The state of Florida remains as one of the top three states in the county with the most foreclosures. Although still know for its great beaches and tourist attractions, foreclosure homes for sale are drawing the eyes of investors. Particularly hard hit is southwest Florida. Foreclosures in Fort Myers and nearby Florida cities are offering an outstanding return on their investment. Purchasing homes in bulk at auctions, remodeling and reselling them at higher prices has become a common practice for investors. It is not just corporations that are taking advantage of the low prices of foreclosures. A realtor searched the Charlotte foreclosured listing and has made 4.3 million selling remodeled homes in the south Florida County in less than 2 years. For those who are willing to spend money to make money, the opportunity is there in the Real Estate market.
Two counties, lots of deals
Fort Myers Florida is located in Lee County, the southern neighbor of Charlotte County on the southwest cost of Florida. In the county of Charlotte foreclosured listing reveals that nearly one out of every 100 homes has been foreclosed upon. This means that the cost of properties in this area will continue to go down as foreclosures flood the market. Purchasing one of the foreclosure homes for sale would be great as a primary residence, vacation property or investment property. South Florida offers a great incentive to those looking to move, because of its temperate weather and lack of state income taxes. There is great variety in the available foreclosures in Fort Myers, because up to 1 in every 25 homes has been foreclosed upon. For buyers looking for a new home for themselves or an investment property, southwest Florida has many opportunities.
Shoestring budget properties available
Low cost, large beach foreclosure homes for sale are available everywhere in southwest Florida. The average cost for homes in this area is approximately $118,000. However, it is not uncommon to find two or three bedroom foreclosures in Fort Myers for $75,000 to $100,000. A house this size would be perfect as a winter retreat for those who live in colder climates and could possibly bring in great income as a summer vacation rental. The Charlotte foreclosured listing also advertise amazing deals for a second home with over 1500 homes currently available.
On ForeclosureDataBank.com you will find that a peaceful south Florida retreat may not be as far away or expensive as you may think.
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Written by Alex Rolim.
