Wednesday, June 25, 2008

Arrrgh matey there be too many short sales out there

So you're looking for a home under $200,000 in the Palmetto/Parrish area that is not a short sale.

Well it probably appears the sea of resale homes out there is filled with short sales.

Yikes, you have to really look hard to find the foreclosures and simple resales to find the well priced good condition homes.

Short sales or pre foreclosures are those homes that the owners are trying to sell for less than they owe their lender or multiple lenders. It can be a long and frustrating process for buyers.

A couple of months ago there were a number of great buys on the market in the north Manatee County area that were not short sales. That market has been and is drying up.

It means for buyers they need to be ready, willing and able to move fast when those homes that are good buys and not short sales under 200k come on the market.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com

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