Destin Short Sales- including this beautiful Watersound condo – are a great way to get a fantastic deal on a condo at the beach. There is no question about it. The thing is they can be a little frustrating for both buyers looking for deals and seller’s looking to get out from underneath a crushing debt so let me offer three simple comments that will make the process better for you.
Be Patient
Destin Short Sales often take as long as six months to run their course. I think the reason it takes so long is because there are so many people trying to do them and not nearly enough bank ”case workers” to handle the paperwork load causing much of the delays. So go into the process knowing it could take a while.
It’s all about the appraisal
If you are buying or selling a Destin Short Sale be sure that you make or accept an offer that has a chance to appraise or you will find yourself frustrated and extremely dissapointed at best or losing out on a property you could have had at worst. Keep in mind that the bank won’t do a deal at less than “fair market value” and will hire an appraiser to determine what that number is so your offer should be as close to the number the appraiser comes up if you want a successful out come.
Have a good realtor
Short sales produce great deals for buyers and relieve crushing debt for sellers but they are very time consuming and complex so it’s very important to use a realtor that knows how to determine “fair market value”, market the property to secure a “qualified” buyer, set expectations to reduce stress to both buyers and sellers, prepare and present necessary bank documents, and negotiate with banks. If you are missing any of these the odds of a successful outcome is greatly reduced.
Keller Williams Realty’s At The Beach Team is the market leader for Destin Condo sales including Destin Short Salesso if you are considering buying a Destin Short Sale or selling as a short sale simply contact us an we will happy to assist you in any way we can so you ultimately end up with what you want.
Want more information about Destin Short Sales or 30A Short Sales or Panama City Short Sales give us a call or send us an email at info@AtTheBeachTeam.com
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