Tampa Real Estate Sizzle…Your Best Source for Tampa Real Estate, Tampa Neighborhoods, South Tampa Real Estate, Florida Condominiums and The Latest News on The International Real Estate Market
Jackie Colson-Miller
Direct - (813)629-5757
Homeward Real Estate
3401 Henderson Blvd
Tampa, FL 33609
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Why Foreclosures are “Easier” than Short Sales in the Tampa Real Estate Market
Foreclosures in Tampa…
Buyers in the Tampa Real Estate market are “bargain shopping” and many of them are asking about buying a “short sale”…a situation where the bank is willing to accept an amount that is less than the mortgage amount owed.
Many listings are being advertised as “short sales”, but unless the seller has an “agreed-upon” short sale price documented from the lender, the buyers are often looking at 60–90 days of negotiations with the lender, with no guarantee that the lender will agree to the sale.
Foreclosures, on the other hand, are alread BANK-OWNED. The lender WANTS to sell the home, and sell it QUICKLY. Most lenders want to close the transaction in 30 days!
So, if you are looking for a “bargain”, you should focus on foreclosures, or houses that are priced at the low end for the neighborhood! For a list of foreclosures in Tampa, or bargains in Tampa, contact me today!
For more information about the Tampa Real Estate market, Tampa Neighborhoods, including Culbreath Isles. South Tampa, Harbour Island, Davis Islands, Beach Park, Sunset Park, Hyde Park, Channelside, Palma Ceia, Westchase, Waterchase, Odessa, Cheval, Avila, Brandon, Riverview, FishHawk, New Tampa, Tampa Palms, Hunters Green, Arbor Greene, Apollo Beach, South Shore, MiraBay, Golf Communities, Waterfront Homes, Luxury Homes in Tampa, Condos in Tampa and International Real Estate contact me!
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This entry was posted on Monday, October 13th, 2008 at 10:55 am and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
