take a long, long time to close,” Sharpe said.

Months, in fact. One home still in the short sale process that began in July has yet to close.

“Less than 2 percent of short sales are closing,” he said. “Lenders are reluctant to take a hit; take a reduced price.”

That means a potential buyer puts in an offer, then has to wait until the bank accepts or rejects the offer. If the bank rejects the offer, the lender involved does not put forth a counter offer. The buyer does not know if their offer was near the amount the bank wanted for the property or if the offer will be rejected again. In a traditional sale buyers and sellers can make an offer, then counter offer until meeting a middle ground. Banks do not engage in the back-and-forth negotiation process.

“A foreclosure is better than a short sale because the lender knows what he’s out,” Sharpe said. “He knows the property is depreciating daily. It’s more definitive with a foreclosure.”

Banks also want to expedite the process quicker on a foreclosed home because they want to recoup the loss and move on, Sharpe said.

“They want to get nonperforming assets off their books,” he said.

Scott DiGregorio works as a mortgage expert with Fort Myers-based First Capital Lending Corporation. DiGregorio said that while the foreclosure crisis has hit many families in the pocket book, it has helped other families in unexpected ways.

“My typical client is a first-time homebuyer who never thought they could afford a home,” DiGregorio said.

Now, it’s not uncommon for DiGregorio to find a home for a client that has a mortgage payment, including taxes and insurance, of less than $1,000 per month.

Most of the homes his clients end up in are someone else’s foreclosure.

“They’re mostly foreclosures because that’s what’s out there,” he said.

DiGregorio said that he believes that there is potential for more buyers to come forward.

“I think there are a lot of people out there who could buy a house who aren’t because they’re intimidated,” he said.

DiGregorio said he encourages buyers to work with an agent who knows the potential pitfalls along the way.

“You don’t pay a buyer’s agent,” he said. “They really help you dodge the bullets of what’s out there.”

The good news for homeowners who have lost their homes to a foreclosure is that they can start again. The Federal Housing Administration (FHA) allows foreclosed homeowners to apply for a new loan after a period of two to three years if they have re-established credit. Other types of loans may require a longer waiting period, but will consider another loan in the future.

Despite the rough patches in the road, Beauvais isn’t discouraging buyers from taking a chance on an foreclosed or short sale home.

“But there are some good deals if you do your homework. I’m not talking, stay away. Just be cautious.”

In your voice

Read reactions to this story

User Image
I thank the News press and J.L. Watson for this educational article.
Similar to an auction, foreclosures can be exciting when you see many buyers looking at the homes. Do not be enticed by the frenzy created to jump into a purchase offer without an “Exclusive” buyers agents help. While you may miss a deal or two, a mistake can cost you thousands of dollars.
Have Joseph Beauvais check to see if:
any improvements have been permitted
check zoning for surrounding vacant lots.
Check and re-check utilities and make sure they are in and paid.
Short sales, unless “bank approved” have not been authorized by the lender and offers probably will be rejected by the lender without a counter offer. Many weeks wasted.
All in all a home purchase is a big decision. Why not have an “exclusive” buyers’ agent that normally is paid by the seller, I work to prevent financial headaches now and in the future? Not sure? Visit: http://www.sunnyspotrealty.net/BuyersagentFlorida
 
Banks attorneys are drafting addendums etc using their attorneys to protect them.
Use a very good experienced Buyers’ agent like Joseph Beauvais or at least an attorney.
One gotcha! Inspection addendum. “major defects” termology instead of structural defects. Ask me why and how it could cost you dearly.

 

Cape Coral Fl Real Estate Joseph Beauvais

Cape Coral Fl Real Estate Joseph Beauvais

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Sunny Spot Realty inc Cape Coral Real Estate
Call me Now! (239) 770-0686 Email; Jb@sunnyspotrealty.net

Sunny Spot Realty inc Cape Coral Real Estate

Cape Coral Real Estate

Cape Coral Real Estate. Search thousands of Cape Coral, Bonita Springs, Naples, Captiva, Sanibel & Ft Myers or Fort Myers beach homes for sale with our Free MLS Search. We have the Largest list of homes for sale in Lee County Florida.

December 16, 2008 Posted by sunnyspotrealtynet | Cape Coral, Cape Coral Forclosed homes, Cape Coral Short sales, Florida, buyers agent | , , , , , , , , , | No Comments Yet