North Port, Florida has 135 Bank Owned REO's and Short Sales on the Market starting at less than $50/sq ft.
The lot/land market has prices moving up, but prices are still 90% below the 2005 high prices .
The City of North Port, in Southwest Florida was one of the centers of the 2007/11 Real Estate Bust but it is recovering quickly. This beautiful city near the Gulf of Mexico has only 135 distress homes available, down from over 700 two years ago. The best value foreclosures & Short Sales get sold in less than a week, draw multiple offers , and often sell over list price. Buyers need to be ready to act quickly.
There is a real opportunity to make money in the lots/land market because builders are starting to buy lots again. Prices are up 50% over 2012 but are still 80 to 90% below the 2005 peak prices.
I want to help you set up a process to help you find the best deals for houses or lots, the ones that will "cash flow" as investments. If you are interested in houses, I'll set up a search for you to notify you immediately when a new house meeting your parameters comes on the market. For land, I'll set you up a search for Prime Location or Class A, B or C lots. ( See Recent Lot Sales for Definitions ).
The rental market for single family homes is very good, especially for houses renting under $1,200/month. Rental rates are running about $0.60 to 0.70/sq ft per month for homes in good condition.
Send me an e-mail at firstname.lastname@example.org if you want me to do a custom search of houses or lots. These searches have instantaneous updates as the properties are loaded into the MLS system.
The North Port land/lots market is recovering quickly. If you purchase well-located lots in North Port, your medium term returns could be over 200% if prices return to 50% of their peak prices. All the featured lots are in good locations with Prime Locations being the best, Class A Locations are very good, but most Classes B and C lots are speculative.
Buying a Foreclosure or Short Sale? Not every home for sale in North Port can be found on the Internet. Let my direct access to all the listings help you locate the best investments in the most efficient way possible.
To set up your own custom MLS search and get daily updates of new listings and sales, just click HERE. Pick out where, what, and what price target you have and you will be sent all the bank-owned properties or short sales that meet your criterion with new listings and sales updated daily. For a list of this week's best foreclosure deals, click HERE .
Selling an Underwater Property? If you are underwater in your mortgage, I'll help you arrange a "Short Sale". The key is setting an attractive price that will get offers. Banks normally won't work with you on short sales until you have an offer and until you are at least a couple months behind on your payments. If you have sufficient income to continue paying your mortgage or you have significant other exposed ( to Creditors ) assets, you may not be a good candidate for a short sale. In Florida, lenders can go after deficiencies from short sales and foreclosures for up to 20 years. Make sure you have competent legal advice before you start this process. Click on the link "Facing Foreclosure" to learn more about short sales. If you are really deep in the hole, you might consider bankruptcy, click on the link "Bankruptcy Resources" for more info.
|Relocating to the North Port Area? If you are moving to this area, I can provide you with helpful information so that your move is as worry free as possible. Feel free to contact me for local information like the best schools and communities.|
Your complete satisfaction is my #1 goal because if you're satisfied, you will refer me to your friends.
Weekly Mortgage Rates
Freddie Mac National Averages
|30 Yr Fixed||4.10%|
|15 Yr Fixed||3.25%|
|5 Yr Fixed||2.97%|
|1 Yr Fixed||2.39%|
Featured Properties and Best Buy Updates
Click on any featured property to see more details.
Very frequently I update the featured listings. Very few of these listing are mine, they are selected based on my judgement of the best bank owned foreclosure/short sale and other buys available on the market in North Port. I specialize in helping investors buy houses that "cash flow" and home buyers get great deals on distressed properties. If you need more photos or more info about a listing, let me know.
I also send out e-mail alerts when I update the featured listings, when I see some especially compelling deal or when I send out a market activity report. Sign up for these alerts by clicking on "E-mail Alerts"