Since the beginning of this year, there has been a lot happening in the Real Estate market. Let’s take apart its different fields and let’s look at the sector of the Short Sale area. Clearwater area has its share of those also. As you know, there are many contracts that are on bank desks somewhere waiting to be looked at for a final decision. Many real estate agents have had contacts with the bank employees in the short sales division, and speaking with the negotiators telling them that they are waiting for an answer or that the file had been sent to another department and so to call back in a few weeks. Homes on a waiting line.
Although, as a general notice, some banks have accelerated their processes which brings about a faster conclusion and agreement of the contract for the benefit of all concerned. This is the end sought for. One does get into that sort of endeavor knowing hopefully that he knows what type of deal and procedure it’s all about and entails. The seller specially before getting into this process of short selling his property should get the advise of a professional who knows very well the real estate laws and statutes.
This is recommended to make sure the seller knows what the procedure is and the consequences of short selling your property. what are the risks, what are the tax consequences, what will it do to your credit are questions that should be looked at before one start this process or even deciding to let go his house into foreclosure. Clearwater has its share of homes in that condition. It might not be always easy for any of us in certain times of our lives and these situations are unfortunately not necessarily good times, but they do need to be looked at with the right point of view. As a matter of fact looking directly at what is happening to one, can just bring this moment of understanding of the right thing to do is just there in front of them and they just need to do the proper actions to achieve the results that they are looking for.
The real estates market at this point is still going fairly good with its good listing prices and someone interested can surely find the property he is looking for.
I can help you in your search for the right property.
Let me know.
Louise Alepins
Real Estate Agent
Clearwater, Fl
727 692 5970