Buying a foreclosure in Cape Coral, Florida

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So you want to purchase a property in foreclosure here, in Lee County in general and in Cape Coral in particular? Good move. It’s time to buy. Properties values are increasing little by little, month after month since spring 2010 and you can expect a sweet equity very soon, especially if your purchase a Cape Coral foreclosure.

However, lots of potential buyers I talked to believe that if a foreclosure is price at, let’s say, $100,000, they can offer 10% or 20% less than the asking price, empowered by a solid down payment, and thinking that after all, it’s foreclosure time for everyone.

Well, the reality is not as simple.

So far, 100% of my buyers who actually were successful at purchasing a foreclosure, paid more than asking price.
And, all of them learnt how to get that property after several offers. Some below asking, where they were outbid. A few at asking price, where they were outbid. And finally their own purchase, paid at higher than asking price, like everybody else.

So, contact me if you want to purchase a foreclosure in Lee County, but make sure to be ready:

1) Get your Pre-approval document

A foreclosure’s owner is a bank or sometimes a person or a company who made a private financing for the buyer. You will most likely make an offer to a bank though. Banks are not in the Real Estate business but in the money business. Therefore, they don’t want to waste any time and want to make sure that the next buyer is fully capable of buying. They will not review your offer if there is not a pre-approval document, signed by your bank or mortgage broker even if your offer is twice their asking price. A pre-qualification will not help. Just get your pre-approval in hand.

2) Get your proof of fund for the down payment.

Most banks, if not all of them, required a proof of fund for your down payment or if you plan to pay in cash. If the bank can’t see a proof that you have the money, they will not sign your offer. Period.

3) Be prepare to offer a price HIGHER than the asking price.

For this one, you will have a hard time to believe me. Fair enough. But know right now that 95% of the time, your below asking price or even your asking price offer will not fly. I have seen attractive foreclosed homes sold with an easy 15% higher than asking price. So be prepared.

Now, don’t make me wrong. Ultimately, you will be the buyer, the one who will pay and with the last word. But then again, you’ll be entering in the club of the buyers who need a proof of what I’m saying here.

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Comments (0) Oct 24 2010

Some good reasons why it’s time to buy

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At the peak from the housing bubble, plenty of people today thought a house was the key to riches. Now they’re wondering if buying a residence even makes sense anymore.

You are able to get a residence at a bargain price now — particularly should you play hardball. This is a buyer’s market. Most of the other buyers have vanished since the tax credits on purchases expired.

We’re four to five years into the biggest housing bust in modern U.S. history. And costs have come down a long way — about 30% from their peak, according to the S&P/Case-Shiller Indices, which track home prices in cities across the country. Yes, it’s mixed. New York’s prices are down only 20%. Arizona’s have been halved.

Will prices fall further? Sure, they could. You probably won’t catch the bottom, but it doesn’t really matter so much in the long haul.

You may get a 30-year residence loan for about 4.3%. What’s not to like? These are the lowest rates on record. As recently as two years ago, they were about 6.3%. That drop slashes your monthly repayment by a fifth.

If inflation picks up, you won’t see these mortgage rates again. And if we get deflation and rates fall further, you may refinance.

It is possible to deduct mortgage interest from your income taxes. It is possible to deduct your real-estate taxes. And you’ll get a tax break on capital gains — if any — when you sell.

Sure, you’ll need to do your math. You’ll get the income tax break only when you itemize your deductions, and you may be better off taking the standard deduction instead. The tax breaks are more valuable the more you earn and the bigger your mortgage. But many men and women will find that these breaks mean owning costs them less, often a lot less, than renting.

When you own, you’ll be able to have the kitchen and bathrooms you want. You’ll be able to move the walls, build an extension — zoning permitted — or paint everything bright orange. Few landlords are so indulgent; for renters, these types of changes are often impossible.

Also, you’ll feel better about your residence in case you own it. Many years ago, when I was working for a political campaign in England, I toured a working-class northern town. Prime Minister Margaret Thatcher had just begun selling off public housing to the tenants.

“You can tell the ones that have been bought,” said my local guide. “They’ve painted the front door. It’s the first thing individuals do when they buy.”

It was a small sign that said something big.

In many parts of the country, it can be hard to find a good rental. All the best places are sold as condos. Money talks.

But this is really a case-by-case issue: In Miami right now there are so many vacant luxury condos that owners will rent them out for a fraction of the cost of owning. Generally speaking, however, in case you want a good home in the best neighborhood, you’re better off purchasing.

Although housing can’t entirely protect you from inflation, studies by professor Karl “Chip” Case, of Case-Shiller, and others suggest that over the lengthy term, housing has tended to beat inflation by a couple of percentage points a year. That’s valuable inflation insurance, specially if you’re young, raising a family and thinking about the next 30 or 40 years.

In the recent past, inflation-protected government bonds or Treasury inflation-protected securities offered easier forms of inflation insurance. But yields there have plummeted of late. That also makes homeownership look a little better by contrast.

Your residence isn’t the stock market, and you shouldn’t view it as a way to get rich. But if the economy does surprise us all and start booming, sooner or later real-estate prices will head up again, too.

One lesson from the past few years is that stocks are incredibly hard for most normal individuals to own in large quantities — for practical as well as psychological reasons. Equity in a house is another way of linking part of your portfolio to the long-term growth from the economy — if it happens — and still managing to sleep at night.

If you are able to rent an apartment for $2,000 a month instead of buying one for $2,400 a month, renting may make sense. But will you save that $400 for your future? Most people won’t.

Once again, you have to do the math, but the part of your mortgage payment that goes to principal repayment isn’t a cost. You’re just paying yourself by building equity. As a forced monthly saving, it’s a good discipline.

There is a glut of homes in most of the country. The National Association of Realtors puts the current inventory at around 4 million homes. That’s below last year’s peak but well above typical levels and enough for about a year’s worth of sales.

More homes keep coming onto the market, too, as the banks slowly unload their inventory of unsold properties. That means great choice as well as great prices.

Demand and supply will meet. The U.S. population is forecast to grow by more than 100 million men and women over the next 40 years. That means maybe 40 million new households looking for homes.

Meanwhile, this housing glut will work itself out. Many of the homes will be bought. But many more will simply be destroyed — deliberately or by inaction. This is already happening. Even two years ago, when I toured western Florida, I saw bankrupt condo developments that were fast becoming derelict.

And, finally, a lot from the glut simply won’t matter to you. It’s concentrated in a few areas, such as Florida and Nevada. Unless you live there, the glut won’t have any long-term impact on housing supply in your town.

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Comments (0) Oct 19 2010

Get a vlog and begin vlogging instead of blogging

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The thing is, marketing experts, internet gurus, marketing specialists and tech consultants have all predicted that films within the net are the subsequent large wave that’ll reshape the world wide web landscape. You may believe it already has with YouTube, but in actuality, there exists still so much a lot more to come.

It is possible to see new campaigns from clothing brands like Diesel where their on the internet videos act as a catalogue. Their online video, which is often noticed about the official Diesel web site, quickly halts any time your mouse cursor hovers around it. At the same time, it also reveals far more details with the clothing becoming shown by their actors at that incredibly moment.

Another new approach to use video tutorials online may be witnessed with Adidas as they integrate brand-new shoes with games on their web page. You may use your shoe as a gun or some sort of other device on their site. This brings a extra interactive utilization of one’s new footwear.

A lot more than that, video tutorials online merely give customers yet another outlet to require in their media. It can complement the photographs you’ve taken and articles you’ve written. I mean, let’s face it, far more individuals would rather look at a movie than read a book. So videos on-line are no doubt an simpler and more attractive technique to consume on the web media. Moreover, I’ve no doubt that there exists a have to have inside marketplace for this.

What I’m attempting to say is that there’s a gap inside the marketplace that needs to become filled. You may be that subsequent site with hundreds of thousands of followers. You can be that upcoming video clip weblog that can catch the attention of publishers.

The top bloggers of nowadays are media powerhouses of their very own. They get paid to promote and advertise. These influential bloggers even get a lot more viewers than some magazines do.
So let me give you some advice right now: there aren’t plenty of video clip blogs out there yet. Get started and your picture website may very well be that outlet you need to be the next World-wide-web superstar.

Everyone who has taken a take a look at YouTube within the previous year will have surely noticed the sheer number of movie bloggers. They call themselves vloggers although giving the viewer the rundown on their day-to-day. In this video modifying tutorial, you may learn the basics of vlogging.

By default, vlogs tend to become extremely informal videos. They are generally shot on cameras like the Flip and even on cell phones. For this reason, enhancing these films is not really involved. In reality, a lot of folks won’t edit their vlogs at all since they’re supposed to be quite candid and open with their viewers in these video clips. They consider that editing degrades and also takes away this genuineness. This makes vlogging both simple and accessible to a great multitude of people today.

The 1st step to vlogging entails having something to say. No one wants to sit and view you inform the photographic camera that you just sat at house all day. You completely is not going to have any repeat viewers in the event you don’t speak or do anything fascinating. This being stated, give your movies a purpose. Inform men and women about your new niece or nephew. Tell them about your secret love of underwater basket weaving. Inform them something. You’d be surprised at the sort of details people today are interested in.

Once you’ve some thing to talk about, you are going to will need a camera and a strategy to publish your video. As far as the photographic camera is concerned, it is critical to have a thing that produces decent top quality video. A great deal of people today will use their iPhones and other cell phones, and you can find quite a few cameras within the market that are under the $200 mark. Whatever you pick, it ought to be portable mainly because people today will only look at your bedroom wall for so extended. Bring your vlogs with you once you go to the mall and if you go to a friend’s house. Ideally, you’d require this camera everywhere. This way, you are going to usually have it when the mood strikes you to create a video clip.

Now that you just have picture, you’ll need to upload it. Nonetheless, the initial couple vlogs you make will in all probability be pretty poor due to a lack of comfort in front of the photographic camera. There will likely be a lot of time if you are saying “um” and “uh.” Don’t be concerned! You may have possibilities. You can upload the video as is, watching your self enhance as you make more and more video tutorials, OR it is possible to edit these out in a simple program like Windows Movie Maker or iMovie. Should you pick to take the modifying route, it truly is certainly a great notion to trim your videos down as nicely. Most vlogs ought to be anywhere from two to five minutes extended. If you are pushing ten minutes, you ought to require a appear and cut out some from the less vital parts.

When your online video is finally on the web, give by yourself a pat about the back because it will probably be a even though ahead of anybody else does. Unless you already have a thriving base of viewers, your vlogs won’t obtain as well quite a few views initially. You are going to also encounter the “trolls,” which are men and women that comment on video clips saying issues like, “fake.” As I mentioned just before, don’t worry! This is really a part of gaining success. It may take a number of video clips prior to you start acquiring views, and as a lot more individuals look at your videos, much more people will post rotten comments. That is certainly just the way details are, but you can’t let it stop you from producing much more films.

In just the past few years, technology has advanced so rapidly. Not merely does everyone now possess a cell phone but now it’s incorporated in every single cellphone is the capacity to acquire images and movie. Whenever there is certainly a major information story, video nearly immediately is made available and generally the online video from the public commonly hits the web before actual information sources are able to. Not merely that, but the news sources commonly grab movie from the world wide web to instantly use about the news cast even though they wait for their own information teams to get the footage prepared.

Video Blogs are also recognized as vlogs. Just like it sounds like, Vvogs are just like blogs but as opposed to textual content, individuals use video to share their opinion with their readers and also the rest of the world. As you are able to imagine Vlogs have loads of advantages through textual content blogging. First, video clip is much more appealing then textual content. It requires extremely little effort for the subscriber to acquire it. Plus, the possible of excitement around a online video blog is commonly a fantastic deal higher then your typical text weblog.

You’ll find some disadvantages that vlog providers should deal with as well. As an example, films need a ton a lot more server space. Also, uploading a picture could acquire plenty of time as effectively depending on your bandwidth. It could possibly take 20 to 60 minutes just to upload one particular vlog. Also, depending to the load times of one’s videos, your viewers may well turn into impatient and move on.

In regards to marketing, it’s fairly uncomplicated to turn a profit through utilizing your Picture Web site. Promotion may perhaps be used in your internet site that provides the movie or you’ll be able to also embed the marketing within the video. You’ll be able to start with Google AdSense and as your audience grows, swap through to an promotion media that is certainly a bit a lot more lucrative like selling banner space from your web page.

Although you may possibly not be able to retire on proceeds from your 1st Movie Blogging endeavor, you could possibly have the ability to generate some additional money for a vacation or even your up coming internet site project.

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Comments (0) Oct 17 2010

Life of a Real Estate agent

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I know that the career of a true Real Estate professional is hard. Even though the public appears to assume we make a lot of money for incredibly little effort, WE know what our jobs entail, specifically if we produce a lot more than the average agent.

I, personally, have found that the far more effort I put into a listing the greater the chances it will promote more rapidly than one that comes on the market and sits there waiting for agents to develop and to show it…just like the saying: “The squeaky wheel gets the oil”, a home will market swifter if the listing agent does the subsequent with out fail:

1. Price tag it as close to your real promoting selling price as achievable.
2. maintain the property in the public eye as a result of open houses, advertising, Web exposure.
3. Make the local agents mindful in the property as typically as possible as a result of agent open houses.
4. Make certain your photographs are top notch quality and also professionally shot in many instances.

So, what’s the major deal you say? Why should we not knock ourselves out for our clients and customers?

We Really should! I am saying that we DO knock ourselves out and we still get to hear how the public makes the assumption that, via a fast calculation of taking 6% of a sale price “anyone can see that the legitimate estate agent makes a fortune!”.!..never realizing that we only get a portion with the whole point, or that 6% is becoming an issue of past as well!

I believe it is time that our task description becomes public knowledge; most people want to know what it can be that we do for our clientele! I’m willing to pull from my own personal experiences what our task description definitely is. I feel it may well do a real service for the individuals who’re perched on the edge of joining the ranks of true estate professionals—it might be the distinction between a massive disappointment for an individual looking for a new career along with a nicely prepared professional who KNOWS from the begin, just how significantly function is THE AGENTS Job DESCRIPTION truly involved in this profession.

* Prepare to live without an income when you initial begin out.
* Cold calls on interesting properties for any buyer
* Preparation for your day of showings
* organizing showings–phone calls to set up appointment’s
* Pricing research–comparable sales
* planning for at least 6 months of carrying the listing and all associated cost.
* Photograph new listing–email files to marketing
* Advertising proposals–presentations that are polished and competitive to the other agencies.
* Investigation zoning and setback restrictions.
* Create a collection of service people including builders, carpenters, plumbers, electricians, painters, who’re accessible for consumers to use at the drop of a hat.
* Take the time to generate confident that new listings are clean and staged correctly for showings.
* Develop relationships with lawyers for the benefit of clients/customers.
* Travel to other cities for closings.
* Attend meetings on-sight for new construction sale.
* Attend informational seminars for much better preparation when working with clients/customers

Then you can find the EXTRAS.!.these are essential for one to develop into a top producer:

* Have been known to paint a fence, a bare, peeling wall, as well as to weed a side yard boarder garden.
* Prepare to speak to clients/customers at all times of day or night.
* Have added a de-humidifier to a wet basement.
* Have replaced a gasket in a leaky faucet.
* Have called an exterminator for your vacant residence and cleared out the mice that had moved in.
* Have taken photos, printed them up, labeled them and bound them for distribution for an Architectural Review Board meeting.
* Have waited in line at the Town Hall Creating Department for an hour to get survey/building envelope.
* Have made embarrassing cell phone call to someone telling them that the smells inside the home are overwhelming along with a a result I have had potential buyers leave the premises.
* Have had the late night cellphone call, in near hysterical tones asking,…no, begging me to go to the residence and turn off a faucet, or an oven in someones kitchen.
* Have had to endure verbal abuse and criticisms from a sellers wife after not closing the blinds in 1 of the bedrooms–when it was the housekeeper who forgot to complete it.
* Counsel owners when they’re losing their properties.
* Counsel new customers when they produce “Buyers Remorse”
* Turn out to be the middle man (woman) for your couple going by means of a divorce–keeping the peace.
* Needed to council a homeowner in an episode with his neighbor who laid claim to part with the owners land (adverse possession).

IT’S Hard Work!

Very well, as I am writing this I’m realizing that much more than half of what we do as legitimate estate agents has to complete with the “psychology” of purchasing and selling real property.It is vital to understand this simply because we can not market houses to human beings with out an emotional connection; we Must relate to our following–Seth Godin calls our subsequent TRIBES. The connection we have with our TRIBE outcomes in how successful we are…or not. To be able to make funds in this profession, we have to operate harder than we have ever worked in any other job!…and we ought to be as involved with our clients/customers as civility permits!

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Comments (0) Oct 14 2010

How to Deal With Duplicate Content and Articles Submission Sites

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As a Real Estate agent, I use to write my own articles about Real Estate in my area, including market news, sales analysis and anything that can be beneficial to my local clients.

I learned that unique content is a must for search engines like Google, Yahoo or Bing. They use to index your article’s page well, generating organic traffic to your site.
So far, so good.

However, I also use to re-write those articles of mine and submit them to several articles websites, like, and a couple of others.
Yesterday, one of my article submitted to was not accepted. The reason given was: “Your article was found published elsewhere without attributing you as the author”
So two options here: or there is a human behind reviewers and he or she most likely googled my article and found it on one of my 65 websites, creating a glitch right there, or
reviewing articles is made by a software and again, there is a glitch.

Again, I try to re-write them, in order to avoid duplicate content to the reviewers. For instance, this very article you are reading right now had been posted on one of my site. Does knows the site: most likely not. Therefore, if they’re doing their job correctly, this article will never see daylight on ezinearticle. And if it is published, they do not know who is the real author. Simple as that.

It seems the case as well with where I cannot get into my account anymore. I sent an email to them and see if there is a problem in my side or if I have been banned for duplicating my own articles.

One thing is clear though. Those articles directories reviewers are not really smart. And it shows. There is a good half-dozen way to verify if an article belong to someone, even if it appears the same on several websites. After all, if Google is not craving for duplicate articles, it’s only your own problem, the article owner.
Plus, there might be a conflict with Really Simple Syndication. It has been invented to retrieve somebody’s else content or article on your own website, making it duplicate.
It’s not a major deal at the first place but think about it, if your “little” site syndicate your article to an authority website, Google could believe that the authority site has the uniqueness of the content and you actually duplicated it!

Well,to make it short, there are still some thoughts for food about original duplicated content. Let’s just hope that articles websites reviewers get some common sense in the future, if not some intelligence.

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Comments (0) Oct 07 2010

Foreclosures in Lee County sharply down from last year

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There were 953 mortgage foreclosures filed in Lee County in September — up from 834 in August but down sharply from the 1,610 filed in September 2009, according to statistics released today by the Southwest Florida Real Estate Investors Association.

That’s a slight increase in the pace of foreclosures, which surged after the housing market collapsed in 2006 but then started to fall after reaching a peak of 2,665 in November 2008.

The increase likely isn’t a sign that a second wave of foreclosures is coming, said Jeff Tumbarello, director of the association.

“I don’t think we’ve got that many more to go through,” he said. “We’ve canceled out the boom.”

Source from The News-Press

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Comments (0) Oct 02 2010

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