Grey Oaks Naples Foreclosures
The Naples lifestyle and culture are the epitome of casual Florida elegance combined with the timeless traditions of grace and mannered living. This destination quickly emerged as the premier location for golf course communities on Florida's Gulf Coast. Since 1993, Grey Oaks Country Club has celebrated this lifestyle in its collection of beautifully crafted custom residences set among three award-winning golf course fairways in its gated communities of Grey Oaks and Estuary at Grey Oaks.
Located just minutes from Naples' vibrant downtown shopping district and spectacular Gulf Coast beaches, Grey Oaks Country Club invites you to tour the varied selection of luxury homes and amenities available within its two very distinct communities
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Bike And Jog Path, Exercise Room, Golf Course, Play Area, Private Membership, Putting Green, Sidewalk, Streetlight, Tennis Court, Underground Utilities, Basketball
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Buying a Grey Oaks Foreclosure...
This is to assist buyers in the dynamics of buying a foreclosure in Grey Oaks. What you can expect when buying a foreclosed property is very different from a standard purchase. With the number of foreclosures increasing in the Naples area many buyers/investors are looking to purchase a foreclosure because of the cost comparison to a standard home price.
There are negotiations that occur with lenders rather than between agents and buyers and sellers. Typically, when a buyer decides to make an offer to purchase, the buyer's agent submits the offer to a seller's agent and necessary inspections are made.
GREY OAKS FORECLOSURES PROS and CONS
With a foreclosure, you are dealing with large banks and generally they have prewritten contracts that eliminate the right to inspections and usually are a purchase for a property in "As Is" condition. With this in mind, the buyer would need to evaluate if the purchase is worth the investment taking into consideration any necessary improvements that would need to be made. They must ask themselves "Is it worth the risk?" A benefit is that because the lender wants to get the home loss off their books they generally have it listed at "fair market value" which is usually at a steep discount. Another benefit is that the initial deposit on a foreclosure purchase is generally lower than a traditional purchase.
GREY OAKS FORECLOSURES - TITLE
Another discussion is liens and title issues. I always inform buyers it is in their best interest to hire an attorney to review and ensure of a clean title from any liens.
GREY OAKS FORECLOSURES - TIME FRAME
Generally in a traditional closing the turn time is within 45 days. With a foreclosure, I have noticed that it can be anywhere from 7-45 days. I have also noticed that an offer to close in a shorter time frame is a benefit to the lender and is more likely to be taken more seriously than a closing with a longer time frame. Also having a cash buyer rather than financing is a Plus.
If you are considering purchasing a foreclosure in Grey Okas - please contact a real estate professional like myself for more information. You can visit my website for foreclosure listings in the Marco Island and Naples Area.
Marie Orlando
Licensed Sales Associate
Subdivisions / Condos
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