McCarty Group Gives Tips to Marco Island Real Estate Buyers Seeking Florida Foreclosure Deals

Feb. 4, 2011 - PRLog -- Marco Island, FL - The McCarty Group, a Florida real estate team specializing in Marco Island properties, is releasing its Top Tips for Buying Marco Island Foreclosures.
Mike and Wendy McCarty of Keller Williams Realty say the tips apply to virtually all markets in the U.S. They say that while many buyers have heard that there are many foreclosures on the market, most don't understand these practical rules they can follow to save money.

Top Tips for Buying Marco Island Real Estate Foreclosures

1. Work with an agent who has access to foreclosure information
Many home buyers assume that all agents have access to foreclosure listings. It's important to ask.

“While banks vary greatly in their policies and ability to negotiate bargains, odds are increased dramatically when buyers follow these strategies for getting steep discounts on Marco Island real estate.”

2. Bank owned properties generally close faster than short sales
While short sales can be bargains, they also can take a lot longer. Some banks will negotiate in a timely manner on short sales, but most will prioritize properties they have already repossessed.

3. Always offer less than the asking price.
Don't assume that banks are firm on their price. Asset managers responsible for liquidating bank owned Marco Island condos are often willing to consider a lower offer.

4. Ask the bank to pay your closing costs.
The worst that can happen is that they say no. Sometimes buyers are surprised to find that banks can be quite accommodating when they want to.

5. Get pre-approved from the right bank.
When making an offer on a short sale, it's often strategically helpful to be pre-approved by the same bank. During negotiations, this may tip the scales in your favor.

Mike McCarty says that while banks vary greatly in their policies and ability to negotiate bargains, odds are increased dramatically when buyers follow these tips for getting steep
discounts on Marco Island real estate.

"We specialize in foreclosure and REO properties, and pride ourselves on our ability to negotiate good prices on them for our clients."

For more information:

Mike & Wendy McCarty
The McCarty Group
Keller Williams Realty
713 Bald Eagle Dr
Marco Island, FL 34145
239.970.3250
www.mccartyflorida.com
info@mccartyflorida.com

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