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Home Selling in Cape Coral : Real Estate Advice

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  • Home Buying403
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Activity 36
Wed Jun 24, 2009
Myke Atwater answered:
The first thing you need to do is contact your bank. There are requirements you must fulfill with the bank prior to putting your property up for short sale. You will be working in tandem with the bank first, and then with a realtor who will help you market it. You almost must understand that by doing a short sale you will be hurting your credit, and you must be behind on your payments as well.

Myke Triebold
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Thu Jun 18, 2009
Kathryn Lawson-Fritsch answered:
What is the address and do you want it to be sold asap?
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Fri Dec 9, 2011
Michael R Kelly answered:
Each bank has different rules pertaining to commission. I would assume how they are related would be important to the bank. Good luck!
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Fri Dec 9, 2011
Jay LaGace answered:
If the listing agent was also the buyers agent, and thats what the listing agreement says, than yes they can as thats what the agent accepted when they took the listing.

If not then I would have to say no, but I would contact an attorney if you want to pursue it further. ... more
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Thu Apr 21, 2011
Team Real EstateSINY answered:
Hi V.,
I know exactly what you are talking about. I think you owed more then 195.000 to the bank.( correct me if I'm wrong)
But there is a process. in this situation you had to apply and qualify for what we call a short sale.
Once the property goes to auction and there where no bids to cover the entire mortgage amount plus additional fees, the bank now ownes the property. by the time they put it on the market as a REO the prices had dropped even more. So I completely agree with you. What is the common sense in this transaction????
who knows??????

If you want to read information about foreclosures, please visit my web site
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Sun Feb 1, 2009
Audra McCollum answered:

You may want to contact an Attorney for advice on the document. Without knowing what it says, I can tell you that usually you should never stop paying your rent if you are under the terms of a lease as you could be evicted. If your relationship is good with your Landlord you might ask them what is going on. Otherwise, I would seek the advice of a real estate attorney and make sure you take the document with you (they might just ask you to email or fax them a copy).

One attorney in the Miami area my office works with is:
Alfredo Garcia Menocal of Success Title - 305-553-3464 They may not charge anything just for a telephone consult.
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Wed Mar 28, 2012
Mott Marvin Kornicki answered:
Perhaps a loan modification may work. As co-owners- both parties would need to request a short-sale approval. Being that you have assets, it is possible that the lender will require that you and the co-owner sign a promissory note for part of the "shortage".

Contact an experience agent in Cape Coral that can provide you with a realistic sceneriao of your best options.

It would be a good idea to talk to an accountant and attorney too.
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Thu Oct 3, 2013
Keith Sorem answered:
The short answer is that in a buyer's market it is probably better not to sell, particularly in areas with a great deal of inventory.
i suggest sitting down with your Realtor and discussing options, and the pros and cons of each.
In most cases you need to talk about why you are moving, when, and how much you think you might net after the sale.

1. Sell
2. Move, but lease it out, sell later
3. Stay put.

You need to talk with a top agent that knows that local market, your particular home, and the market trends. If you'd like me to refer you to a top agent in your area I would be happy to do so.
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Sun Mar 1, 2015
Mark Washburn answered:
Over the past 30 days, 304 residential properties have sold in Cape Coral. So yes it is possible to sell a property in Cape Coral right now, but your question is tough to accurately answer without more details.

Peeling back the onion, the large majority of these sales were properties priced under $150K. Only 10 of these sales were for properties priced over $400K and only 3 of these sales were for properties over $1M.

It would sure be a mistake to put a property on the market today at an unrealistic price. Having an open mind about your selling price is the best advice that I can give a seller in today's market.
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Tue Jun 17, 2008
Marc Comisar answered:
That would put you in a short sale situation, You would need the bank to qualify you for that. These are very difficult and can take a long time but they are an option. Let me know if you want to learn any more about it. ... more
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Tue Jun 17, 2008
Marc Comisar answered:
You're in a no win situation. You will have to take a huge loss to get rid of it. In all honesty 215k three years ago.......that makes 175k wishful thinking the way prices have plummeted out there. The best thing you can do is meet with a local Realtor to formulate a gameplan. ... more
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Thu Jun 12, 2008
Nancy Doyle answered:
Hi Tim,
I pulled your house up on tax records, and I don't think your out of range in price at all. I would be happy to do a full market analysis, and take a look in person. If you e-mail me specific details, I can give you a better idea. I have seen a huge pick up personaly in Gulf access homes, and it has not slowed down, but has picked up more. Let me know if you would like me to help.
Take Care,
Nancy Doyle
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Fri Mar 25, 2011
Paul Whitehouse answered:
Hi Sharon
A good local Realor will be able to do a Comparative Market Analysis for free for you which would tell what is selling in your area,at what price and how quickly they sold. They could then advise you on what price to list your home for a quick or slow sale depending on your needs.
Good Luck Paul Whitehouse (Realtor)
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Wed Jan 2, 2008
Marc Comisar answered:
You should contact your local Real Estate office and set an appointment. You can also order an appraisal. Good Luck.
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Mon Oct 8, 2007
Brian Gonzalez answered:
There are hundreds of "no water access" lots on the Cape. If you ask over 35k you will be holding the lot for several years. Who wants to build a house when there are so many unsold brand new houses already available? ... more
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Mon Aug 22, 2016
Megan Manly answered:
The main question is how long is the listing agreement with the agent. If it is still in tact, your choices are to (1) have an honest meeting about your satisfaction and find out how to improve the marketability or (2) ask for a new agent from the broker or (3) ask for a complete release.

If your agreement has expired, you need to interview several agents to find out which one will best be able to sell your home effectively.
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