Buying foreclosed homes in Fort Myers is the best way to invest in affordable properties in your area. Regardless of the type of property you are looking for, our Fort Myers foreclosure listings will help both first time home buyers and real estate experts find the ideal property. Explore our database today and find amazing foreclosed properties for sale in Fort Myers, FL.
ForeclosureDeals offers a solid database of Fort Myers bank owned foreclosure homes and Fort Myers government foreclosed homes for sale from federal agencies such as: HUD, VA, FHA, Freddie Mac, Fannie Mae, USDA. These Fort Myers repossessed homes can be found in a number of ways, such as pre foreclosures, short sales, foreclosure auctions, flipping homes, bankruptcies and home foreclosures for sale in Fort Myers, FL. Our up-to-date real estate foreclosure listings in Fort Myers offers cheap distressed properties for buying & investing, in a great variety of properties like commercial & residential, multi & single family homes, lands, condos and apartment foreclosures in Fort Myers area.
There is no question that buying Fort Myers foreclosed homes for sale is a very profitable investment venture. Thus, many smart investors are flocking to pre-foreclosures or auction to find Fort Myers foreclosure homes to buy. Foreclosure homes in Fort Myers are ideal properties to live in or remodel with a plan to re-sell them for a profit. That is why you can expect a great deal of competition from other potential buyers of foreclosed homes in Fort Myers. But there is a way to beat all competitions and get you ahead in the Fort Myers home foreclosures market.
Only Foreclosure Deals' Fort Myers foreclosure listings can help you find the best Fort Myers foreclosures on the market ahead of other potential buyers. Our foreclosure listings in Fort Myers are a treasure trove of cheap houses, from bank foreclosures to government repo homes to tax lien foreclosures. Our foreclosure database also contains commercial foreclosure properties, real estate owned and bank foreclosed condos. You can be sure that the list you will access for 7 days for only $3.95 is accurate and updated.
We also provide details on the neighborhood where the foreclosed property that interest you is located as well as how to avoid the pitfalls of real estate investing. And our foreclosure lists are not confined only in Fort Myers. The list covers 50 states plus major cities and towns. We designed our foreclosure lists to make your real estate shopping experience easy, stress-free and risk-free. Take advantage of these opportunities and start searching for foreclosed homes for sale in Fort Myers, FL now!
Real estate, no matter what the economy, is always a good investment because it represents tangible value that can appreciate over time - especially if the property in question is located in a growing metropolitan area with plenty to offer. The abundance of opportunities for work, education, and recreation make metro areas prime places to look for great real estate.
Fort Myers, Florida is one great example of a city that has a lot of potential and a lot to offer. Nicknamed "The City of Palms", Fort Myers is located in southwest Florida on the Gulf of Mexico and is known for being one of the most popular tourist areas in the state (which is one of the fastest-growing states in the country). One of the main draws of Fort Myers is the beach - specifically, the pristine white-sand beaches that are found nearby, especially on the nearby islands of Sanibel and Captiva. Fort Myers is also a prime destination for the winter and spring, especially for sports teams like the Boston Red Sox who retreat to the area for spring training.
The city has a metro area population of 618,754, which includes nearby Cape Coral and the aforementioned islands off shore.
Median home prices for the greater Fort Myers area typically hover around $118,500, which is relatively undervalued when compared to other metro areas of similar sizes. Per square foot, Fort Myers homes are valued at $77. Roughly 47% of Fort Myers homes during any average year are sold for a gain; 51-52% are sold for a loss. Foreclosure rates in the area are usually several times higher than the national foreclosure rate, which means a high percentage of homes in the Fort Myers area is comprised of undervalued foreclosure properties.
Fort Myers has several places that make for terrific locations for living or for investment, owing to their central location, easy access to the beach and other amenities, and relative lack of foreclosures compared to other neighborhoods. When investing in these areas, return on investment should be noticeably higher than in other areas in the metro region.
These areas/neighborhoods include Captiva Island, Cypress Lake, Iona, Fort Myers Beach, McGregor, Orangewood, Punta Rassa, Sanibel Island, Suncoast Estates, and Whiskey Creek. Sanibel Island and Captiva Island in particular are terrific places for investment because they are two of the main tourist draws in the region.
Florida is a judicial foreclosure only state, and has some of the longest foreclosure timelines in the country. On average, foreclosures in Florida take over two years to complete from start to finish. In Lee County (the county in which Fort Myers is located), foreclosures are handled through the Clerk of Court's office. Foreclosure sales are scheduled on Tuesdays during the week, and one can actually bid on foreclosure cases in Lee County online (after the case has cleared the court and been scheduled by the appointed judge).