Get Prepared Before You Make An Offer

Get prepared before you make an offer if you want to compete for the lowest priced and best of properties in Naples.  Finding the property you really want  is going to require an advanced search tool-we have it.  Preparing your financial paperwork in advance is a must-we can guide you through those steps.  Understanding market conditions will make you a wiser buyer-get those stats from us.  Finally get on board with a knowledgeable Realtor-again, that’s us!

NaplesMlsHomes.com makes it easy to find the property you want.  We give you many powerful tools that most real estate sites don’t offer.  Plus, we are only a phone call away if you still have questions.  It’s all part of helping you get prepared before you make an offer.

Once you realize you are serious about buying a home in the Naples Florida area you’ll need to have your financial paperwork in order.  There are many good deals in our market now, and when you’ve found the one you want to make an offer on you don’t want to lose it.  Get prepared before you make an offer.  If the property you want is a foreclosure or short sale the bank will want proof of funds along with your offer.  Even if the property you make an offer on is not a foreclosure or short sale, your offer will be stronger if you are competing with another offer that isn’t as prepared with their finances.

Proof of funds usually requires a letter from your bank stating that you are approved for a loan up to a certain amount and must be on the bank’s letterhead.  You will also need to submit copy of your most recent bank account showing that you have the necessary funds.  The letter from the bank  should  be dated within the last 30 days.

Understanding the market conditions in Southwest Naples Florida is very important and is key in helping you get prepared before you make an offer.  Sometimes we talk with customers who want to offer 50% of the listing price on a place they really want.  It is very rare that you’ll even get a response back from the seller on a 50% offer.  Meanwhile other offers come in and the hopeful 50% buyer loses another deal. Think about the statistics in the next section.  Call us, and we can work up stats for many different scenarios.

Closing since Jan 1, 2010

Foreclosures:  2,691 closings – SP/LP was 98.54%  (sales price divide by list price = SP/LP)_
Short Sales:  1,988 closings – SP/LP was 94.4%
All Sales (Includes foreclosures & short sales):  11,815 closings – SP/LP was 96.6%

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