Home for Sale at 70 Umber Court, Fort Myers, FL 33908

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70 Umber Court
Fort Myers, FL 33908

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Property Details

List Price:	$176,900
Beds:	2
Baths:	2
Status:	Active
SqFt:	1404
Agency:	Cove Communities

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Description/Comments

Lot Size:	--
Property Type:	Other
Year Built:	2023
Notes:	Inventory Clearance - Over $10,000 in Savings!! If you're in the market for a new home but can't get passed those high price tags, consider this beauty that's listed by the Official Sales Team of Jamaica Bay Village, a 55+ Resort Community! This open concept, 1456 sf plan features neutral colors throughout with two bedrooms and a flex room, complete with an attractive barn door to separate the space. Transom windows allow the light to pour in! The primary bedroom offers an en suite bathroom complete with large walk-in closet. Enjoy the interior laundry space, which means the exterior shed is spacious enough for a nice, little wood shop! This home is located near the front of our large community, close to the main entertainment area. Don?t hesitate to make this one yours! Call for a tour today! Jamaica Bay Village is a very active, 55+ community with many clubs, sports, and activities for the residents. Amenities include two swimming pools, three clubhouses, hot tub, sauna, state-of-the-art fitness center, library, billiard room, shuffleboard, tennis courts and pickle ball courts. Site fee includes site lease, water/sewer, trash/recycle, lawn mowing, basic cable, 24 hour attended gatehouse and access to all community amenities.
MlsNumber:	11229712

Listing Provided By:	Cove Communities, original listing
Name:	Cove Communities
Phone:	(833) 203-0755
Office Name:	Cove Communities
Office Phone:	(833) 203-0755
Agent Name:	Sandra Bergman
Disclaimer:	Copyright Â© 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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