Brett Ellis appeared recently on NBC’s Today Show on April 19, 2009. The report focused on housing deals in SW Florida and if now is the time to buy. One Realtor talks about the buying frenzy and the bank foreclosure deals to be had presently in SW Florida, but time is running out.
Additionally, the report focuses on the $8,000 tax credit, and buyers competing with investors for the bargain buys. Brett Ellis of the Ellis Team at RE/MAX Realty Group in Fort Myers stands in front of a home that is priced 1/5 the price of what it sold for just a few short years ago. Because of the tremendous buys, many buyers are bidding on properties. One buyer in the report bid on 14 properties until they were successful. The best bargain buys go quickly and many receive multiple offers, so you have to act quickly and have your ducks in a row. This means getting pre-approved for a mortgage through the correct lender, and using all the forms the seller requires and filling them out correctly.
There are tips to being the successful bidder, and experienced agents in the foreclosure business know what these tips are. Listen to the advice you receive from your agent, and if they tell you there are multiple offers on the property, believe it. It’s far better to get your 1st or 2nd choice then your 15th.
Contact the Ellis Team at RE/MAX Realty Group in Fort Myers for bank foreclosure buys in Cape Coral, Fort Myers, Lehigh Acres, and all of SW Florida.
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