Cape Coral Real Estate Broker Associate Scott Slocum  

Cape Coral Florida Bank Owned REO Foreclosure property and homes are available now at very reasonable prices.  Cape Coral and other cities in our region have become a prime opportunity for those looking to purchase a new home, condominium, multi-family income producing, or vacant land.

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As of this morning we have:

1. Single Family Homes starting under $40,000
2. Condos starting under $30,000
3. Income Producing Duplex (and larger) starting under $70,000
4. Vacant Quarter Acre building lots starting under $9,000

The prices obviously increase from that price range. This is something to keep in mind when bidding on these properties. We have noticed that some of the asset managers have had the listing agent set the listing prices low to draw an increased interest in the property.

Now we have seen just the opposite too. There are properties with listing prices slightly higher than the rest of the properties on the market. Many of these properties will encounter higher days on market time. I started suggesting to recent customers to bid on these properties rather than the lower of the low priced ones that will draw 10 offers overnight at times. The results have been impressive on the higher priced high days on market properties.

They key to buying a Cape Coral Bank Owned, REO, or Foreclosed property is to trust the judgment of your REALTOR when placing an offer on these properties. Have them pull comps to see if the price is a dream or reality. You may be in a position where you will want to bid over or under the listing price depending on the comps, the days on market, and activity on the individual property.

If you are interested in purchasing a Bank Owned, REO, Foreclosure, or Foreclosed properties in the Cape Coral, Fort Myers, and Greater Lee County FL area contact me today.

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 Additional Questions? Contact me today or call me direct.

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Scott Slocum, REALTOR
Licensed Real Estate Broker Associate
Florida Future Realty, Inc.
2816 Del Prado Blvd South Unit 2
Cape Coral FL 33904
Direct:  239-340-1384     
ScottSlocum@FloridaFutureAgents.com
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