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Monday, August 02, 2010

Because its a Short Sale or FSBO or Foreclosure Does Not Mean its the Best Deal: Easy Rules For Buying Real Estate in Brevard County, Florida

Suggestions  for Buying a Distressed Property (any real estate, for that matter) in Brevard County, Florida.

  1. Realize that a short sale does not necessarily equate to the best deal in a neighborhood.  
  2. Recognize that a foreclosure or bank owned property may not be the best deal in the neighborhood.
  3. Consider if a For Sale By Owner (FSBO) is really your best route for getting a good deal.
Not all short sales are priced at a discount.  Furthermore, the price listed, if extremely low, may not even be accepted by the mortgage holder!

Foreclosure properties are typically abused and neglected and priced low for a reason.  The amount of money and time you have to sink in them may not be worth the effort or desired.  Who wants to spend their weekends working on a house when the beach, golfing and boating opportunities are plentiful?

If you are not an experienced buyer, is that FSBO really a great deal?  Do you feel confident enough with the purchase process to go it alone?  What about inspections, repairs, seller disclosures, association rules and the like?

In Brevard County Florida the seller pays the real estate agent - not the buyer so why not hire your own real estate agent?


Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, working with buyers, sellers and renters in Brevard County, Florida.  Call me at 321-693-3850 or email if I can assist you in any way.

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