Daytona Beach Short Sales
What is a Short Sale?
A short sale is where the mortgage lender accepts a purchase amount for a home from a new buyer that’s less than the amount owed by the existing home owner.
Daytona Beach Short Sales Listings
The Short Sale Opportunity
Short sales present an opportunity to buyers with a lot of patience and who are well qualified to buy a home.
We've put together a couple of videos that expalin the short sale process from both the buyer and seller perspectives. We created these videos to provide comprehensive information about the short sale process, requirements for both buyers and sellers, and to attempt to dispel some of the misinformation that is circulating about short sales.
The buyer's video can be found at Daytona Beach Real Estate Short Sale Buyers Video, and the seller's video is at Daytona Beach Real Estate Short Sale Sellers Video.
We believe that in the Daytona Beach short sales market present a better opportunity than foreclosure sales in most cases. When you are pursuing a short sale, you are helping the bank avoid the cost of foreclosure. It been estimated that foreclosures can cost up to $70,000. If the bank can avoid the cost, it's to their benefit and yours. A Short Sale Can Save You 20 to 40 Percent over current market values. That's enough savings to protect you from falling home values, and puts you in a great position for higher appreciation when value start to rise again.
Short sales can have an impact on a seller's credit score, to learn more go to Does a Short Sale Hurt My Credit?
To pursue a short sale as either a buyer or seller, you need a real estate agent who is experienced in short sale transactions. I've successfully completed short sales, and I've taken training to understand the process better. I formed alliances with other experts in the process to serve you better. I have the skills, experience and patience to go through the short sales with you. Call me today to get started.