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	<title>Cape Coral Real Estate &#187; Cape Coral short sales</title>
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	<description>by Florida Future Realty, Inc.</description>
	<lastBuildDate>Tue, 27 Jul 2010 17:21:49 +0000</lastBuildDate>
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		<title>Chinese Drywall found in Cape Coral &amp; Fort Myers houses</title>
		<link>http://susanmilner.com/2009/09/chinese-drywall-found-in-cape-coral-fort-myers-houses/</link>
		<comments>http://susanmilner.com/2009/09/chinese-drywall-found-in-cape-coral-fort-myers-houses/#comments</comments>
		<pubDate>Wed, 23 Sep 2009 17:11:49 +0000</pubDate>
		<dc:creator>Susan Milner</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[Cape Coral Real Estate]]></category>
		<category><![CDATA[Cape Coral short sales]]></category>
		<category><![CDATA[Fort Myers Real Estate]]></category>
		<category><![CDATA[Fort Myers short sales]]></category>
		<category><![CDATA[SW Florida News]]></category>
		<category><![CDATA[SW Florida Real Estate]]></category>
		<category><![CDATA[chinese drywall]]></category>

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		<description><![CDATA[Chinese Drywall in and around Cape Coral, Ft. Myers and Lehigh Acres is something to be aware of Over the past couple of years we’ve been hearing more and more about Chinese Drywall in SW Florida. Our office focuses mostly in Cape Coral &#038; Fort Myers real estate. There are many homes &#038; communities that [...]]]></description>
			<content:encoded><![CDATA[<p><div id="attachment_174" class="wp-caption alignright" style="width: 310px"><img src="http://susanmilner.com/wp-content/uploads/2009/09/cimg2787-300x169.jpg" alt="cape coral real estate" title="Cape Coral Florida" width="300" height="169" class="size-medium wp-image-174" /><p class="wp-caption-text">cape coral real estate</p></div><strong>Chinese Drywall in and around Cape Coral, Ft. Myers and Lehigh Acres is something to be aware of</strong></p>
<p>Over the past couple of years we’ve been hearing more and more about Chinese Drywall in SW Florida. Our office focuses mostly in Cape Coral &#038; Fort Myers real estate. There are many homes &#038; communities that have been affected by Chinese Drywall. Most of these homes were built between the years of 2003-2008 but there have been some instances found dating back as early as 1998. </p>
<p>During those periods, our housing/building boom, drywall was imported into the United States that was manufactured in China &#038; much of it contained potentially toxic materials.</p>
<p>If you are considering purchasing a home in our area that was built, or remodeled in those timeframes you will most definitely want to have a home inspection that includes a Chinese Drywall inspection.</p>
<p><strong>How does an inspector look for Chinese Drywall?</strong> At the present time, the only sure way to confirm that the house has Chinese Drywall is to send a portion of the drywall off to a lab to be tested. </p>
<p>An inspector can look for signs of Chinese Drywall though. <strong>Some signs</strong> are:</p>
<p><strong>Corroded Copper</strong><br />
	in electrical wiring<br />
	in air handler</p>
<p><strong>Silver</strong><br />
	in faucets and other fixtures<br />
	jewelry<br />
	mirrors</p>
<p><strong>Odor</strong><br />
	similar to bad well water / sulfur / rotten-egg</p>
<p><strong>What are some potential issues of Chinese Drywall?</strong></p>
<p><strong>Health</strong><br />
	I’m not for sure if these have been confirmed but people have complained of respiratory problems, allergy-like symptoms, headaches and nervous system issues.</p>
<p><strong>Electrical &#038; Structural</strong><br />
	again confirmation may, or may not, exist ~ I’ve heard of complete electrical panels being burnt out<br />
	the toxic fumes could penetrate into the concrete blocks or other components of the house ~ most typically into other wood items such as cabinets</p>
<p><strong>What is the remediation process for Chinese Drywall?</strong></p>
<p>Complete removal of all Chinese Drywall<br />
Depending upon the severity of the spread this could include the blocks, cabinets, wiring, pipes or more</p>
<p>As I am not an expert on Chinese Drywall I have included links to other resources where you can continue your education if you so choose.</p>
<p>US Consumer Product Safety Commission: <a href="http://cpsc.gov/info/drywall/">http://cpsc.gov/info/drywall/</a><br />
Article on CNN: <a href="http://www.cnn.com/2009/US/03/18/chinese.drywall/">http://www.cnn.com/2009/US/03/18/chinese.drywall/</a><br />
Article from WSJ: <a href="http://online.wsj.com/article/SB123171862994672097.html">http://online.wsj.com/article/SB123171862994672097.html</a><br />
Article from our local News-Press: <a href="http://www.news-press.com/apps/pbcs.dll/article?AID=2009909220331">http://www.news-press.com/apps/pbcs.dll/article?AID=2009909220331</a><br />
Additional information &#038; photos: <a href="http://www.chinesedrywall.com/gallery.html">http://www.chinesedrywall.com/gallery.html</a></p>
<p>At the present time we have buyers actually seeking out Chinese Drywall homes to purchase &#038; other buyers steering clear of them. Armed with information you can make the decision that is best for you.</p>
<p>As always, we look forward to working with you. You can search <a href="http://www.capecoralrealestateandproperty.com">Cape Coral real estate</a> from our website 24/7 from the comfort of your home or office. When you are ready for more information simply let us know &#038; we’ll get in touch quickly.</p>
<p>Make it a GREAT day!</p>
<p>Yours in Success,</p>
<p>Susan Milner<br />
Broker of Florida Future Realty, Inc.<br />
(239) 542-8521<br />
<a href="http://www.SusanMilner.com">www.SusanMilner.com</a></p>
<p>~ as with most things, the signs stated above could be signs of other conditions of the home and may or may not equate to Chinese Drywall. Make sure to hire a professional to make the correct determination.</p>
<p>Copyright 2009 Susan Milner ~ Florida Future Realty, Inc.</p>
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		<title>Cape Coral Real Estate Listing &#8211; EXPIRED?!?</title>
		<link>http://susanmilner.com/2009/01/cape-coral-real-estate-listing-expired/</link>
		<comments>http://susanmilner.com/2009/01/cape-coral-real-estate-listing-expired/#comments</comments>
		<pubDate>Tue, 06 Jan 2009 02:57:30 +0000</pubDate>
		<dc:creator>Susan Milner</dc:creator>
				<category><![CDATA[Cape Coral Real Estate]]></category>
		<category><![CDATA[Cape Coral short sales]]></category>
		<category><![CDATA[Fort Myers Real Estate]]></category>
		<category><![CDATA[Fort Myers short sales]]></category>
		<category><![CDATA[SW Florida Real Estate]]></category>
		<category><![CDATA[Sellers]]></category>
		<category><![CDATA[find a cape coral real estate agent]]></category>
		<category><![CDATA[ft. myers home]]></category>
		<category><![CDATA[house expired]]></category>
		<category><![CDATA[relist your house]]></category>
		<category><![CDATA[search fort myers real estate agents]]></category>
		<category><![CDATA[sell ft myer real estate]]></category>
		<category><![CDATA[sell my cape coral home]]></category>

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		<description><![CDATA[Did your house EXPIRE?]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Did your listing agreement for your <strong>Cape Coral</strong> or <strong>Ft. Myers property</strong> expire last week? Do you still need help to sell your property?</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">I ask because today I received several phone calls &amp; emails from <strong>Fort Myers &amp; Cape Coral homeowners</strong> asking for help. For whatever reasons their house, condo or investment property didn’t sell. I checked in our MLS and in the last week <strong>1,198 residential homes</strong> in our local MLS (multiple listing service) <strong>EXPIRED</strong>!</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">I spoke to one gentleman today who is going to need a short sale on his Ft. Myers house. After we ended our phone conversation I looked up his property. It just expired on Dec 31, 2008. It had been listed with another agent &amp; real estate brokerage office.</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">This is a lovely home in a gated community. The agent <strong>only </strong>had <strong>2 photos</strong> of the Ft. Myers property. They used the photos from our property appraiser’s website. This consists of one front photo (with a truck in the driveway &amp; garage door opened) and an aerial photo showing the roof. Are you kidding me? And the agent probably said they don’t know why it didn’t sell. Well I do! To top that off there were about 2 lines of description in the MLS. Basically, “<strong>Look, here is a Ft. Myers house for sale, you wanna buy it</strong>?”.<span style="mso-spacerun: yes;">  </span>I’m guessing that this property can NOT be found on any real estate search websites either. It is truly sad. The seller should have known about this. The listing agent should have known better. </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Why didn’t they try everything to sell your property? Did they think they’d get the buyer themselves &amp; didn’t want to ‘share’ their commission? Did they just not know any better? OR Were they just lazy?</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">The good news for this seller is that he found us. We specialize in getting properties sold. I don’t take listings just to increase my inventory. <strong>I take listings to SELL them</strong>. <span style="mso-spacerun: yes;"> </span>We help traditional sellers compete with the bank owned and short sale listings. Your house must STAND OUT.</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">We also handle bank owned and short sale listings in Cape Coral and Ft. Myers. Sometimes short sales take a little longer to sell but we still market them just as well as any other listing! We use multiple photos, a great description, video, etc! How could you not? And how could you not expect your agent to at least take multiple photos? Some real estate websites even allow up to 20-30 photos per listing. Think of the possibilities. Most MLSs allow for at least 10 photos. We make use of those available spots.</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><strong>BUYERS WANT TO SEE PHOTOS – AND LOTS OF THEM.</strong> Buyers often even ask me to exclude any listings that do not have multiple photos. There are just too many ‘unknowns’ for them to deal with. Over 90% of buyers begin their search for a new home online. This means that YOUR LISTING must look appealing to them. The internet may not ‘sell’ your house but it will get it on their ‘list’ of prospective properties to view.<span style="mso-spacerun: yes;">  </span></span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Finally, if you have not checked to see how your listing appears in the local MLS or on national &amp; international websites PLEASE go check. If your agent is not doing their best to show your house in the best light then let them know. Give them the opportunity to FIX it or hire a new real estate agent.</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">And most importantly, if you have property that you <strong>need to sell</strong> in <strong>Cape Coral or Ft. Myers, Florida</strong> please give me a call. I’ll give you the ‘real deal’ on value &amp; market your property to its full potential. </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Your time is valuable and selling your house is important to you. It shouldn’t be something you have to stress about after you hire a real estate professional! That’s OUR responsibility!</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">What do they say about employers? They should HIRE SLOW &amp; FIRE FAST….so should YOU. Do your research! Ask Questions!</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small;"><span style="font-family: Times New Roman;">I’ll see you on the <strong>SOLD side </strong></span><span style="font-family: Wingdings; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-char-type: symbol; mso-symbol-font-family: Wingdings;"><span style="mso-char-type: symbol; mso-symbol-font-family: Wingdings;"><strong>J</strong></span></span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"> </span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;"><strong>Happy New Year!</strong></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"> </p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Yours in Success,</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"> </p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Susan Milner</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Broker/Owner</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Florida Future Realty, Inc.</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Call my cell: 239-218-2229</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Or office: 239-542-8521</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Email: <a href="mailto:Susan@CapeCoralSusan.com">Susan@CapeCoralSusan.com</a></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Times New Roman;">Search <a title="cape coral real estate" href="http://www.florida-future-realty.com" target="_blank">Cape Coral Real Estate</a></span></p>
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		</item>
		<item>
		<title>Cape Coral gulf access house for sale</title>
		<link>http://susanmilner.com/2008/12/cape-coral-gulf-access-house-for-sale/</link>
		<comments>http://susanmilner.com/2008/12/cape-coral-gulf-access-house-for-sale/#comments</comments>
		<pubDate>Mon, 15 Dec 2008 02:13:05 +0000</pubDate>
		<dc:creator>Susan Milner</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[Cape Coral Real Estate]]></category>
		<category><![CDATA[Cape Coral short sales]]></category>
		<category><![CDATA[SW Florida Real Estate]]></category>
		<category><![CDATA[cape coral florida]]></category>
		<category><![CDATA[cape coral gulf access]]></category>
		<category><![CDATA[gulf access homes]]></category>

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		<description><![CDATA[                        This beautiful, new home in SE Cape Coral is ready for new owners. Located very near the Caloosahatchee River (only 1 bridge to navigate under). This very large home features a formal dining room, large living room, breakfast room and separate den or study. Spacious master bedroom has 2 walk in closets [...]]]></description>
			<content:encoded><![CDATA[<div class="mceTemp"><img class="size-thumbnail wp-image-142 " title="Cape Coral pool home" src="http://susanmilner.com/wp-content/uploads/2008/12/cimg1673-150x150.jpg" alt="Cape Coral pool" width="150" height="150" />        <img class="size-thumbnail wp-image-141" title="Cape Coral kitchen" src="http://susanmilner.com/wp-content/uploads/2008/12/cimg1672-150x150.jpg" alt="Cape Coral kitchen in gulf access home" width="150" height="150" />        <img class="size-thumbnail wp-image-144" title="Cape Coral gulf access" src="http://susanmilner.com/wp-content/uploads/2008/12/cimg1675b-150x150.jpg" alt="View of Cape Coral Canal" width="150" height="150" />        <img class="size-thumbnail wp-image-146" title="Cape Coral Gulf Access house" src="http://susanmilner.com/wp-content/uploads/2008/12/cimg16781-150x150.jpg" alt="Cape Coral Gulf Access House" width="150" height="150" /></div>
<p>This beautiful, new home in SE Cape Coral is ready for new owners. Located very near the Caloosahatchee River (only 1 bridge to navigate under).</p>
<p>This very large home features a formal dining room, large living room, breakfast room and separate den or study.</p>
<p>Spacious master bedroom has 2 walk in closets &amp; dual vanities, jacuzzi tub and walk around shower. 2 other bedrooms on other side of the home connect and both have full bathrooms as well.</p>
<p>The kitchen comes equipped with all appliances, center island, solid surface counters and wood cabinets!</p>
<p>Outside you&#8217;ll find the lanai with swimming pool with great views down the gulf access canal.</p>
<p>3 car garage, hurricane panels, irrigation system and manibloc plumbing truly complete this home.</p>
<p>Call us, or your agent, today to schedule a private showing!</p>
<p>This home is priced right at only $375,000.</p>
<p><img class="alignnone size-thumbnail wp-image-150" title="Master Bathroom Vanity" src="http://susanmilner.com/wp-content/uploads/2008/12/cimg1663-150x150.jpg" alt="Master Bathroom Vanity" width="150" height="150" />        <img class="alignnone size-thumbnail wp-image-149" title="cape coral jacuzzi tub" src="http://susanmilner.com/wp-content/uploads/2008/12/cimg1662-150x150.jpg" alt="cape coral jacuzzi tub" width="150" height="150" />        <img class="alignnone size-thumbnail wp-image-148" title="Cape Coral kitchen" src="http://susanmilner.com/wp-content/uploads/2008/12/cimg1655-150x150.jpg" alt="Cape Coral kitchen" width="150" height="150" />        <img class="alignnone size-thumbnail wp-image-151" title="Cape Coral living room" src="http://susanmilner.com/wp-content/uploads/2008/12/cimg1666-150x150.jpg" alt="Cape Coral living room" width="150" height="150" /></p>
<p>Search for more <a href="http://www.florida-future-realty.com/real-estate-home-search">Cape Coral homes</a>!</p>
<p>Yours in Success,</p>
<p>Susan Milner<br />
Florida Future Realty, Inc.<br />
www.Florida-Future-Realty.com<br />
(239) 542-8521</p>
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		<title>Cape Coral Real Estate Compared to Black Friday</title>
		<link>http://susanmilner.com/2008/11/cape-coral-real-estate-compared-to-black-friday/</link>
		<comments>http://susanmilner.com/2008/11/cape-coral-real-estate-compared-to-black-friday/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 14:10:52 +0000</pubDate>
		<dc:creator>Susan Milner</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[Cape Coral Real Estate]]></category>
		<category><![CDATA[Cape Coral short sales]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[SW Florida Real Estate]]></category>
		<category><![CDATA[cape coral buyer's market]]></category>
		<category><![CDATA[cape coral florida]]></category>
		<category><![CDATA[cape coral real estate deals]]></category>
		<category><![CDATA[cape coral real estate market]]></category>

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		<description><![CDATA[Cape Coral, FL   Real Estate news How our current real estate market relates to Black Friday.   We all know Black Friday. The day after Thanksgiving that so many rush out in the wee hours in the hope of finding that AWESOME deal on some electronic or other great Holiday gift.   We&#8217;ll compare the [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Cape Coral, FL</strong>   Real Estate news</p>
<h2 style="text-align: center;">How our current real estate market relates to Black Friday.</h2>
<p> </p>
<p><img style="float: right; margin: 2px 3px; border: black 2px solid;" title="cape coral tv" src="http://activerain.com/image_store/uploads/4/1/9/5/3/ar122668232435914.JPG" alt="cape coral real estate" width="300" height="225" />We all know Black Friday. The day after Thanksgiving that so many rush out in the wee hours in the hope of finding that AWESOME deal on some electronic or other great Holiday gift.</p>
<p> </p>
<p>We&#8217;ll compare the glossy store circulars to the real estate websites.</p>
<p> </p>
<p><strong>A couple will be lucky &amp; will be able to buy one of the 3 50&#8243; flat screen t.v.s for $50.</strong></p>
<p>We&#8217;ll call that an under valued short sale that got lucky. You know the $50,000 home that exists in Cape Coral. You look at the photos online and can&#8217;t believe your eyes. But you get down here to see that the house needs a lot of work (of course there were no pictures of that), the neighbors houses all look the same and it is very far away from every convenience.</p>
<p> </p>
<p><strong>Quit a few others will be able to buy that same t.v. for $500.</strong></p>
<p>We&#8217;ll call that a bank owned property that didn&#8217;t get proper marketing. Maybe a listing agent called another agent or buyer right out the door on it. Maybe the listing agent didn&#8217;t provide enough photos to entice buyers so only one offer came in.</p>
<p> </p>
<p><strong>And several others will miss the boat and have to pay $750 the following day.</strong></p>
<p>We&#8217;ll call that the typical great buyer deal. Bank owned; short sale or private seller. The buyer got a great deal. Their agent did everything to help them find the best deal. The buyers are still very happy with their purchase and realize that the real estate market is MOVING in Cape Coral.  The house that they bought for $175,000 sold for nearly $400,000 in the peak.</p>
<p> </p>
<p> </p>
<p><img style="float: left; margin: 2px 3px; border: black 2px solid;" title="cape coral pool" src="http://activerain.com/image_store/uploads/1/4/7/9/0/ar122668248309741.JPG" alt="cape coral real estate" width="300" height="225" />Everyone knows that we are in a <em>buyer&#8217;s market</em>. But that&#8217;s a little misleading. How so? Well because; properties that are priced correctly are moving quickly and often times with multiple offers. So if you are up north looking at a house for $50,000 and you think you can buy it for less than that chances are you can&#8217;t. If anything you&#8217;ll probably have to pay more. I know it seems strange but that is what is happening. It happens time and time again when I work with buyers to find them deals.</p>
<p> </p>
<p><strong>A little trick to try</strong>: Look at homes listed slightly higher than other comparable properties. Offer just under what the others are asking and you may just get it. Or at least a decent deal. Why? Well because the homes just over market value are not getting any attention. Many sellers want to stay high to ‘give themselves wiggle room&#8217;.</p>
<p> </p>
<p>To conclude, a very small percentage of buyers made a quick decision and were lucky enough to purchase a 3/2 pool home for $100,000. Many were lucky enough to purchase one for $125,000 but most paid upwards of $175,000 and more.</p>
<p> </p>
<p>So with Black Friday coming up in conjunction with our busy season; I hope this guide assists you with your investment in Cape Coral real estate.</p>
<p> </p>
<p>Yours in Success,</p>
<p> </p>
<p>Susan Milner</p>
<p>Florida Future Realty, Inc.</p>
<p>(239) 542-8521</p>
<p> </p>
<p>Specializing in great waterfront properties in Cape Coral &amp; Surrounding areas. Visit us online at <a href="http://www.florida-future-realty.us/">www.Florida-Future-Realty.us</a> or search for homes online anytime at <a href="http://www.florida-future-realty.com/">www.Florida-Future-Realty.com</a>.  </p>
<p> </p>
<p style="text-align: center;"><strong>Copyright 2008 Susan Milner</strong> Florida Future Realty, Inc.</p>
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		<title>Cape Coral Short Sales &#124; Cape Coral short sale advice</title>
		<link>http://susanmilner.com/2008/11/cape-coral-short-sales-cape-coral-short-sale-advice/</link>
		<comments>http://susanmilner.com/2008/11/cape-coral-short-sales-cape-coral-short-sale-advice/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 13:48:16 +0000</pubDate>
		<dc:creator>Susan Milner</dc:creator>
				<category><![CDATA[Cape Coral Real Estate]]></category>
		<category><![CDATA[Cape Coral short sales]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[SW Florida Real Estate]]></category>
		<category><![CDATA[Sellers]]></category>
		<category><![CDATA[cape coral florida]]></category>
		<category><![CDATA[cape coral investing]]></category>
		<category><![CDATA[cape coral sellers]]></category>
		<category><![CDATA[cape coral short sale]]></category>

		<guid isPermaLink="false">http://susanmilner.com/?p=70</guid>
		<description><![CDATA[Cape Coral Real Estate &#8211; How Short Sales should work &#8211; our opinion Short Sales and How I Think They Should Be Handled   First of all I do not believe that any real estate agent should list a home as a short sale without having done some research first.     Research   You [...]]]></description>
			<content:encoded><![CDATA[<h2 style="margin: auto 0in;"><a title=": Cape Coral Real Estate - How Short Sales should work - our opinion" href="http://www.florida-future-realty.com/cape-coral-real-estate-how-short-sales-should-work-our-opinion"><span class="count"><span style="color: windowtext; text-decoration: none; text-underline: none;"><span style="font-size: large; font-family: Times New Roman;">Cape Coral Real Estate &#8211; How Short Sales should work &#8211; our opinion</span></span></span></a></h2>
<h2 style="margin: auto 0in; text-align: center;"><span style="color: #0000ff;"><span style="font-size: large; font-family: Times New Roman;">Short Sales and How I Think They Should Be Handled</span></span></h2>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">First of all I do not believe that any real estate agent should list a home as a short sale without having done some research first. </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<h3 style="margin: 12pt 0in 3pt;"><span style="color: #0000ff;"><span style="font-size: medium; font-family: Arial;">Research</span></span></h3>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">You should have a preliminary title search done to determine if there is a second mortgage or any other liens on the property. Determine who the owner(s) are. </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<h3 style="margin: 12pt 0in 3pt;"><span style="color: #0000ff;"><span style="font-size: medium; font-family: Arial;">Document Collection</span></span></h3>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Next, you should collect all of the necessary paperwork that the lender will require for their short sale package. (Some banks require less/more documentation but this is a very ’standard’ list)</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Obviously the following that you’d normally complete:</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<ul type="disc">
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo1; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">CMA &#8211; YES, you need to know the market value of the property!</span> </span></span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo1; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">Listing Agreement</span> </span></span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo1; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">Short Sale Addendum (if your board doesn’t have one yet you should get an attorney to create one for you)</span> </span></span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo1; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">Seller’s Real Property Disclosure (Yes, even AS IS deals)</span> </span></span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo1; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">HOA documents/ HOA/Condo disclosures as necessary</span> </span></span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo1; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">Lead Based Paint Disclosure as necessary (pre 1978)</span> </span></span></li>
</ul>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<ul type="disc">
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list .5in;"><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Last 2 year’s tax returns </span></span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list .5in;"><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Last 2 month’s bank statements </span></span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">Last 2 pay check stubs</span> </span></span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">Letter of Authorization</span> </span></span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">Financial Statement</span> </span></span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">Hardship Letter</span> </span></span></li>
</ul>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">(if customer is missing a tax return or pay check stub have them write an explanation as to WHY (i.e. No paycheck stubs because they are 1099 contractor)</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">*for your info: Copy of mortgage statements</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">                                                </span></span></p>
<ul type="disc">
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo3; tab-stops: list .5in;"><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">If there are 2 lenders you will need these documents for each. </span></span></li>
</ul>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<h3 style="margin: 12pt 0in 3pt;"><span style="color: #0000ff;"><span style="font-size: medium; font-family: Arial;">Listing Activities at property</span></span></h3>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<ul type="disc">
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l8 level1 lfo4; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">Take <strong>multiple photos</strong> of the property &#8211; the good and the bad. Obviously use the prettiest photos for your marketing material but disclose any known defects. The bad photos are good to show the seller’s lender.</span> </span></span></li>
</ul>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<ul type="disc">
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l3 level1 lfo5; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">Put an <strong>electronic lockbox</strong> on the front door or hidden if seller/tenant prefers. Agents that have to pick up a key or schedule to meet an owner/tenant/agent are WAY less likely to show that home. Especially in this current buyer’s market. There are too many other choices available. Check out my previous blog about tenant occupied short sales.</span> </span></span></li>
</ul>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<ul type="disc">
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l4 level1 lfo6; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><strong><span style="color: #008000;">Install your sign</span></strong><span style="color: #008000;">.</span> </span></span></li>
</ul>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<h3 style="margin: 12pt 0in 3pt;"><span style="color: #0000ff;"><span style="font-size: medium; font-family: Arial;">Back at office</span></span></h3>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<ul type="disc">
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo7; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">Call bank(s). Ask them where to send the authorization to release and what their short sale process is. They’ll either tell you over the phone or send you some additional package of information. Also make sure to verify where/to whom you will send the package once you do have an offer (ALWAYS goes to some different #/Dept)</span> </span></span></li>
</ul>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<ul type="disc">
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l9 level1 lfo8; tab-stops: list .5in;"><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Enter property into MLS. Use multiple photos. Use a full description. Make the showing instructions easy to find and follow. </span></span></li>
</ul>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<ul type="disc">
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo9; tab-stops: list .5in;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="color: #008000;">Enter property onto the best internet sites. We typically start with point2agent and Realtor then add as necessary. Our listings are enhanced on Realtor so we can add more photos and a better description. Point2Agent is a great website to use to get your listings onto several other real estate websites.</span> </span></span></li>
</ul>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<ul type="disc">
<li class="MsoNormal" style="margin: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l5 level1 lfo10; tab-stops: list .5in;"><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Add the property on your blog. Make it interesting. Use lots of photos. Talk about the emotional benefits. </span></span></li>
</ul>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            </span></span></p>
<h3 style="margin: 12pt 0in 3pt;"><span style="color: #0000ff;"><span style="font-size: medium; font-family: Arial;">Yay, Showings and Offers!</span></span></h3>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">You get showings, and now an offer comes in. GREAT! How do I think offers on short sales should be handled? Like any other sale.</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            Present all in a timely manner. Encourage your seller to make a decision asap. If they like the offer, have them sign the contract. We require all contracts to be on the Far/Bar As-Is contract along with the Short Sale Addendum. We also require a bank letter of funds available or a pre-approval letter and a copy of the buyer’s escrow check.</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            What’s next? First of all, stop taking other offers! After the buyer and seller have agreed the property is now for all intents and purposes PENDING. Yes, there is a third party approval required but that DOES NOT mean that you do not have a CONTRACT. You do. I’m sorry to go off a little here but this one of my pet peeves. We have buyers write up all of the time to hear weird things like the following:</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            1) Our seller isn’t going to sign &#8211; it’s up to the bank</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            2) The seller has already accepted 4 other offers, they’re waiting on the bank to respond</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            3) They accepted another offer last week</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            ETC.</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">My response to each: </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">1) Then we don’t have a deal. I will continue to look for homes for my buyer. This obviously makes no sense. The contract is between the buyer and the seller &#8211; the bank is a third party approver only. Most banks won’t even look at a file unless all documents are correct and signed/dated and still within timeframes.</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            2) Why would you obligate your seller to sell his/her property 4 times? Again, I’m going to find my customer something else. This is a waste of time. I get what the agent is trying to do. For lack of better terms, ‘have their cake and eat it too’. If one buyer gets tired of waiting, they’ll have possibly 3 more in line. I get that but it is not done correctly. You can have one offer you are working on and 3 back up offers but not 4 contracts on the same house. That’s utterly ridiculous.</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            3) Really, then WHY is it not marked pending or active contingent short sale (that’s our MLS’s new rules for short sales that have been agreed on (under contract) but are waiting on bank approval)?</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Listing agents: If you want to play the multiple offer game that is fine. I realize you want your seller to go with the most likely offer to get accepted and be able to close. That’s a no-brainer. But you have to disclosure what you are doing. Like many bank owned listings, they’ll say “We will be accepting offers for 5 days before we’ll get an answer from the bank. At that point the bank will most likely ask for everyone’s ‘highest and best offer’.” My response: GREAT, here’s my buyers offer. It expires in 6 days. At least they know what they are doing. That makes sense!</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<h3 style="margin: 12pt 0in 3pt;"><span style="color: #0000ff;"><span style="font-size: medium; font-family: Arial;">Submit That Offer</span></span></h3>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small;"><span style="font-family: Times New Roman;">            Ok, now back to the seller’s bank. You should have already spoken to the bank(s) to know exactly what to send and to where. Create a nice coversheet detailing the borrowers (that’s your seller) Property Address, Name and Loan #. Include page #s like a table of contents. Include the contact for the BPO/Appraisal. Include a preliminary Hud1 (get from your title company), updated financial if out-dated, comparables and property history of the property. Send this and call the following day to verify. (Some banks say it takes up to 72 hours to receive so you may have to call back again) DO NOT STOP CALLING UNTIL YOU HAVE VERIFIED THAT THEY HAVE RECEIVED THE PACKAGE AND THAT THEY HAVE EVERYTHING THEY NEED. Most of the time if you are NICE they will look through the package while you are on the phone and let you know. Also find out who the negotiator is and when the bpo/appraisal will be ordered. <strong>Get the negotiators Full Name, #, Extension and Email address if at all possible.</strong></span></span></span></p>
<p><strong><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></strong></p>
<p><strong><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></strong></p>
<h3 style="margin: 12pt 0in 3pt;"><span style="color: #0000ff;"><span style="font-size: medium; font-family: Arial;">Follow up</span></span></h3>
<p><strong><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></strong></p>
<p><span style="font-size: small;"><span style="font-family: Times New Roman;"><strong><span style="color: #008000;">            </span></strong><span style="color: #008000;">From today on, call at LEAST once a week. Some banks may have an answer within a week; others may not for 2-3 months. All banks work differently. Always ask them what their timeline is. Do not leave multiple messages in the same day. You will irritate the negotiator. They are very busy people. Most have 100-300 files on their desk. Make sure you acknowledge that and make their job easier by having everything ready for them. If they prefer email, shoot them over a quick email for an update. They appreciate the non-intrusiveness of email.</span></span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            Also each week, call your seller to let them know what the bank said. Call the buyer’s agent to tell them what is going on. Tell them to call their buyers to advise. Call the title company to keep them in the loop. Communication is key. If you keep everyone in the loop your chances of a successful closing go WAY up!</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<h3 style="margin: 12pt 0in 3pt;"><span style="color: #0000ff;"><span style="font-size: medium; font-family: Arial;">Approval</span></span></h3>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            Now you have an approval. Make sure the closing date will work for everyone. Send the approval over to the buyer’s agent and the title company. The buyer may need to get financing so make sure they have enough time for that. They’ll also want to have an inspection completed. Make sure to have the electricity and water turned on for that. If your seller cannot afford to have it turned on then turn it on for them! You took the listing knowing the financial situation of the seller. Don’t stop helping them out now.</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">            You know the rest of this, now it is just like any other transaction. </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<h3 style="margin: 12pt 0in 3pt;"><span style="color: #0000ff;"><span style="font-size: medium; font-family: Arial;">Close on the property</span></span></h3>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">The sellers have now SOLD their house. The buyers have now BOUGHT the house they wanted at a good price. Everyone wins.</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<h3 style="margin: 12pt 0in 3pt;"><span style="color: #0000ff;"><span style="font-size: medium; font-family: Arial;">Conclusion</span></span></h3>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Good luck out there.</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="font-size: small;"><span style="font-family: Times New Roman;"><strong><span style="color: #008000;">Buyers,</span></strong><span style="color: #008000;"> don’t be intimidated by short sales. Just make sure you have an agent working for you that understands the process. They’ll be able to inform you right away if something doesn’t add up or seem right. </span></span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="font-size: small;"><span style="font-family: Times New Roman;"><strong><span style="color: #008000;">Sellers,</span></strong><span style="color: #008000;"> please do not make the mistake of listing your home as a short sale with just any agent. Make sure they fully understand the short sale process. This is a very important transaction in your life and not everyone is cut out to handle this for you.</span></span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">We look forward to working with the other professional real estate agencies on short sales and the many buyers and sellers as well.</span></span></p>
<p style="text-align: center;" align="center"><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> © Susan Milner 2008 </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Yours in Success,</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Susan Milner</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Florida Future Realty, Inc.</span></span></p>
<p><a href="http://www.florida-future-realty.com/"><span class="count"><span style="color: windowtext; text-decoration: none; text-underline: none;"><span style="font-size: small; font-family: Times New Roman;">www.Florida-Future-Realty.com</span></span></span></a></p>
<p><a href="http://www.the-extreme-team.com/"><span class="count"><span style="color: windowtext; text-decoration: none; text-underline: none;"><span style="font-size: small; font-family: Times New Roman;">www.The-Extreme-Team.com</span></span></span></a></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">888-764-6665 toll free</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">239-542-8521 local</span></span></p>
<p><span style="font-size: 12pt; font-family: &quot;Times New Roman&quot;; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"><a href="mailto:Susan@SusanMilner.com"><span class="count"><span style="color: windowtext; text-decoration: none; text-underline: none;">Susan@SusanMilner.com</span></span></a></span></p>
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		<title>Tenants are you renting a pre-foreclosure?</title>
		<link>http://susanmilner.com/2008/11/tenants-are-you-renting-a-pre-foreclosure/</link>
		<comments>http://susanmilner.com/2008/11/tenants-are-you-renting-a-pre-foreclosure/#comments</comments>
		<pubDate>Sat, 01 Nov 2008 16:00:58 +0000</pubDate>
		<dc:creator>Susan Milner</dc:creator>
				<category><![CDATA[Cape Coral Real Estate]]></category>
		<category><![CDATA[Cape Coral short sales]]></category>
		<category><![CDATA[cape coral florida]]></category>
		<category><![CDATA[cape coral homes]]></category>
		<category><![CDATA[cape coral pre-foreclosures]]></category>
		<category><![CDATA[cape coral rentals]]></category>

		<guid isPermaLink="false">http://susanmilner.com/?p=112</guid>
		<description><![CDATA[Tenants Renting Pre-Foreclosures FOR SALE Property Management and Trying to Sell a Rented Home   Many of the houses we have listed for sale are in a pre-foreclosure situation right now. That’s ok, we do have experience with short sales.   But we also have many pre-foreclosure homes with tenants in place. No, we didn’t [...]]]></description>
			<content:encoded><![CDATA[<div>
<h2 style="margin-top: 2px;"><a rel="bookmark" href="http://susanmilner.com/blogsview/459462/Tenants-Renting-Pre-Foreclosures-FOR-SALE">Tenants Renting Pre-Foreclosures FOR SALE</a></h2>
</div>
<div class="Section1">
<p class="MsoNormal"><strong style="mso-bidi-font-weight: normal;"><span style="font-size: 16pt; color: green;">Property Management and Trying to Sell a Rented Home</span></strong></p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">Many of the houses we have listed for sale are in a pre-foreclosure situation right now. That’s <span class="GramE">ok,</span> we do have experience with short sales.</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">But we also have many pre-foreclosure homes with tenants in place. No, we didn’t place the tenants, we don’t think that is right, they were already there &amp; typically prior to knowing about any type of pre-foreclosure issue with the owner.</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">Ok, fine. So how can we sell these homes with a tenant in place?</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">In the best case scenario, the <strong style="mso-bidi-font-weight: normal;">tenants would work WITH us</strong>. If we sell the house to someone else BEFORE it forecloses their lease will remain in effect. <span class="GramE">Great.</span> They still have a place to live.</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal"><span class="GramE"><strong style="mso-bidi-font-weight: normal;"><span style="font-size: 14pt; color: green;">Here’s my ideas</span></strong></span><strong style="mso-bidi-font-weight: normal;"><span style="font-size: 14pt; color: green;"> of a tenant working with us:</span></strong></p>
<p class="MsoNormal"> </p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;">Provide us with a <strong>working key</strong> (yes, getting a key has been a real problem)</li>
</ul>
<p class="MsoNormal"> </p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;">Allow us to <strong>hang a lockbox</strong> (we can hide it if that makes them more comfortable)</li>
</ul>
<p class="MsoNormal"> </p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;">Let agents <strong>show it </strong>during any normal hours once given the proper notice</li>
</ul>
<p class="MsoNormal"> </p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;"><strong>Leave</strong> for showings (most are done when they are at work anyway)</li>
</ul>
<p class="MsoNormal"> </p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in;">Keep the house somewhat <strong>presentable</strong> (clean once in a while please)</li>
</ul>
<p class="MsoNormal"> </p>
<p class="MsoNormal">Not too much to ask for, is it?</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">Well, here’s what <span class="GramE">is reality</span>.</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal"><strong style="mso-bidi-font-weight: normal;"><span style="font-size: 14pt; color: green;">The companies handling the property management are:</span></strong></p>
<p class="MsoNormal"> </p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l1 level1 lfo2; tab-stops: list .5in;">Not even giving us a <strong>key</strong>, they wanted every appointment scheduled through them &amp; either the tenant would let the buyer/buyer’s agent in or we’d have to go pick up a key &amp; meet them there.</li>
</ul>
<p class="MsoNormal"> </p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l1 level1 lfo2; tab-stops: list .5in;">Give us a key but not allowing us to hang a <strong>lockbox</strong>. That means that the agent has to come to our office, pick up a key, do their showings then come back &amp; drop the key off. Are you kidding me? Why would anyone do this in THIS market?</li>
</ul>
<p class="MsoNormal"> </p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l1 level1 lfo2; tab-stops: list .5in;">Give us a key but not allowing anyone but ME, the <strong>listing agent, to show</strong> the house (let’s see, right now I have 42 listings, how could I possibly be available for EVERY SINGLE SHOWING?).</li>
</ul>
<p class="MsoNormal"> </p>
<p class="MsoNormal"><strong style="mso-bidi-font-weight: normal;"><span style="font-size: 14pt; color: green;">So, here’s my question to Tenants/Property Managers &amp; even SELLERS. </span></strong></p>
<p class="MsoNormal"> </p>
<p class="MsoNormal"><strong style="mso-bidi-font-weight: normal;">How are we supposed to sell your home &amp; save it from homeless/foreclosure if we can’t get anyone in to see your house? </strong></p>
<p class="MsoNormal"> </p>
<p class="MsoNormal"><span class="GramE">Do you see how that can be a problem?</span> No price will fix this issue. <span class="GramE">Or at least no price that the bank will agree to will.</span></p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">So, <span class="GramE">either the seller will get frustrated &amp; sign a deed in lieu (if the bank allows, etc) and</span> the <strong style="mso-bidi-font-weight: normal;">tenant will be HOMELESS</strong> within a few days. Yes, that is TRUE, once the banks own the house they don’t play games, they kick you out – just like that. I got a call from an angry tenant like that a couple of months ago, no warning – just “you have to get out, here’s $500 BYE <span class="SpellE">BYE</span>”.</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">Or we keep trying to sell the house &amp; eventually we get an offer but it is very low because it has been on the market for a few months &amp; everyone thinks something must be wrong with the house. #$&amp;)<span class="GramE">!,</span> we’re too late, the bank has foreclosed. Same scenario folks, <strong style="mso-bidi-font-weight: normal;">tenant is HOMELESS, Seller has a FORECLOSURE</strong>, the house sits vacant and deteriorating for months, and no one is happy.</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">Wouldn’t it have been better to work with us, allow us to show the house properly, receive a proper offer, negotiate the short sale &amp; have a successful closing? <strong style="mso-bidi-font-weight: normal;">New buyer=HAPPY, tenant=HAPPY, seller=HAPPY.</strong></p>
<p class="MsoNormal"> </p>
<p class="MsoNormal"><strong style="mso-bidi-font-weight: normal;"><span style="font-size: 14pt; color: green;">Doesn’t everyone just love a happy ending?</span></strong></p>
</div>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Yours in Success,</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;"> </span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Susan Milner</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">Florida Future Realty, Inc.</span></span></p>
<p><a href="http://www.florida-future-realty.com/"><span class="count"><span style="color: windowtext; text-decoration: none; text-underline: none;"><span style="font-size: small; font-family: Times New Roman;">www.Florida-Future-Realty.com</span></span></span></a></p>
<p><a href="http://www.the-extreme-team.com/"><span class="count"><span style="color: windowtext; text-decoration: none; text-underline: none;"><span style="font-size: small; font-family: Times New Roman;">www.The-Extreme-Team.com</span></span></span></a></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">888-764-6665 toll free</span></span></p>
<p><span style="color: #008000;"><span style="font-size: small; font-family: Times New Roman;">239-542-8521 local</span></span></p>
<p><span style="font-size: 12pt; font-family: &quot;Times New Roman&quot;; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"><a href="mailto:Susan@SusanMilner.com"><span class="count"><span style="color: windowtext; text-decoration: none; text-underline: none;">Susan@SusanMilner.com</span></span></a></span></p>
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		<title>Cape Coral Short Sales &#124; Advice for banks</title>
		<link>http://susanmilner.com/2008/10/cape-coral-short-sales-advice-for-banks/</link>
		<comments>http://susanmilner.com/2008/10/cape-coral-short-sales-advice-for-banks/#comments</comments>
		<pubDate>Sat, 25 Oct 2008 23:50:11 +0000</pubDate>
		<dc:creator>Susan Milner</dc:creator>
				<category><![CDATA[Cape Coral Real Estate]]></category>
		<category><![CDATA[Cape Coral short sales]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[cape coral banks]]></category>
		<category><![CDATA[short sale stories]]></category>

		<guid isPermaLink="false">http://758652</guid>
		<description><![CDATA[I&#8217;m a firm believer in only addressing a problem if you have the solution. The recent blog I wrote about Countrywide short sales sure caused a lot of comments, emails and phone calls. Not to worry, I have a solution. Read the full article about Countrywide Short Sales and the WHY behind this post. Here&#8217;s [...]]]></description>
			<content:encoded><![CDATA[<h2>I&#8217;m a firm believer in only addressing a problem if you have the solution.</h2>
<p>The recent blog I wrote about <a title="countrywide short sales" href="http://cape-coral-homes.us/2008/10/15/countrywide-short-sales-in-cape-coral/" target="_blank">Countrywide short sales </a>sure caused a lot of comments, emails and phone calls.</p>
<p>Not to worry, I have a <strong>solution</strong>.</p>
<h3>Read the full article about <a title="countrywide short sales" href="http://cape-coral-homes.us/2008/10/25/countrywide-short-sale-solution-cape-coral-short-sale/" target="_blank">Countrywide Short Sales</a> and the WHY behind this post.</h3>
<h2>Here&#8217;s what I propose the banks do to collect the most money back on these bad loans:</h2>
<p> </p>
<p><strong>1)    Have an intake department with a checklist of items needed in package</strong></p>
<p align="center">(timeframe: same day of receipt)</p>
<p>a.     Reject all that are missing items &#8211; send letter of explanation</p>
<p>b.     Forward on all complete packages to analysis team</p>
<p> </p>
<p><strong>2)    Analysis Team &#8211; reviews package</strong></p>
<p align="center">(timeframe: 2 days of review)</p>
<p>a.     Verifies hardship</p>
<p>b.     Verifies value</p>
<p>c.      If good &#8211; forward to closing negotiator</p>
<p>d.     If doesn&#8217;t work &#8211; send letter of why/reject</p>
<p> </p>
<p><strong>3)    Closing Negotiator &#8211; closes file</strong></p>
<p align="center">(timeframe: 2 days of review)</p>
<p>a.     Reviews file</p>
<p>b.     Send approval</p>
<p> </p>
<p>Ok, maybe I&#8217;m in dreamland but I think this would work. <strong>Banks would send approvals within a week.</strong> Sell off bad loans within 30 days. Our <strong>real estate market would improve</strong> as the<strong> inventory is sold</strong>.</p>
<h3 style="text-align: center;">Sound simple? Remember KISS? Yep, that&#8217;s right! </h3>
<p>I&#8217;m sure there are thousands of incomplete, bogus-offers files sitting somewhere at every bank. If they would just reject those upon receipt it would give their staff time to work on files that actually make sense.</p>
<p> </p>
<p>By the way, <strong>we will still handle Countrywide short sales</strong>. Just keep in mind that they might take longer than the others &#8211; at least until Countrywide fixes up their process.</p>
<p> </p>
<p>Any loss mitigators out there? I&#8217;d love to hear your comments! </p>
<p> </p>
<h3>Read the full article about <a title="countrywide short sales" href="http://cape-coral-homes.us/2008/10/25/countrywide-short-sale-solution-cape-coral-short-sale/" target="_blank">Countrywide Short Sales</a> and the WHY behind this post.</h3>
<p> </p>
<p>As always, if you are considering buying or selling in the Cape Coral and Ft. Myers area, we&#8217;d love to assist you. Buyers, search thousands of <a title="cape coral real estate" href="http://www.florida-future-realty.com/" target="_blank">homes for sale </a>on our website. Sellers, if you need help with a <a title="cape coral short sales" href="http://www.findcapecoralrealestate.com/short-sale-help" target="_blank">short sale</a> let us know. We&#8217;re here to help.</p>
<p> </p>
<p>Yours in Success,</p>
<p>Florida Future Realty, Inc.</p>
<p><a href="http://www.florida-future-realty.com/">www.Florida-Future-Realty.com</a></p>
<p>(239) 542-8521</p>
<p><a href="mailto:Susan@SusanMilner.com">Susan@SusanMilner.com</a></p>
<p> </p>
<p>copyright 2008 Susan Milner | Florida Future Realty, Inc.</p>
<p><strong>Disclaimer:</strong> For those of you who are not familiar with short sales; this is NOT the way banks are handling short sales. <strong>This is how I propose they handle them</strong>. Currently many negotiations are taking 30-120 days to facilitate. Following the above advice would DRAMATICALLY reduce this time!</p>
<p><a class="a2a_dd" href="http://www.addtoany.com/share_save?linkname=Cape%20Coral%20Real%20Estate&amp;linkurl=http%3A%2F%2Fwww.SusanMilner.com"><img src="http://static.addtoany.com/buttons/share_save_256_24.gif" width="256" height="24" border="0" alt="Share/Save/Bookmark"/></a><script type="text/javascript">a2a_linkname="Cape Coral Real Estate";a2a_linkurl="http://www.SusanMilner.com";a2a_num_services=20;</script><script type="text/javascript" src="http://static.addtoany.com/menu/page.js"></script></p>
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		<item>
		<title>Countrywide Short Sales</title>
		<link>http://susanmilner.com/2008/10/countrywide-short-sales/</link>
		<comments>http://susanmilner.com/2008/10/countrywide-short-sales/#comments</comments>
		<pubDate>Wed, 15 Oct 2008 20:01:44 +0000</pubDate>
		<dc:creator>Susan Milner</dc:creator>
				<category><![CDATA[Cape Coral Real Estate]]></category>
		<category><![CDATA[Cape Coral short sales]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[countrywide short sales]]></category>

		<guid isPermaLink="false">http://741844</guid>
		<description><![CDATA[I no longer handle short sales through Countrywide. As an experienced short sale listing agent, I&#8217;ve had enough. I&#8217;ll still help you with a short sale through ANY OTHER LENDER. Just not COUNTRYWIDE. Read my story about why: Countrywide short sales &#8211; a story   Enjoy&#8230;..WHY/HOW are they still in business? Oh yeah, thanks to [...]]]></description>
			<content:encoded><![CDATA[<p>I no longer handle short sales through Countrywide. As an experienced short sale listing agent, I&#8217;ve had enough. I&#8217;ll still help you with a short sale through ANY OTHER LENDER. Just not COUNTRYWIDE.</p>
<p>Read my story about why:</p>
<p><a title="countrywide short sales" href="http://cape-coral-homes.us/2008/10/15/countrywide-short-sales-in-cape-coral/" target="_blank">Countrywide short sales</a> &#8211; a story</p>
<p> </p>
<p>Enjoy&#8230;..WHY/HOW are they still in business? Oh yeah, thanks to Bank of America&#8230;ya, go B of A! <img src='http://susanmilner.com/wp-includes/images/smilies/icon_razz.gif' alt=':P' class='wp-smiley' /> </p>
<p> </p>
<p>copyright 2008 Susan Milner</p>
<p>Florida Future Realty, Inc.</p>
<p><a title="cape coral short sales" href="http://www.findcapecoralrealestate.com/short-sale-help" target="_blank">Cape Coral Short Sales</a></p>
<p><a class="a2a_dd" href="http://www.addtoany.com/share_save?linkname=Cape%20Coral%20Real%20Estate&amp;linkurl=http%3A%2F%2Fwww.SusanMilner.com"><img src="http://static.addtoany.com/buttons/share_save_256_24.gif" width="256" height="24" border="0" alt="Share/Save/Bookmark"/></a><script type="text/javascript">a2a_linkname="Cape Coral Real Estate";a2a_linkurl="http://www.SusanMilner.com";a2a_num_services=20;</script><script type="text/javascript" src="http://static.addtoany.com/menu/page.js"></script></p>
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		<item>
		<title>Expecting to Buy a short Sale &#124; What to Expect</title>
		<link>http://susanmilner.com/2008/10/expecting-to-buy-a-short-sale-what-to-expect/</link>
		<comments>http://susanmilner.com/2008/10/expecting-to-buy-a-short-sale-what-to-expect/#comments</comments>
		<pubDate>Thu, 09 Oct 2008 13:36:21 +0000</pubDate>
		<dc:creator>Susan Milner</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[Cape Coral Real Estate]]></category>
		<category><![CDATA[Cape Coral short sales]]></category>
		<category><![CDATA[Fort Myers Real Estate]]></category>
		<category><![CDATA[Fort Myers short sales]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[SW Florida Real Estate]]></category>
		<category><![CDATA[advice on short sales]]></category>
		<category><![CDATA[buying a short sale]]></category>
		<category><![CDATA[cape coral florida]]></category>
		<category><![CDATA[short sale stories]]></category>

		<guid isPermaLink="false">http://731270</guid>
		<description><![CDATA[What to Expect when you are expecting to buy a short sale   So, you are expecting? Expecting to buy a short sale? Short sales are handled much differently from traditional sales. Here we will go over the differences to help you through the process.   The first thing to consider: Your time frame for [...]]]></description>
			<content:encoded><![CDATA[<h1>What to Expect when you are expecting to buy a short sale</h1>
<p> </p>
<p>So, you are expecting? Expecting to buy a short sale? Short sales are handled much differently from traditional sales. Here we will go over the differences to help you through the process.</p>
<p> </p>
<h2>The first thing to consider: Your time frame for purchase</h2>
<p> </p>
<p>Do you have enough time to wait for an answer? Short sales can take 30-60 days to receive an answer. We&#8217;ve heard horror stories of it taking 5-6 months in some cases as well. This could have been due to a number of factors that we cannot thoroughly cover here.</p>
<p> </p>
<h2>The next thing to consider: Choosing a Real Estate Agent</h2>
<p> </p>
<p>Have you found a real estate agent who has the knowledge to guide you through the short sale process? Ask them questions like &#8220;have you helped a buyer purchase a short sale before?&#8221; if so, ‘how did the process go?&#8221; Then ask, &#8220;Have you ever negotiated a short sale for a seller before?&#8221; and if so, &#8220;how did that process go?&#8221;</p>
<p> </p>
<p>Watch for the agents&#8217; opinion of short sales. If an agent has had a bad experience with a short sale you&#8217;ll be able to pick up on that. If they feel like they are a waste of time you&#8217;ll notice that too. Then you need to find someone who understands the process and can help you through it.</p>
<p> </p>
<h2>Next thing you&#8217;ll do: View the homes</h2>
<p> </p>
<p>Next your agent will schedule appointments to show you the short sales you are interested in. While you are viewing these properties, take note of the condition of the property. How long ago did the seller stop maintaining the property or is it still being maintained? If there are tenants living there &#8211; when does their lease expire? Are they willing to stay or do they plan to leave? Are they keeping the house or property neat? Or are they destroying it?</p>
<p> </p>
<h2>Ready to Submit an Offer: Make sure it is written up correctly</h2>
<p> </p>
<p>Your agent should of course called the listing agent to determine the status of the short sale. Does the seller plan to accept 1 offer or many? Have any offers already been submitted?  If so, what was the outcome? Was there a previous bank approval? What were those terms? Does the seller plan to sign an offer and then take the property off of the market or do they intend to keep it available for sale?</p>
<p> </p>
<h3>Your offer will consist of the following:</h3>
<p><strong>Far/Bar As-Is Contract:</strong> This is an approved as-is contract. It does not require for the seller to be responsible for any repairs. It does give the buyer the right to inspect.</p>
<p> </p>
<p><strong>Short Sale Addendum:</strong> This form spells out the timeframes. You can give any number of days for the seller to obtain bank approval. You can make the offer&#8217;s effective date good from the time of acceptance by the seller or from the time of receipt of written approval from the bank. We advise the latter as to not lose money with inspections without knowing the outcome of your offer.</p>
<p><strong> </strong></p>
<p><strong>Approval letter</strong>  if financing: This is a letter from your lender approving your financing. </p>
<p>Or </p>
<p><strong>Proof of Funds</strong> if paying with cash: This can be a letter from your bank stating &#8220;Mrs. Buyer has adequate funds available to close on said property for $this much money&#8221; or it can be a copy of a bank statement.</p>
<p> </p>
<p><strong>Earnest Deposit:</strong> Typically at least $1,000.  The seller&#8217;s lender will want proof of this so go ahead and have it ready. It shouldn&#8217;t matter who is holding the escrow but if the seller is already working with a specific local title company it is best to have it placed there.</p>
<p> </p>
<h2>Seller Acceptance:</h2>
<p> </p>
<p>Seller acceptance shouldn&#8217;t take more than a day or two in most cases. Remember though, the seller is only agreeing to sell the property if their lender agrees to a short sale. It is critical that you have a contract signed with the seller. Otherwise there is no deal.</p>
<p> </p>
<h3>Then you: WAIT for seller&#8217;s lender&#8217;s approval</h3>
<p> </p>
<p>Determine how often you&#8217;ll get updates. Do you want to know what is going on every week? Only when there is progress? Do you want to be called? Emailed? Communication is key. You and your agent should have a plan.</p>
<p> </p>
<p> </p>
<h3>GREAT NEWS: Approval</h3>
<p> </p>
<p>Now your effective date starts. This means that your inspection period starts, your loan approval period starts. Make sure you work diligently on your financing because asking for an extension can be a real headache.</p>
<p> </p>
<h3>At Closing: One extra form</h3>
<h3> </h3>
<p>Most banks are now requiring the buyer to sign an affidavit of arms length transaction. This ensures that nothing funny is going on. (like you are buying mom&#8217;s house). Some banks are even doing background checks on buyers to verify this as well. Otherwise your closing will be handled like any other real estate closing.</p>
<p> </p>
<h3>There you have it, What to Expect When you are Expecting &#8211; To Buy a short sale.</h3>
<p> </p>
<p>Keep in mind that this is not a full list of what could happen but it is a generalization to help you with the process. If you are considering a short sale purchase in Lee County please contact our team for help. We have the experience to advise you when a short sale can work and how to handle the transaction &#8211; start to finish.</p>
<p> </p>
<p>We look forward to your successful purchase.</p>
<p> </p>
<h3>Search Short Sale (and other) listings:</h3>
<p> </p>
<p><a href="http://www.florida-future-realty.com/cape-coral-real-estate-cape-coral-short-sales-for-sale">Cape Coral short sales</a></p>
<p><a href="http://www.florida-future-realty.com/fort-myers-real-estate-ft-myers-short-sales-for-sale">Fort Myers short sales</a></p>
<p><a href="http://www.florida-future-realty.com/lehigh-acres-short-sale-real-estate">Lehigh Acres short sales</a></p>
<p><a href="http://www.florida-future-realty.com/east-ft-myers-short-sales-for-sale">E Ft. Myers short sales</a></p>
<p><a href="http://www.florida-future-realty.com/north-ft-myers-real-estate-n-ft-myers-short-sales">N. Ft. Myers short sales</a></p>
<p><a href="http://www.florida-future-realty.com/estero-real-estate-short-sales-in-estero-florida">Estero short sales</a></p>
<p>You can search for all of the properties available in Lee County right online from the comfort of wherever you have internet access. Our website contains a user friendly real estate search engine and is 100% free to use. Go ahead, check it out: <a href="http://www.florida-future-realty.com/real-estate-home-search">Lee County Real Estate</a> Compare properties, see photos, get notified of new listings that match your criteria, save your favorites, schedule showings and more!</p>
<p>We look forward to hearing from you!</p>
<p>Yours in Success,</p>
<p>Susan Milner</p>
<p>Florida Future Realty, Inc.</p>
<p> 239-542-8521                   </p>
<p>Copyright 2008</p>
<p><a class="a2a_dd" href="http://www.addtoany.com/share_save?linkname=Cape%20Coral%20Real%20Estate&amp;linkurl=http%3A%2F%2Fwww.SusanMilner.com"><img src="http://static.addtoany.com/buttons/share_save_256_24.gif" width="256" height="24" border="0" alt="Share/Save/Bookmark"/></a><script type="text/javascript">a2a_linkname="Cape Coral Real Estate";a2a_linkurl="http://www.SusanMilner.com";a2a_num_services=20;</script><script type="text/javascript" src="http://static.addtoany.com/menu/page.js"></script></p>
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		<item>
		<title>Cape Coral short sales and Cape Coral Foreclosures</title>
		<link>http://susanmilner.com/2008/09/cape-coral-short-sales-and-cape-coral-foreclosures/</link>
		<comments>http://susanmilner.com/2008/09/cape-coral-short-sales-and-cape-coral-foreclosures/#comments</comments>
		<pubDate>Sun, 21 Sep 2008 14:25:03 +0000</pubDate>
		<dc:creator>Susan Milner</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[Cape Coral Real Estate]]></category>
		<category><![CDATA[Cape Coral short sales]]></category>
		<category><![CDATA[cape coral bank owned]]></category>
		<category><![CDATA[cape coral foreclosures]]></category>
		<category><![CDATA[invest in cape coral]]></category>

		<guid isPermaLink="false">http://701881</guid>
		<description><![CDATA[Are you looking for a great deal with a Cape Coral Short Sale or a Cape Coral Foreclosure? We can send you a new list each week for your review. Just select from below what you are looking for and we&#8217;ll do the rest. The list will be sent via email so make sure your [...]]]></description>
			<content:encoded><![CDATA[<p>Are you looking for a great deal with a Cape Coral Short Sale or a Cape Coral Foreclosure? We can send you a new list each week for your review. Just select from below what you are looking for and we&#8217;ll do the rest. The list will be sent via email so make sure your email address is correct!</p>
<p> </p>
<p>Yours in Success,</p>
<p>Susan Milner</p>
<p>Florida Future Realty, Inc.</p>
<p>(239) 542-8521</p>
<p><a href="http://www.Florida-Future-Realty.com" target="blank">Cape Coral Real Estate </a></p>
<p><a href="mailto:Susan@SusanMilner.com">Email Susan</a></p>
<p>Copyright 2008 Susan Milner</p>
<p><a class="a2a_dd" href="http://www.addtoany.com/share_save?linkname=Cape%20Coral%20Real%20Estate&amp;linkurl=http%3A%2F%2Fwww.SusanMilner.com"><img src="http://static.addtoany.com/buttons/share_save_256_24.gif" width="256" height="24" border="0" alt="Share/Save/Bookmark"/></a><script type="text/javascript">a2a_linkname="Cape Coral Real Estate";a2a_linkurl="http://www.SusanMilner.com";a2a_num_services=20;</script><script type="text/javascript" src="http://static.addtoany.com/menu/page.js"></script></p>
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		<title>Invest in Short Sales &#124; Cape Coral Short Sales &#124; Ft. Myers Short Sales</title>
		<link>http://susanmilner.com/2008/08/invest-in-short-sales-cape-coral-short-sales-ft-myers-short-sales/</link>
		<comments>http://susanmilner.com/2008/08/invest-in-short-sales-cape-coral-short-sales-ft-myers-short-sales/#comments</comments>
		<pubDate>Fri, 29 Aug 2008 19:21:16 +0000</pubDate>
		<dc:creator>Susan Milner</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[Cape Coral Real Estate]]></category>
		<category><![CDATA[Cape Coral short sales]]></category>
		<category><![CDATA[Fort Myers Real Estate]]></category>
		<category><![CDATA[Fort Myers short sales]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[SW Florida Real Estate]]></category>
		<category><![CDATA[cape coral florida]]></category>
		<category><![CDATA[cape coral foreclosures]]></category>
		<category><![CDATA[cape coral ivnesting]]></category>

		<guid isPermaLink="false">http://665878</guid>
		<description><![CDATA[Invest in Short Sales &#124; Cape Coral Short Sales &#124; Ft. Myers Short Sales Are you interested in Cape Coral short sales? Want to hear the truth about them? Do you and/or your agent understand them? One thing that I think is VERY important is to note the source of the information you find. How [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Invest in Short Sales | Cape Coral Short Sales | Ft. Myers Short Sales </strong></p>
<p>Are you interested in <a href="http://www.findcapecoralrealestate.com/cape-coral-real-estate-how-short-sales-should-work-our-opinion">Cape Coral short sales</a>? Want to hear the truth about them?</p>
<p>Do you and/or your agent understand them?</p>
<p>One thing that I think is VERY important is to note the source of the information you find.</p>
<p>How many short sales has this agent been involved with? How many have actually CLOSED?</p>
<p>Getting bad advice is possible so you need to understand where this information is coming from.</p>
<p>Would you take advice about building wealth from someone currently in poverty? No, of course not. Then why would you take advice on short sales from someone who has never closed on one?</p>
<p>As of today, 626 residential short sales have closed in Lee County since January 1, 2008. The average days on market was 145. That is from list date to sale date.</p>
<p>I pulled out a ranking report ~ by agent ~ by sold counts as listing agent ~ sorted by # of closed listings.</p>
<p>I rank #5. Susan Milner of Florida Future Realty: #5 in residential short sales closed out of our entire MLS for this time period of Jan 1, 2008-Aug 28, 2008. 2 of the agents listed above me are brokers and take credit for every sale in their entire office. I am also the broker at Florida Future Realty but I do not take credit for my agents&#8217; listings. The rankings were all my listings. A couple of them were referred by agents in my office but I was the listing agent.</p>
<p>So, being ranked #5 out of a total of over 5,000 agents in our local board of REALTORS I consider myself a good source of information on short sales.</p>
<p>Do I claim to know everything about short sales? <strong>No, of course not.</strong> But I would be a better source of information than someone who has never handled a short sale through to the end.</p>
<p>Everyone&#8217;s situation is unique to them and a seller should seek the counsel of an experienced attorney and/or tax accountant to make sure that a short sale is their best option.</p>
<p>Often times these agents and/or you, their customer, do not have all of the information or knowledge to make an informed decision about short sales.  Before you make a decision do your homework.</p>
<p>If you have a question about <a href="http://www.findcapecoralrealestate.com/short-sale-help">selling your house as a short sale </a>or a question regarding purchasing a short sale, please give our office a call. We are here to assist you with your real estate needs. Having the added experience with these short sales gives us an advantage in assisting our customers with their short sale buying or selling needs.</p>
<p>We also handle <a href="http://cape-coral-homes.us/2008/08/28/cape-coral-real-estate-lee-county-market-heats-up/">bank owned properties</a>. Often times these homes are priced so well that buyers are experiencing multiple offer situations and the properties typically sell for higher than list price in these cases.</p>
<p>We price our short sales correct with the market. This provides a much higher likelihood of the short sale being approved and it provides for an easier process for all involved.</p>
<p>Want to see our current short sales?</p>
<blockquote><p><a href="http://www.florida-future-realty.com/cape-coral-real-estate-cape-coral-short-sales-for-sale">Cape Coral short sales</a></p>
<p><a href="http://www.florida-future-realty.com/fort-myers-real-estate-ft-myers-short-sales-for-sale">Fort Myers short sales</a></p>
<p><a href="http://www.florida-future-realty.com/lehigh-acres-short-sale-real-estate">Lehigh Acres short sales</a></p>
<p><a href="http://www.florida-future-realty.com/east-ft-myers-short-sales-for-sale">E Ft. Myers short sales</a></p>
<p><a href="http://www.florida-future-realty.com/north-ft-myers-real-estate-n-ft-myers-short-sales">N. Ft. Myers short sales</a></p>
<p><a href="http://www.florida-future-realty.com/estero-real-estate-short-sales-in-estero-florida">Estero short sales</a></p></blockquote>
<p>You can search for all of the properties available in Lee County right online from the comfort of wherever you have internet access. Our website contains a user friendly real estate search engine and is 100% free to use. Go ahead, check it out: <a href="http://www.florida-future-realty.com/real-estate-home-search">Lee County Real Estate</a> Compare properties, see photos, get notified of new listings that match your criteria, save your favorites, schedule showings and more!</p>
<p>We look forward to hearing from you!</p>
<p>Yours in Success,</p>
<p>Susan Milner</p>
<p>Florida Future Realty, Inc.</p>
<p>  239-542-8521          </p>
<p>Copyright 2008</p>
<p><a class="a2a_dd" href="http://www.addtoany.com/share_save?linkname=Cape%20Coral%20Real%20Estate&amp;linkurl=http%3A%2F%2Fwww.SusanMilner.com"><img src="http://static.addtoany.com/buttons/share_save_256_24.gif" width="256" height="24" border="0" alt="Share/Save/Bookmark"/></a><script type="text/javascript">a2a_linkname="Cape Coral Real Estate";a2a_linkurl="http://www.SusanMilner.com";a2a_num_services=20;</script><script type="text/javascript" src="http://static.addtoany.com/menu/page.js"></script></p>
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		</item>
	</channel>
</rss>
