Saturday, November 28, 2009

Sold another one!!!

This is a 2/2 in Victoria lakes and NOT distressed property.

Tuesday, November 24, 2009

Just Sold Another One!!!

3/2 Foreclosure in Bonita Springs, it's a great deal!

Monday, November 23, 2009

Full Price Offer-Financed-Great credit

They took a cash offer for less. 60 days later it's back on the market. I guess we'll make another run.

Friday, November 20, 2009

Full price, cash, close in 2 weeks..Day 2

Ring...Ring...Click..Ckick, still no response. If you homesellers only knew how difficult some listing agents make it to show a home, even make an offer. Hint if your agent is slow or doesn't return your calls and emails, they aren't returning mine either. Little things like "can I show your home" or " I have an offer I'd like to discuss" go without a response so I have to show my buyers another property.

Thursday, November 19, 2009

Full Price Offer, Cash, Close in two weeks

Hello.........................................Hello................................You think it would at least get a response. It always will from me.

A very well priced condo

I went to look at this unit this morning, intending to make an offer if it was not damaged. There had been a showing yesterday, that agent was putting in an offer and the key was missing. Coincidence????? Anyhow, I've let the listing agent know that I can produce a cash offer by this afternoon. He is running around trying to get a key so I can show it.

Wednesday, November 18, 2009

The Iceberg

Foreclosures are like an iceberg. we are seeing them trickled onto the market but I think that there are 10 times as many waiting. The banks don't want to ruin the housing recovery by flooding the market with distressed property.

Thursday, November 12, 2009

HOA Dues-How High is Too High?

I'm noticing that the neighborhoods with lower HOA dues are much more in demand. In the condo market propeties with really high dues are selling at a discount. It looks like buyers are trying to make up the monthly difference by offering less on the propereties.

Wednesday, November 11, 2009

Naples Home Sales Market News

38 Homes sold yesterday in the Naples area, 9 over $300K and 16 under $150K. It's still a bargain hunters market.

Tuesday, November 10, 2009

New twist on a short sale

Preapproved short sale. Buyer walked after approval. Do you think that it means the buyer walked? I guess not. I bring an offer and find out that maybe the buyer isn't sure that they walked. They might still want the place but can't gaurentee that they still want the place. Huh?

Monday, November 9, 2009

Preapproved short sale ?

We will soon find out just what that means. I just submitted an offer on one.

Sunday, November 8, 2009

Red Light Cameras

Watch out in Naples anywhere near Airport Rd. I just got nabbed, $125 for a rolling right on red. OUCH. I sit at the intersections and watch the flashes. Somebody is raking it in. Unfortunately its not the city and county but a company in Arizona taking the lions share.

Saturday, November 7, 2009

Garages turned into bedrooms

That was the theme of today's foreclosure trot. We hit a whoppinh 4 of 5 or 80%. I don't even want to think of the permit situation.

Friday, November 6, 2009

Foreclosures and Short Sales

That's what I'm showing tomorrow, from 60K to $115. Five different Short Sales, Preapproved Short Sales and Foreclosures. I like to think of it as five small adventures.

Thursday, November 5, 2009

Definition of a short sale

3 months of no information, followed by no information. A coworker had someone call him the other day "We're ready to move on your short sale now". It had been so long, over 9 months, that he didn't even know he was in a short sale.

Wednesday, November 4, 2009

Beachfront Foreclosure $134,9K

It's 500sq ft of across the road from the beach love. A FNMA foreclosure so the first 15days are for owner occupied purchase only. They will even loan for 3% down.

Tuesday, November 3, 2009

Naples Park Foreclosure

I went to look at it for an investor. $175K. It was the cleanest foreclosure I've been in, ready to rent and a great bargain. Well, three cash offers over the listing price later and I'll just keep on looking.

Monday, November 2, 2009

Find that leak...

It's the new foreclosure game. You see the water damage, smell the mold. Your job is to sleuth out where it came from. Is it the tub.....Yes. Wait this one over here is even bigger , a whole room and closet. The shower is bad but could never have leaked this much water. In the garage...AH HA! the washing machine spewed an entire cycle into the walls and carpet. Case solved.

Notes on an Open House in a Foreclosure

When holding an open house in a foreclosure I'm going to go ahead and recommend checking on the power status ie; electricity. I'm not going to say I sat in a stuffy house without a/c and sweated like I was in birkham yoga lodge, but it's probably something you might want to avoid.