Whether you are buying or selling a home in the Lake Worth, Boynton Beach, Wellington, and surrounding areas, chances are you will be involved in a short sale. So many home owners are in short a sale situation, it has recently set the prices of the market.
The good news is, houses in the Lake Worth, Boynton Beach, Wellington, and surrounding areas are again affordable. People who couldn’t buy are able to buy, and people that wouldn’t buy are realizing prices are bottoming out.
It is not uncommon for foreclosed properties to have multiple offers and to sell over the asking price in Lake Worth, Boynton Beach, Wellington, and surrounding areas. The short sales are seeing 1, 2, even 3 or 4 back up offers. The ratio between new listings and sales is beginning to even out and inventory is finally shrinking.
Some new home communities have even raised prices as well as cutting back on free upgrades and incentives. It is a great time to buy. To quote the renowned real estate trainer David Knox, when posed the question, “how do you know when the market has hit bottom?” The answer is when prices start going up. If you think you are going to pick the bottom, chances are you are not.
While a short sale is still a painful process to buy, basically due to the incompetency that exists in the banks, it still could save you a lot of money. At our company, Exit Realty Premier, we retain and pay for an attorney to represent our sellers, and this seems to streamline the process. If you are in a short sale situation in the Lake Worth, Boynton Beach, Wellington, or any of the surrounding areas, call us. We are truly the experts. We will market and sell your home with absolutely no cost to you and we will even pay a licensed Florida Real Estate attorney to represent you. If you would like a free consultation related to buying or selling, please call Victor DeFrisco at 561-967-3948.
If you plan on buying a short sale we are the experts. Many of our agent have completed the courses and have the designation and distinction of being a Certified Distressed Property Expert. Also we have a good in house inventory of short sale homes the attorney works on closing.