Cape Coral Coming Soon Listings

Cape Coral Coming Soon Listings

Be notified first about Cape Coral and Fort Myers Fannie Mae properties BEFORE they are listed. Just enter your email address and make sure you confirm your subscription.


* Listings sent by Susan Milner of Florida Future Realty, Inc. and can include Fannie Mae, other REO listings and even short sales. Weekly email with our most up to date coming soon listings that haven’t been put online/MLS yet. Unsubscribe at anytime. Your info will not be shared, sold or otherwise used without your permission *
Florida Future Realty, Inc.

804 Nicholas Pkwy E, Suite 3

Cape Coral, FL 33990
(239) 542-8521

Buying a Fannie Mae Property in Cape Coral Florida

Buying a Fannie Mae Property in Cape Coral Florida

As a Fannie Mae listing broker we have access to Fannie Mae properties in Cape Coral and Fort Myers coming on the market, not just the ones already on the market. Want to be in the know as well? Sign up to receive a weekly list of properties ‘coming soon’:

Fannie Mae properties coming soon free Email list

(Agents and Buyers are welcomed to join our list)

Cape Coral and Ft Myers real estate agents, do you have a buyer looking to put in an offer on a Fannie Mae / homepath.com listing? Get the Fannie Mae forms package and instructions and any other questions you may have answered: Fannie Mae FAQ and Resources

 

How to Buy a Fannie Mae home in Cape Coral, Florida

 

Want to buy a Fannie Mae home in Cape Coral?

As a Fannie Mae Homepath.com listing Broker I can assist you with the purchase of a Cape Coral Fannie Mae owned property.

 

Do I need to obtain my own financing?

Yes, you do. You can use a homepath.com lender on a qualified Fannie Mae property or you can choose a mortgage broker or banker as well.

 

I heard that Fannie Mae properties are not in good condition. Is that true? Will Fannie Mae fix them up before closing?

Fannie Mae properties are sold as-is and they will not guarantee the appliances/personal property. Some homes have all of the appliances while others are missing some or all of them. Fannie Mae does do trash outs, cleaning and maintenance on their properties though. We also turn on both the water & electricity when we can to allow for your inspection of said property.

 

What is the Fannie Mae First Look program all about?

You can learn more about the Fannie Mae First Look Program by visiting HomePath.com but the short version is that it provides a 15 day period to only allow primary residents and those buyers obtaining government assistance to bid in the first 20 days. Once the 15 day period is over it will open up to all buyers.

 

Do I need to use a special contract to place an offer on a Fannie Mae home?

No, you will use the Florida State As-Is Contract for Sale & Purchase. But you will need to review and sign the Fannie Mae Addendum to Contract which supersedes much of the Contract. You can view this addendum by clicking here: Fannie Mae Addendum

 

So the properties are sold as-is? Does this mean that I cannot have a home inspection?

Not at all. You can put a home inspection timeframe into your offer. Fannie Mae will not accept a timeframe longer than 10 days. Time does not start until you have an agreed upon sales contract.

 

Can I place a bid online myself for a Fannie Mae home?

No, you’ll have to use a real estate agent who is registered on the HomePath.com website to place an offer.

 

Do I need a special Fannie Mae real estate agent to view a Fannie Mae home for sale?

No, Fannie Mae properties are listed by local real estate brokers and they cooperate with all real estate agents that are members in their MLS.

 

I have a real estate license, can I buy a Fannie Mae house?

Yes, you can put in an offer on a Fannie Mae property if you have a real estate license. This will need to be disclosed and you may or may not be able to also collect a commission on said property.

 

I’m an agent and have a buyer ready to put in an offer on a Fannie Mae house. What do I need to do? 

We created a “How To Submit a Fannie Mae Offer” document just for you. Should you have any other questions feel free to call our office at (239) 542-8521 or email us at FFFNMA@gmail.com!


Here is a video to walk you through the documents you’ll need:

2010 year in review

Well 2010 will soon be a distant memory, but the events that took place in the housing market will live in our minds and memories for years to come.  This past year was full of tax credits,
historically low interest rates, and some controversy sprinkled on top.  Here is an overview of the housing market headlines of 2010. 

  • 157 banks were closed down and taken over by the FDIC in early 2010.
  • First time home buyer and repeat buyer tax credit increased home
    sales earlier this year.
  • 30- Year fixed rate mortgages hit historical lows of 4.17 percent.
  • The big foreclosure freeze hit headlines accusing big banks of
    robo-signing
  • An estimated 1 in 4 homes are upside down in America.
  • Many Americans are reducing debt and increasing their savings
  • It has been estimated the as many as 1 in 4 home sales were
    distressed properties
  • HAMP and other loan modifications provided by mortgage servicers
    will total nearly 1.5 million for 2010
  • Short sales were up 128% for Fannie Mae loans and 115% for Freddie
    Mac- backed notes.
  • REO property totals at the end of the third quarter of 2010; Fannie
    and Freddie combined totals were nearly 300,000 and their stocks worth
    $1 dollar towards year end.

What a crazy year for the housing market home owners and big banks.  We are optimistic for 2011 and the great changes to come.  What we do know now for certain is that it could be a great time to buy, if we can help you in your search, please don’t hesitate to
call.  We look forward to hearing from you.

Yours in Success,             

The Florida Future Realty Team

239-542-8521

inquiry@FloridaFutureAgents.com