What A Short Sale Is and How to
Find A Great Deal on One
Short sales are listed in the MLS
A short sale is a property that is for sale and when it goes
to closing, the current owner can not pay their lender what is owed on the
property. This makes the money paid to the lender at closing short of the total
owed. The owner asks the lender if they will accept less than they owe and allow
the sale to go through. Short sales are mixed in with other properties for sale
in the MLS. They are noted as a short sale. The lender must approve the price.
Sarasota Short Sales and Foreclosures
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The Pros and Cons of Short
Great Deal for Buyers
Buying a short sale property can be a great deal for a buyer.
Often the price that a lender will accept is lower than similar properties in
A short sale require the lender's approval. This is often
referred to as "3rd party approval". This may take a while and
other offers can be submitted while you are waiting on a reply.
(Click on an image to enlarge, use your back arrow to return)
A property that is a short sale should have the normal
inspections. We always suggest a home inspection, termite / pest inspection and
other inspections if the property needs them, such as septic, pool, roof, etc.
These properties are being sold "as is", and even if a property needs some work
or something replaced, it can be a wonderful investment.
Be careful - visiting Sarasota often creates a desire to live here! Real estate is diverse, from condos to homes, vibrant city living, beach or island properties, boating and golf communities or live in the country in an equestrian neighborhood, you will find what interests you.
Walk along the spectacular beaches, just minutes from your door. Living in Sarasota is like being on vacation every day with blue skies, sunny days, miles of the best beaches, the gulf coast breeze. Let us help you find your Sarasota real estate with a new home or condo in "Best Small City" in the U.S.. Enjoy canoeing and kayaking, board your boat and head out to the bay for fishing, skiing or to enjoy the waterways.
As Top Professional
Short Sale Specialist
Realtors, we Preview,
Show, List and Sell Real Estate Daily
John & Nancy Werner,
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Direct Phone: (941) 923-8222
Cell: (941) 587-3418
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Integra Realty Group
Professionals You Can Trust
Sarasota, Lakewood Ranch and Palm Beach County
Multiple Award Recipients
Qualification for the Platinum Club is based on sales production for the year. It is the highest such award in the network with each of those inducted producing annual sales volume in excess of $8 million in real estate value based on annual earnings. Less than three percent of the 48,000 Members in 24 countries and seven territories world-wide achieve this status.
Thank you to our clients for this award!
In Our Client's Words
We are working with properties every day: Beach and bay front homes, condos, golf course homes, maintenance-free homes, planned communities, homes with charm, family neighborhoods, the downtown art area, gated and golf communities and new homes.
Our experience can make the deal happen: We know of properties that are not on the market yet, we know the differences in writing Manatee and Sarasota contracts to save you money and when negotiating a contract our experience can help you get the property that you want. Ethics counts when you want a level playing field and hard work is critical when you want the best.
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