The wave of short sale listings sweeping Central Florida is being quickly followed by an increase of real estate agents advertising themselves as short sale specialists or experts.
Short sales have not played a prominent part of the Central Florida real estate market in years past so it would seem logical that the short sale specialist and experts in today’s market have had to gain their experience and specialty over the last few months.
One would naturally think that these agents, who are short sale experts, have closed quite a few transactions, which has provided them the experience that would qualify them as an expert.
That is why this year’s sold reports from the MLS for the 5 counties of Lake, Orange, Osceola, West Volusia and Seminole are somewhat confusing. My reports indicate, that 95 homes described as being short sale or third party approval contingent homes have sold this year. This means 95 out of the 2,756 or only 3% sold were described as a short sale.
3%. Seems like a small number does it not?
While I am sure there are individual agents who have a clear understanding of the short sale process from start to end, it would seem prudent to make sure the real estate agent you ask to help you buy or sell a home in a short sale situation be an agent who is full time and part of a team large enough to offer mortgage, title and professional real estate help that has been developed from over 40 years of Florida real estate experience.
As a company we provide expert real estate services, even when it is a short sale.
Related Florida real estate views:
Real estate agents would be wise to pick short sales over long sales.
There comes a point when you have to foreclose.
Battle of the short sale: Just say no
- Greg Staker - Watson Realty Corp. - 407-304-0255
Showing posts with label what is a short sale. Show all posts
Showing posts with label what is a short sale. Show all posts
Mar 13, 2008
Feb 6, 2008
Buying a short sale home in Kissimmee
Buyer’s attention of late has been drawn to the short sale market. Kissimmee homeowners faced with the very real possibility of losing their home and unable to sell their home for a price that would pay off their mortgage and closing costs may turn to their lender for assistance.
In some cases the mortgage holder may be willing to accept less than is owed on the mortgage in order to avoid foreclosure, which is a benefit to the homeowner.
A short sale situation takes time to process so a buyer and seller will need to be prepared and patient as the lender looks over the documents before making a counter of giving full approval of the deal. Those short sale transactions that are successful and end up at the closing table can provide the seller needed financial relief and offer a buyer and opportunity to purchase a home at a price that fits into their budget.
I am including a list of homes being offered as short sales in Kissimmee that were listed over the past few days.
In some cases the mortgage holder may be willing to accept less than is owed on the mortgage in order to avoid foreclosure, which is a benefit to the homeowner.
A short sale situation takes time to process so a buyer and seller will need to be prepared and patient as the lender looks over the documents before making a counter of giving full approval of the deal. Those short sale transactions that are successful and end up at the closing table can provide the seller needed financial relief and offer a buyer and opportunity to purchase a home at a price that fits into their budget.
I am including a list of homes being offered as short sales in Kissimmee that were listed over the past few days.
Related Florida real estate views:
- Greg Staker - Watson Realty Corp. - 407-304-0255
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