While Marco Island has not had the high foreclosure rate that most of Florida has endured in recent years, we've certainly had our share. Satisfaction among buyers of these homes runs the gamut from ecstatic to heartbroken. There have been some great deals and a few nightmares, too.
Buying a Naples or Marco Island foreclosure is not for everyone. Most of us are not experienced in evaluating the structural integrity and systems of well-maintained homes not to mention those of a neglected or damaged property. The remedies and repairs necessary to foreclosures are almost always more complicated and more expensive then they appear to be.
If your foreclosure purchase doesn't work-out, there's no one to call. The risk is all yours as the buyer of
…
This one isn't gonna last, people. If you're looking for a bargain on a water-direct home, this might be the one. For those of you wondering what "water-direct" means, it is a property from which passage under a bridge is not required to reach the Gulf by boat. Usually, they also have quicker Gulf access also. Check out this listing here.
Wow! I've been telling you that the low-end is evaporating but we still see something under $50,000 once in a while. If you're a first-time buyer, investor, or on a fixed income, we have a deal for you. This home in south Naples is a foreclosure that just came on to the market this week. Built in 1977, it's a ranch and has 1292 s.f., three bedrooms and 2 baths.