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Wednesday, July 14, 2010

Short Sales and Foreclosures in Brevard County Florida: Reality and Delusions

Short sales and foreclosures have brought people's expectations to a new level when "shopping" for a new house or condo in Brevard County, Florida.

The first step in the home buying process is getting a mortgage and then finding a house that meets your needs and your budget.  Obtaining a mortgage has gotten a little more difficult as a result of the housing crisis.  Find a good lender (I prefer real people in a real office - not some online service).

I have learned that there is nothing to be gained by feeding a prospective buyer's delusions. Here is the scoop, short and direct:
  • The market is what it is; 
  • Prices are what they are; 
  • Short sale does not mean desperate seller.
  • Short sales are mostly already priced at a discount. Don't ask for fifty cents on the dollar! 
If there is no room for the dream (the perfect house) and reality (what your budget will buy) to merge, I recommend a buyer sit on the fence until reality shows up.  [The reality is this market is not bad!] 

For information on short sales, foreclosures, new construction and any houses for sale in Brevard County, Florida, call me at 321-693-3850 or email me.

Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.

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