A few weeks ago I received a phone call. The gentleman on the other end of the phone had read an article on CNN Money, regarding real estate auctions in Southwest Florida. He was particularly interested in an auction that involved a developer liquidating some standing, surplus inventory.
After I explained that the auction was last week I questioned him as to what he was looking for. Of course, killer deal, great investment, a steal were all terms that he used. I went on to explain that the Bonita Springs real estate market and the inventory on hand provides for a "killer deal" in almost any Bonita Springs neighborhood. It all depends upon equity the seller has or the amount a seller is willing to sell short, plus the buyer holding the property 3-7 years. Silence...
I can almost hear the voice in the buyer's head: Three to seven years? I want to flip it just like I see on HGTV!
The fact of the matter is, there are not home run, slam dunk deals like this sort of buyer wants. If was that simple real estate agents would be spankin' them out of the park left and right and working their own deals, not the public's deals.
I often wonder if some of the buyers looking for real estate "deals" aren't interested in getting a deal as much as they are interesting in seeing somebody weeping on the Lee County courthouse steps or crying at a closing because they've lost their Bonita Springs HOME. There is this morose, icky feeling I get when I see the saliva dripping from the teeth of a buyer that want this sort of a deal.
Simply put, "real life" real estate still happens. Sadly, people still get sick, die, get divorced, relocate, get job transfers and they have to sell their real estate in Bonita Springs. When sellers are motivated their real estate is priced to sell and priced to move, to meet their urgent needs. A real estate professional can help you find a home or condo, just like these seller's are selling.
So Buyers, what is the right way to find a great deal in the Bonita Springs real estate market?
- Buy quality Bonita Springs real estate
- Thoroughly research that neighborhood and the market in Bonita Springs
- Be certain to buy Bonita Springs real estate at a price that is a value
- Use and enjoy your Bonita Springs property for 3-7 years
- Call your C.P.A. to properly utilize IRS codes that will save you money over the life of the property ownership
When you're ready to find a home or condo in Bonita Springs contact Chris Griffith.