Central Florida Short Sales
A short sale can be a tremendous opportunity for a buyer who stands to be able to purchase the home for a great value. Often times short sales are offered at a discount to comparable homes that are not short sale transactions.
Looking to buy a Florida short sale?View Today's Listings
What is a Short Sale?
A short sale is when a bank agrees to allow a homeowner to sell a home for less than the total amount the homeowner owes the bank on any loans where the home has been used as security, and accept that reduced amount as a payoff on the mortgage loan or loans. It commonly occurs when a home no longer has a market value equal to the outstanding loan or loans and the owners are at risk of defaulting on the mortgage loan or loans. Often it is the best solution for homeowners and lenders when a property's value is "underwater" because it prevents the need for foreclosure upon default of the mortgage loan. The homeowner wants to avoid foreclosure because the short sale is not as damaging to his or her credit history and the bank wants to avoid the legal fees associated with foreclosing on property.
So why don't all buyers purchase short sales? The drawback to a short sale for a purchaser is that the bank must approve the contract between the homeowner and the buyer, and unfortunately that can take time, you can expect a typical short sale to take 60-90 days from contract to close (a conventional sale usually closes in about 30 days) and there is no guarantee the bank will approve the terms of the contract, in which case it will not close at all and the buyer is back to square one.
Want to list your home as a short sale?
RealtyExecutivesFL.com specializes in the Florida real estate market. Contact us online or call us at 1.888.HOME.427 today for a free consultation.Contact Us!
Realty Executives is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our services, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.
Today's Fresh Orlando Area Short Sale Listings
- All Listings
- Under $100,000
- $100,000 - $200,000
- $200,000 - $300,000
- $300,000 - $400,000
- $400,000 - $500,000
- $500,000 - $600,000
- $600,000 - $700,000
- $700,000 - $800,000
- $800,000 - $900,000
- $900,000 - $1,000,000
- Over $1,000,000
So is a short sale right for you?
For Sellers who owe significantly more on their mortgage loan than the market value of the home, a short sale may be the best move. At Realty Executives we have executives who are Certified Distressed Property Experts (CDPE) this designation requires the executive to take specialized training in dealing with short sales and help you ascertain whether a short sale is a viable solution.
For Buyers a short sale can be a tremendous opportunity to purchase a home at less than market value. If you are flexible when it comes to timing, and patient, then purchasing a short sale might be for you. At Realty Executives we have executives who are Certified Distressed Property Experts (CDPE) they have specialized training in short sale transactions and can assist you if a short sale fits your needs.
Your Central Florida Short Sale Search
You can use this site to search every short sale within our area's MLS. You can use the advanced MLS search to narrow things down to exactly what you're considering.
Need more info about Central Florida Short Sales?
RealtyExecutivesFL.com specializes in the Central Florida real estate market. Contact us online or call us at 1.888.HOME.427 for a free consultation with one of our agents.Contact us!