Is it possible this home was $1,600,000 and is now selling $300,000? Whats' the catch?

Asked by Terri Kissinger, 16059 Wed Feb 18, 2009

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This question is about this property: http://www.trulia.com/property/1073571534-1066-Bailey-Rd-San…

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3
Cathryn Blai…, Agent, Cape Coral, FL
Wed Feb 18, 2009
Terri,

If you follow the link to the page, this home has a Sanibel Island address. If you then click on "view more details" button, it leads you to a realtor who is selling property on Fort Myers Beach. It looks like this realtor is just trying to get the phone to ring. There probably are properties on Fort Myers Beach or maybe Sanibel Island selling for that amount, but do your homework. Some realtors are not advertising properly just to get the phone to ring. Other "too good to be prices" might just be short sales without bank approved pricing, and some may be legitimate foreclosed sales.
If you are home searching the best thing you can do is find a licensed realtor who will do the footwork for you. They are trained to sort out the bogus advertisers for the real thing. You are welcome to visit my team at http://www.Hope4HomeBuyers.ORG. We will also continue to answer any questions you may have regarding real estate or financing.
Cathryn Blair-Bennett
First Capital lending
239-277-9244 Ext. 212
cblairbennett@firstcaplend.com
1 vote
Mark Washburn, Agent, Cape Coral, FL
Wed Feb 18, 2009
I wish it was $300K as I would jump on that one immediately with a full-price cash offer! Here are the listing details for that Sanibel home on Bailey road listed for $2,000,000

http://www.greaterftmyers.com/idx/residential/200763492/deta…
0 votes
LLoyd Nichols, Agent, Fort Myers, FL
Wed Feb 18, 2009
Hi Terri ..this property is listed on the MLS at $2,000,000..if you want more info regarding deals in sanibel and Lee County let me know or e-mail me at realtorlloydn@aol.com

and Happy Huunting!
http://lloydnswfloridahomes.listingbook.com/?node=17-0-email…
LLoyd Nichols
Right Choice Realty LLC
cell: 239-810-2980
office: 239-463-5217
Activerain Local Blog: http://localism.com/neighbor/lloydn
Active Rain Blog: http://activerain.com/lloydn
Website: http://www.mlsouthwestfloridahomes.com
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Web Reference:  http://activerain.com/lloydn
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