There are many options when it comes to foreclosures in our area. There are single family homes in Cape Coral that are priced as low as the $50,000 range and on the high end can go upwards of a million dollars. There are also homes in Fort Myers and Lehigh Acres that can be bought for as low as in the $30,000 – $40,000 range. There are also many multi-family duplex properties for sale in the same area, I have saw these priced in the $50,000 range also.
There are literally thousands of these type of homes available with more coming on the market each day. Buyers are here in bulk buying these homes. The market in Cape Coral is very hot at this time. It is not uncommon to see multiple offer situations on properties that are priced well and in good condition. A suggestion that we give our buyers when we see a home that is in great shape and priced well is to offer the best that they want to offer the first time and to write a nice clean contract with limited contingencies and quick inspection periods. We also suggest that they put down a sizable deposit when dealing with the banks as this seems to be one of the key factors when buying REO properties.
A couple of homes that we put under contract last week for buyers working with us were as follows:
Cape Coral 3 Bed 2 Bath home with just under 1700 sq foot, built in 2006 in very good condition. This home was located on a 100 foot wide fresh water canal. It was bank owned and came on the market last Thursday morning. We put our best offer in and were told by the listing agent they had multiple offers ( 18 to be exact ). We got the home for $75,000 – Wow what a deal!
Another home was a 3 Bed 2 Bath pool home built in 2007 with about 1500 sq ft. and never lived in. It was brand new and located in Cape Coral. Our client bought this home for $98,000. Imagine that!!!! That home would have sold a couple years ago for well over $300,000.
There are many other deals just like these to be had.
Remember, We are a team of full time real estate agents ready to help you find exactly what your looking for and get that at the best possible price.
Always call LaGace & Whitt Partners for all of your Real Estate needs.