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Thursday, October 29, 2009

Do you have what it takes to be a short sale buyer?

Another One Bites the Dust….so goes the song popularized by the British group Queen back about 1980 or so..…….

As a real estate agent in the Viera Florida market I have had the good luck of listing some short sale properties. I have had the good luck of working with short sale buyers.

Short sales are situations where the probable selling price will be less than the mortgage owed and will therefore require lender approval of any offer.

The process can be tine consuming and stressful!

I had another short sale listing lose the buyer today… after only 70 days of being under contract.

If you are looking to buy a short sale, prepare yourself to settle in for the long run. Seventy days is not the long run as lenders will tell you it will take up to 4 to 6 months!

So if you think you want to purchase a short sale in Viera or Rockledge, Florida, call me but know you must be flexible.

If you live in Viera, Suntree or Rockledge, Florida and are considering selling your home as a short sale, call me if I can assist you in any way.

Gary Waters, Florida licensed real estate agent, century 21 Baytree Realty, Rockledge, Florida. Call me directly at 321-693-3850 or email me at agent@moving2brevard.com.


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