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 sourceCape Coral Florida Real Esate

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

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.

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 2^nd 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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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.

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

 

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.

 

 

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. 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

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.

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.

                          

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.

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

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.