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Thursday, February 19, 2009

What will become of those short sell properties?

Yesterday I was listening to the “experts” on CNBC talking about the real estate market. One of the guests made the comment that “foreclosures are setting the prices.” Not foreclosures but also short sales. I remembered a post I had written a few months ago on www.gwatersc21.activerain.com.

I have copied it here because it is still relevant…

Yesterday I was discussing all these REO/Bank owned and short sale properties in Viera, Suntree and Rockledge Florida. One of the real estate brokers in the conversation made the remark that they will sell.

His point was well taken. Sure, there are a lot of short sales and bank owned properties in Brevard County but, at some point, they will be disposed of through a sale.

The reality is the banks do not want to own property. Banks do not want to manage real estate. Banks do not want to maintain or put money into them as they deteriorate AND PAY THE TAXES! Banks want those homes sold.

IF YOU HAVE THE MONEY OR CREDIT.... and are in the market for a short sale or bank owned property in Rockledge and Viera, there are plenty to choose from!

There are over 170 homes in Viera, Rockledge and Suntree listed in the MLS system that require third party approval. That is a lot of choice!

If you would like information on short sales or bank owned properties in central Brevard County, Florida, please let me know. Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida, 321-693-3850, email agent@moving2brevard.com.

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