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Search Condo Short Sale Waterfront
Waterfront homes and condominiums in Estero, Fort Myers Beach, Bonita Springs, Naples, and Marco Island Florida.
Short Sale and Foreclosure waterfront property is available at great savings right now.
Waterfront property on the canals, back bays, and Gulf of Mexico many with boat docks and deep water access. This IS the BOTTOM, do NOT miss out, some areas are going up with property selling in a week and some with multiple offers coming in on them.
Enjoy some of the best fishing, boating and cruising waters in the country are found in our area of the state.
SW Florida offers a great location to Naples and Fort Myers with a short commute to the new International Airport.
Shopping at some of the many Outlet Malls and boutique style shops offer a great day of savings and some very fine dining at one of our many restaurants.
Search Waterfront single family homes
Waterfront Short Sale and Foreclosure property is available in Estero, Fort Myers Beach, Bonita Springs, Naples, Marco Island, Isles of Capri, Sanibel, Captiva Islands.
Foreclosure property usually gets a faster response from lenders to serious offers from qualified buyers. Here is what you will need to submit an offer on any MLS property in SW Florida.
As Is Contract
Proof of Funds Letter- on cash sales
Lender Pre Qualification Letter- on mortgage offers
Deposit Receipt of Funds-with ALL contracts
Sellers and Realtors will not even consider verbal offers and banks, lenders and REO property MUST have written contracts with deposits BEFORE they will be submitted.
Short Sales take anywhere from 3 to 5 months to close and can take 3 months just to get an answer from the lender on the offer you made. Be sure that you are ready for the long wait and no responses which can be frustrating.
Work with a Realtor that has experience and can walk you through the entire procedure.
ALSO remember that many NON short sale waterfront properties are now priced to sell without the hassle or lack of response from lenders
Buyer Broker Agent Representation
www.glenbigness.com
is the buzz word being used by savvy real estate Buyers who are looking for a hot deal in the current Buyer’s market. You have seen them….properties advertised with a price that seems too good be true, and considerably lower than comparable properties even in the same neighborhood. Are SHORT SALE really a good deal, and how do you go about purchasing one of these properties? It is not always as simple as you are led to believe, but with the proper tools, you can purchase a quality SHORT SALE property well below market value.
community through the MULTIPLE LISTING SERVICE, and are not readily available to the general public.www.glenbigness.com
If you are a Seller who finds yourself in a possible SHORT SALE situation, it is absolutely essential that you utilize the services of a REALTOR who is experienced in Short Sales.
Regardless of if you are buying or selling a SHORT SALE property, a Realtor with experience in short sales will help to expedite your transaction and protect your interests. You don't want to miss any important detail due to inexperience or find out your transaction is not going to close on time because no one has followed up in a timely manner.
You can't just decide you're going to sell your home at a loss by asking your lender for a short sale, and expect them to readily agree. Lenders will more than likely not consider a SHORT SALE if your payments are current. Sellers need to provide a hardship letter to the lender. Sellers may also owe taxes on the amount of debt that is forgiven.
After the seller has accepted your offer, your REALTOR will send it to the lender for approval. Keep in mind that, even though the Seller has accepted the offer, the contract is not valid until it is accepted by the Lender. The lender will review the offer in detail and will schedule a Broker’s Price Opinion (BPO) which is a sort of abbreviated appraisal, comparing this property with other comparable properties that have recently sold or are currently for sale.
A very important notion to keep in mind is that the SHORT SALE process takes a considerable amount of time. Depending on the details of the situation, a Short Sale will typically take much longer than a traditional sale, because of all the added steps involved in the process. Be patient, and let your Realtor make sure all the important details are taken care of.
Most mortgage companies will agree that sellers will take a bigger hit on their credit score by going through foreclosure versus a short sale. The effect on credit will show up as a pre-foreclosure in redemption status, which will result in a loss of 80 to100 points on the FICO score versus 250 – 280 points with a foreclosure.
If you're a SELLER trying to decide whether to let a home go through foreclosure versus attempting a short sale, salvaging your credit is the main advantage to doing a short sale. Always seek legal and tax advice before making any decision regarding a short sale. Always consult an experienced Realtor when thinking of buying or selling a short sale property.
Glen Bigness P.A. is a Realtor of 20 years with varied and wide range of experience. Headquartered in Naples Florida with real estate operations soon coming to NY serving the Adirondack region. Mr. Bigness is an experienced agent and representative to those savvy buyers and sellers of fine Florida property in SW Florida including Naples, Marco Island, Bonita Springs, Estero Island, Captive Island, Sanibel Island, Fort Myers Beach and Fort Myers. Choose wisely when interviewing a professional real estate advisor and select a Realtor that you can work comfortably with for years to come as you would any financial professional such as your accountant, investment broker and anyone who may assist you in creating and protecting wealth in your portfolio.
Isellnaplesfl@onebox.com
Glen Bigness P.A., Realtor
Toll Free 866-848-2194
Direct 239-272-4663
PO Box 2823 Naples FL 34106
About The Author
Glen Bigness
Foreclosure vs. Short Sale
Timing Is Everything
Submitting Your Offer to The Lender
SHORT SALE
What is a Short Sale?
As a general rule, the seller will need to be in default on their mortgage and must have stopped making mortgage payments, before a lender will consider a short sale.
Always Hire a Realtor That Has Experience With Short Sales
A REALTOR experienced with Short Sales can help you find properties that are being sold as Short Sales. Often these properties are only advertised as Short Sales to the REALTORA SHORT SALE means the seller's lender is accepting less than the mortgage balance to release an existing mortgage. Just because a property is listed with SHORT SALE terms does not mean the lender will accept your offer, even if the seller accepts it. Lender acceptance may depend on several elements of your offer as well such as the percentage of your down payment, closing date, other negotiated terms, and possibly whether or not you are pre-approved for a mortgage.
Short Sales Can Be a Benefit to Both Buyers and Sellers, But Not For The Beginner Investor to take on Alone…
By Glen Bigness, Realtor
* Please do NOT contact this lister about other services, products or commercial interests.
