Found 2 blog entries tagged as short sale.

If you are in the market for a new St. Johns County real estate, you have likely seen the glut of short sales on the market. Buying a short sale may seem like a great idea, and it very could be; but it may also prove to be quite daunting for the average home buyer.

Here are just of the few pros of purchasing a short sale:

·         Unlike a banked owned property, a short sale is usually in better condition. Because a short sale is still owned by the homeowner, and not the bank, you can be better assured that they will care for the property better than if they had to leave due to foreclosure.

·         You can get a good deal on a short sale. But don’t expect to walk away with a steal. Banks who agree to a short sale still want to make as much money…

1665 Views, 0 Comments

Read Full Post

It is a common misconception that multiple offer situations do not exist in a buyer’s market. Although there certainly are not as many instances of multiple offers, the situation does exist, particularly in the case of foreclosures and short sales.

If you are caught in a multiple offer situation as a buyer for a Jacksonville Beach home, then there are some things you should know:

  1. Don’t panic if your offer is not the first one. If you want to put an offer in on a Jacksonville Beach home that already has multiple offers, you’ll first want to decide exactly how much you want the home before submitting your offer. When the offer comes in is not as important as the offer itself.

Aside from the offer price, you’ll want to pay…

2249 Views, 0 Comments

Read Full Post