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Monday, October 22, 2012

When is a short sale with a great price a not so great decision?

In the Brevard County, Florida real estate market there are lots of newer developments.  There were quite a few start ups during the build up years seven or eight years ago.  In some places, where ever there was available dry land they started building.

It was the old "if you build it they will come mindset".

And then construction in some of these developments slowed.  Some stopped construction with maybe half the lots built out or even less.  Now some of those who bought early at the height of the market are selling - as short sales in some cases.

Some of these short sales offer very attractive prices.

And we all know short sales are always good deals, right?  Of course not! 

When you are looking at Brevard County, Florida short sales consider the location carefully - especially the neighborhood.  Regardless if condo or single family home, no one can tell you with certainty that a development will be finished or when that will happen.

Buying in a  "to be finished" maybe development may really make the purchase a risky decision.   As a buyer only you know your risk tolerance. 

Considering buying or selling a house or condo in Brevard County, Florida?  Call me at 321-693-3850 if I can help in any way!

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