Short Sale Properties

Purchasing a short sale property

Just a few years ago, the term "short sales" was a relatively unheard of term in the real estate market.  Now they are as mainstream as a traditional real estate sale, if not more so.

What is a short sale?

A short sale is when a seller attempts to sell the property for less than what they owe on the property. Some lenders will consider a short sale of the property if certain criteria are met. Important factors to consider when purchasing a short sale listing are:

Has the lender approved a short sale process for the property? 
This is an important question. Many sellers today are advertising their property as a short sale listing when in fact they have no idea whether their lender will actually accept a short sale process for the property. 

Are you willing to wait through the process?

If you are in need of moving quickly, a short sale circumstance is probably not going to be the best route for you.  The short sale process can be long and exhausting and will require a lot of patience from both you and your Realtor.


Click here to view potential short sale properties in the Upper Keys

Condo / Townhomes - Potential Short Sales

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Tracy Larson, Realtor in the Florida Keys / 305-522-3812
Thank you for visiting Florida Keys Market Update for information about the Florida Keys real estate market. Licensed since 1993 and a Keys local since 1987, I want to be your Realtor here in our island paradise. Note: Information for listings featured on this blog is gathered from our local MLS; not all properties are my listings.
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