19Nov 2008 by Susan Milner

Cape Coral Real Estate Compared to Black Friday

Buyers, Cape Coral Real Estate, Cape Coral short sales, Opinion, SW Florida Real Estate
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'll compare the glossy store circulars to the real estate websites.   A couple will be lucky & will be able to buy one of the 3 50" flat screen t.v.s for $50. We'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't believe your eyes. But you get down here to see that the house needs a lot…
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19Nov 2008 by Susan Milner

Cape Coral Short Sales | Cape Coral short sale advice

Cape Coral Real Estate, Cape Coral short sales, Opinion, Sellers, SW Florida Real Estate
Cape Coral Real Estate - How Short Sales should work - 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 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.                 Document Collection   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)   Obviously the following that you’d normally complete:   CMA -…
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19Nov 2008 by Susan Milner

Cape Coral Real Estate | Cape Coral Foreclosures

Buyers, Cape Coral Real Estate, SW Florida Real Estate
Cape Coral Foreclosures - Great Opportunities for Buyers! Cape Coral, FL   Cape Coral buyers, Paul & Sharon came to visit me last week. They are looking for a nice home in Cape Coral, Florida. What they wanted was a slight stretch but we were able to find a few homes to go check out. Their hopes: SW Cape Coral / inground pool / city water & sewer / good condition / price under $100,000. I love a good challenge so we scoured the MLS (multiple listing service) and eliminated many on looks alone. We were left with 2 decent possibilities. As we go to head out the front door of Florida Future Realty, Inc., in walks Stephanie from ABC 7 News. She has interviewed me previously for another story. She…
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10Nov 2008 by Susan Milner

Cape Coral Homes Insurance – Affordability of Florida Insurance

Buyers, Cape Coral Real Estate, SW Florida Real Estate
Cape Coral Homes Insurance - Affordability of Florida Insurance As a Cape Coral real estate brokerage, we are often asked about the costs and availability of homeowners insurance in the SW Florida area. Many believe that the costs are very high and others wonder if it is even available. While many insurance providers have stopped writing in Florida after the busy Hurricane Season of years past, many more have opened up in Florida. Many insurance companies have been around for many years while others are new to Florida. There is an excellent website to give you an ideea of insurance costs. http://www.shopandcomparerates.com/HOCompareRates.htm You can click on 'lee county' for a list of companies and a quote from each. Next, you'll need to know about flood insurance. In my opinion, I…
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01Nov 2008 by Susan Milner

Tenants are you renting a pre-foreclosure?

Cape Coral Real Estate, Cape Coral short sales
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 place the tenants, we don’t think that is right, they were already there & typically prior to knowing about any type of pre-foreclosure issue with the owner.   Ok, fine. So how can we sell these homes with a tenant in place?   In the best case scenario, the tenants would work WITH us. If we sell the house to someone else BEFORE it forecloses their lease will remain in effect. Great. They still have…
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