there are few properties that fir the criteria (up to $340K). I would be glad to e-mail you few listings if you are serious about investing / relocating. I would suggest for you to pick a Realtor to work with, so you can find what you are looking for. Please e-mail me if you would like to see some listings firstname.lastname@example.org
Thank you in advance,
The selling price to listing price ratio in 2010 in Lee County was 94%, exactly the same ratio as 2009. Here is a blog post with the details: http://www.gulfreturns.com/2011/01/fort-myers-homes-sold-for
I just had a client make an offer on a proprty in Ft Myers sold in 2005 for $ 465000.00 it was listed for
$ 168500.00 and he offered $ 160000.00 and will probably get it. Talk about real estate investing !!!! This beats the S & P hands down for an investment.
All of the area agents below are great to work with.
If you need to get preapproved please give me a call:)
Have a great day
I have access to Bank Asset Managers that can produce properties in the discount range you are looking for. There is some paperwork that needs to be Notorized and Witnessed, as well as a Proof of Funds document is required. If this interests you please let me know ASAP. I will forward the information to you as soon as I return from Ireland. I am scheduled to be back in my office January 11th, barring any travel delays.
Terence Trombetti, Real Estate Adviser
Sellstate Priority Realty Network, Inc.
2799 Del Prado Boulevard South
Cape Coral, FL 33904
(239) 574-8888 Office
(239) 560-1574 Cell
(239) 574-8810 Fax
Yes, our prices are at about 50% or less than they were 3 years ago. In some cases as low as 25% of what they were selling for in 2006. Assuming that is what you mean. The bank REO's prices are holding pretty close to the market price or listed price these days and in some cases if there are multiple offers requiring a "highest and best" reoffer or counter then you could expect to pay 10 - 20% more. There are lots of available properties at greatly reduced prices attracting many cash buyers, investors and first time home buyers.
Taxes are close for most of these I have provided below. I have about 5-7 others but taxes are a lot more than you requested. I would be happy to assist you as your buyer's agent and provide you with additional information and pictures as needed. Please use my access to the Florida Gulfcoast MLS to narrow your search if none of the preliminary listings are suitable. http://www.swfloridahomebuyer.listingbook.com
Happy New Year!
Sarah Garrett, Realtor
ALLIANCE REALTY GROUP
"Chosen Best in Client Satisfaction 2006-2009"
by Gulfshore Life Magazine
Over 2/3 of our business last year was in foreclosures and short sales, haven't seen much appetite by banks for 50-75% of asking price. In Lee County, the selling price to listing price ratio has been holding steady in the mid 90th percentile. The last report I ran was for 11/09 and this ratio clocked in at 94%. Not materially different from what we saw in the the first quarter of 2009: http://www.gulfreturns.com/2009/03/lee-county-selling-price-
I am all ears on the where the 50% deals are lurking.......
Can it happen, yes. Will it happen quickly, likely not. If you have a realtor who sends you daily updates you might get lucky, after awhile.
He said the $10k house needed $15k done in repairs. Sometimes cheaper is not always perfect.
Here are a couple of resources that are updated daily featuring gulf access foreclosures in the zip codes noted above:
Fort Myers gulf access foreclosures: http://www.greaterftmyers.com/fort-myers-gulf-access-foreclo
Cape Coral gulf access foreclosures: http://www.greaterftmyers.com/cape-coral-gulf-access-foreclo
Good luck with your search! (and enjoy the contender)
Your chances are real good right now, keeping a mind the sales price will set your assessed value, and then your taxes. I wouldn't be afraid of looking at newer homes, as Chinese drywall, if any, can be detected during the home inspection. Cape Coral is the biggest value for Gulf Access, The biggest question would be what kind of boating are you planning to do? Do you need sailboat (no bridges) access? What other ammenties are you looking for? Please call or e-mail me for a list of homes that will fit your criteria.
James Sommers PA
Gulf Gateway Realty Inc.
There are good deals out there, but gulf access homes homes are not being given away. I just sold a nice gulf access home in the 33904 area for $178,000, a foreclosure. I have been showing other gulf access properites in that area to another client over this past week. If you would like for me to email you the listings, plesae email me or call.
Right Choice Realty
Gated and Gulf access combined will come with a price tag but either or is definitely attainable under 400k.