There Is A Lot Of Short Sale Inventory In Fort Myers. Will My House Sell?

This is a great question by Scott

This is a great question by Scott. I am unsure exactly where his location is in Lee County or Collier County. He asks: "Problem is, there is about 15 houses for sale on my block and I don't even think ours would even sell in a short sale?"

Yes, there are short sale inventory that sit on the market for long period of time in Southwest Florida. And in some cases, unfortunately turns into a foreclosure because they were not competitive and the property did not short sell.

Answer: It is imperative to have a team of professionals who know what they are doing in terms of how to handle a short sale correctly and know market conditions and trends in order to price correctly as well as act quickly if values continue to diminish.

Other tips for the seller include: Treat your property as if it is a normal, traditional sale. That means, keep your the inside clean and tidy, maintain your lawn and shrubs and make sure you electricity is always ON.

There is a lot of inventory on the market that you will compete with but will must have an edge as long as you maintain your property. Drive by your competition of short sales and foreclosures in your southwest Florida market. Or get your agent to show you the real estate in direct competition with you. You will see houses with high grass, vandalism, missing AC units, busted water softeners, a bunch of trash, etc... When you walk into these properties they are hot and uncomfortable to be in - Some of which you have to literally have a flashlight to walk the property.

Even though it is a bad time for your situation, you must consider your purchaser in order to have an edge. If you were making a purchase wouldn't you want to walk into a well groomed, frigid, nice smelling home??

Not all buyers are "investors" trying to make a buck on your home. Many are first time homebuyers.

Bottom Line... You will make it beneficial for everyone including yourself by maintaining your property.

Thank you Scott for the great question!

by: Steve Daria

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