Saturday, June 20, 2009

Going, Going, Gone...Waterfront Homes & Condos Marco Island FL



Have we reached the bottom on waterfront Foreclosure and Short Sales on Marco Island Florida?

Most of the properties priced below $500,000 have SOLD! Many at full price or better with multiple offers on them, in most cases CASH deals.


New properties do come on the market each week BUT those buyers using the service or a Realtor working waterfront are informed right away and move quickly so they are gome quickly! Most buyers now know to make the offer and deposit and use the Roght of Inspection as the escape clause and submit the offer right away then fly down to Florida or inspect so as not to loose time or a deal on a nice waterfront property!

If you are looking for a deal on Florida waterfront property do NOT hesitate, the inventory is dwindling and prices are rising!

Waterfront single fanily homes, condominiums and waterfront lots can be found BUT anyone looking to"steal" a deal is too late. With multiple offers come higher offers and the best price and terms gets the property- so bring your highest and best price to the table or get lost in the shuffle of offers and keep missing out on waterfront deals at a 10 year low!

These properties are requiring written contracts and close to list price, letter of pre approval from a local lender showing you have been to the bank. Deposit with receipt of funds letter, 5% or better down payment held in escrow account and then additional funds deposited within 5 days of contract acceptance.

If your paying CASH, you will need a letter from your banker indicating proof of funds are on deposit and available for the purchase at closing time, or the offer will not even be presented.

Use an experienced Realtor to assist and guide you through the maze and mess of short sales and foreclosures.

Glen Bigness, PA, Realtor
239-272-4663
http://www.glenbigness.com/