
Solivita Downtown
Hi Folks. As some of you may know TLW and I have just bought a new home. It was quite the journey as we were focused on one specific community, one specific street and it had to be an even number address so it would back into the conservation area. Not too picky. Anyway, we were good qualified Buyers. So like any good qualified Buyer we decided we needed a Broker to help us out. We hired Broker Bryant. Wait a minute.....that's me!! OK so I guess we didn't hire a Broker since I am already the best and most good looking Broker in Poinciana.
The job was mine and I knew I needed to make TLW happy. To make a long story short we found the perfect property and made an offer on it. Being that it was a foreclosure and at the bottom price range for this particular community we knew we had to go in strong. Our initial offer was for 15% above the asking price. Strong deposit. Pre-approval letter. 21 days for closing. But wouldn't you know it? We still got stuck in a bidding war with multiple offers. The listing agent came back and asked for "Highest and Best".
Now folks, as a listing Broker, I LOVE asking for "Highest and Best". In means we have multiple offers and I'm getting ready to sell my listing. As a Buyer.......I HATE "Highest and Best"!!! The issue is that you have no clue where your offers is in the scheme of things.
- Is it already the best?
- Are there offers that are higher?
- Should we let our offer ride?
- Should we increase it?
- Should we withdraw it?
- How many other offers are there?
So many questions and no answers forthcoming from the listing agent. TLW and I knew we wanted this house so we made the decision to increase our offer another 10%. We now had an offer on the table for 25% more than the asking price. BUT.......and here's the key......it was still less than the market value of the property by about 5%. This is where knowing the market value of the property and knowing the condition of the market is valuable. Being a Broker I knew when I saw the listing price of this property that it was too low. I knew there would be a bidding war. And I knew what the property was worth. So armed with this information TLW and I were confident that would end up with the house we wanted at a fair price. And we did!!
TLW and I are now the proud owners a new home in Solivita. Solivita is an active adult community for folks 55 and over (we were able to get an exception). We now have a World class resort to live in with many amenities and activities for us older folk.
Oops......got to go. TLW and I have a date at the Solivita Riviera Spa and Fitness Center. It's time to get active!!! See ya later.
Tutas Towne Realty has already successfully negotiated Short Sales with the following Lenders and Investors.
Chase Short Sale,Sun Trust Short Sale, GMAC Short Sale, Wells Fargo Short Sale,Bank of America Short Sale,USA Bank Short Sale,PNC Bank Short Sale,Citi Short Sale,HomeEq Short Sale,Fifth Third Bank Short Sale,ING Direct Short Sale,GreenTree Short Sale,Capital One Short Sale,ASC Short Sale,First Horizon Short Sale,E-Trade Short Sale,Transland Financial Short Sale,US Bank Short Sale,IBM LBPS Short Sale,
Nationstar Short Sale,BAC Florida Short Sale,Real Time Solutions Short Sale,Fannie Mae Short Sale
FHA Short Sale,Selene Finance Short Sale,DTA Solutions LLC Short sale,Flagstar Short Sale,IndyMac Short Sale
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Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.