Barefoot Beach Foreclosures

Barefoot Beach is located in the northwest portion of Collier County off Bonita Beach Road. Barefoot Beach is made up of over 450 acres of lush landscape and beautiful views of the Gulf of Mexico and the back bays. This community also boasts about its location on three miles of beautiful, white, sandy beaches. Residents enjoy a variety of lifestyles. Enjoy the boater's life or a fabulous clubhouse that is just walking distance. The Club is located right on the beach and is a private, member-owned Club. Residents enjoy fine dining in the Shell Dining Room or a more casual open-air restaurant called the Turtles Nest. The amenities include a heated resort-style swimming pool, tennis courts with private lessons, and so much more. Residents have a choice of single family, villas, or condominiums. All properties have easy access to the Gulf of Mexico. Many of the homes also have boaters access and is just about a 10 minute ride to the Gulf from the back bays

Barefoot Beach Foreclosures

Buying a Barefoot Beach Foreclosure...

This is to assist buyers in the dynamics of buying a foreclosure in Barefoot Beach. 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. 

BAREFOOT BEACH 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. 

BAREFOOT BEACH 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.

BAREFOOT BEACH 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  Barefoot Beach in Naples- 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

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