How to Buy Foreclosure

By | Foreclosure Advice | No Comments

It is hard to evaluate the prices offered on bank owned foreclosure homes.  Some are extremely good deals  and others, not so much.  So what should you expect and what should you be on the look-out for?

Unless the home is part of a development where yard maintenance is included, landscaping is almost always destroyed inspectdue to lack of maintenance but more importantly from lack of water.  It is my experience that there is no inexpensive way to resolve this.  When Florida turf grasses and unwanted weeds such as nutsedge take over , they cannot be brought under control without completely killing all vegetation and following up with new sod.  Careful inspection of landscaping plantings is necessary to estimate what can be saved and what will need to be replaced.  This is an expense that is often overlooked since it is not necessary for move-in but must be considered when comparing it to other Fort Myers FL homes for sale that are not in foreclosure.  This is a substantial expense and your ability to fund it over and above your other expenses should be a serious consideration.

Next there is the structure itself.  First and foremost is the determination about whether the home has Chinese drywall.  Nothing can cause more distress than finding out the home you purchased has the dreaded Chinese drywall.  The first sign is a fowl odor (many compare it to rotten eggs).  Next, remove a switch or outlet and inspect the wire.  Homes that have Chinese drywall will corrode the exposed wire.  Easiest to inspect is the bare ground wire.  I have seen them corroded so badly that they look as if they have black insulation on them.

The next concern is mold.  While sophisticated air quality tests can be performed, a visual inspection is easy and should be done any time you view a home.  We all live with some mold.  Can any of us really say that we haven’t put off cleaning that shower a little too long and seen a bit of mold.  The problem comes in when water enters for any reason and circulation is not provided.  Many of these homes have had the power turned off so be extra cautious about mold exposure.

Last tip on how to buy foreclosure homes is overall condition.  For some this is not a concern since they enjoy painting and carpeting and making a home their own.  Others shutter to think about such undertakings to say nothing of the expense.  In the end most of these “bargain homes” require a great deal to bring them up to your own and subdivision standards.  They still can provide opportunity and value but before taking that big step consider the total picture and be sure that you go in with your eyes wide open.

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By | Market Report | No Comments

Thank you for visiting the “home” of Fort Myers FL Homes. With the ever changing market, we are always coming across amazing new opportunities to buy or sell in Southwest Florida. Feel free to search around the website and even look at the “Find A Home” tab above for current deals on the market.

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“Brad Dohack came through when I needed assistance looking for a place to live within a short crunch of time. I’d been looking for a condo that fits my needs in SWFL and Brad found me properties that other reputable agents couldn’t even find. I had two weeks left before the move date and no properties I’d seen with other agents felt right to me.

Brad pulled through and on the first day of his offerings, he showed me the perfect condo that I ended up signing for later that week. I thought it was just luck, but Brad Dohack is just a very skilled, courteous and prompt Realtor that gets the job done right! I felt comfortable working with Brad, as he takes his time with people and is an honest and very friendly professional.

Thank you Brad, you have everything it takes and more! You’ll be in the best hands with Brad as your agent and I would definately work with him again and recommend the Dohack group to others.” ~Holly

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