Naples Bonita Springs Estero Florida

With the winter season in southwest Florida and the buyer's market, we are seeing a lot of activity. Many folks from "up north" who have been thinking about properties for awhile now are getting serious as this just may be the right time. This is particularly true when they were priced out of the second home of their dreams in the recent past.

The folks that I have been working with, while not driven exclusively by short sale bargain hunting, always ask the question. What is available in a short sale or bank owned. Just because a property is advertised as a short sale it doesn't necessarily mean it's going to be a "steal". I have seen banks not backing off "market value" in a short sale and let properties fall through to foreclosure. Why would the bank settle for less than market value? Less than market value is sometimes accepted when the bank figure in the cost of foreclosing, holding, and carrying the property while it's bank owned so it's more expeditious to just get it off the books. Would be buyers of short sale properties must be prepared to deal with delays and other issues. Please consult a Realtor for assistance.

In as much as I have been asked several times what's listed as short sales, I have compiled those listings broken down as indicated in the following chart.

Go to my web site and click on "Short Sale & Pre-foreclosure" where the links will be active.

Bob Pisa
www.BobPisa.com
239 898.6865