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Friday, July 12, 2013

Are there still a lot of short sale homes on the market in Brevard County, Florida? (plus other short sale information)

There are 2,262 active residential (single family detached home) listings in Brevard County, Florida as of this morning.  This number is quite a bit smaller than a few years ago.

About 200 of these homes are listed as short sales.  Without a calculator it is easy to see this number  represents less than 10% of all single family homes for sale in Brevard County.

The number of single family home short sales under contract (pending closing, contingent on lender approval) stands at 772 today.  That is a lot of parties waiting an answer!  Know this one thing about short sales...they take time!

Patience and flexibility is required when one is buying (or selling) a short sale.

So how many short sale listings get approved and closed in one month? Just last month 87 short sale listings closed in Brevard County (109 in May 2013).

So how many of the 772 will ever close as short sales?   It is hard to say.  Short sale approval depends on so many factors.

Still, a short sale is often the best option for sellers to take if the situation requires they dispose of their house or condo.

If you are considering selling your home in Brevard County, Florida as a short sale or standard sale, call me at 321-693-3850 if I can help in any way.

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