Botanica Lakes Short Sales – Worth the Wait?

By September 24, 2010 Market Report No Comments

Botanica Lakes Short Sales

Botanica Lakes Short Sales

No doubt about it, Botanica Lakes is a very nice gated community in Fort Myers.  It is located near the airport, I-75, and shopping.  The community also has many great amenities that attract people from everywhere.  Whether it’s the resort-style pool, tennis courts, gym or playground, there are amenities for everyone.

I recently had clients in town who were interested in purchasing one of the Botanica Lakes short sales.  You see, short sales and foreclosures are the best priced deals on the market, so it is very understandable why people want to buy them. 

There is 1 MAJOR difference between the 2 types of sales.  You see, Botanica Lakes foreclosures are very cut and dry.  You know the price the bank has listed the home at and – in most cases – you know that the property will have multiple offers.  Nowadays, many times it takes bidding over asking price to get a great foreclosure when it hits the market.  The best part about the foreclosure is that you know when you will close on the property.

Botanica Lakes short sales are quite the opposite.  In nearly all cases, you have no idea how long it will take to close on the short sale.  The best case scenario is that the price has already been pre-approved by the bank and you know what it will take to get the job done.  You will want to make sure that you hire a great real estate agent to know which questions to ask to make sure you are not wasting time putting an offer on a home that may NEVER close. 

In the end if you have to be in your home by a certain timeframe, purchasing a Botanica Lakes short sale may not be the best bet.  On the other hand, if you have time to wait, you can pick up some amazing deals in the community.  For more information about the community, here is a 2 Cent Video Tour of Botanica Lakes Fort Myers.

Information Provided by:

Brad Dohack
The Dohack Group of Absync Realty
p: 239-963-4811
f: 866-742-2132

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Licensed REALTOR® with Absync Realty

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