Foreclosure Real Estate Isn’t Always The Best Deal
Sunday evening I met a buyer to look at a foreclosure home listing just North of Bonita Springs, Florida. The foreclosure real estate market in parts of Bonita Springs, Estero and South Fort Myers moves swiftly so we drove to look at the home right away. What seemed like a great deal ended up maybe not being what this young man really had in mind. The home listed was priced at about $100,000 which for that neighborhood is a great price. We once had an offer in that neighborhood that fell apart so we’re always watch and waiting for the next opportunity.
We weren’t two steps in the door and I looked at the buyer and said, “Mold.” I can smell right away since I’ve smelled it so many times. A little poking around and we actually found it, too. Black mold growing up the wall.
Buyers call me all the time looking for a foreclosure in Bonita Springs. They want a foreclosure home. They have to boy a foreclosure. They have a one track mind. I wonder if they think telling all their friends that they bought a foreclosure home in Florida is sexy. Hey, I can tell buyers right now that there are foreclosure deals, but there are also owners with equity that have to reduce to compete with short sales and foreclosures.
Follow me on this. Buyer John does the math for his beat all to hell, foreclosure home on Sunday in sunny Bonita Springs.
