Selling Poinciana One Property at a Time.: July 2011

Living In The Land Of Denial.

Florida Real Estate Broker

I recently spoke to a potential Seller in Poinciana Florida.  She mentioned to me that she purchased her home in June of 2006 and now she was ready to move back up north. She wanted to know what she needed to do to get the equity out of her house. Well of course my first question was "Do you have a mortgage?" She said she did and that she owed them $212,000.

Well Ok then. Her property is currently worth about $65,000!! She was a nice lady but no matter how hard I tried I  couldn't get her to understand that she wasn't in a position to sell unless she could bring about $175,000 to closing. Or she could attempt a Florida Short Sale. She had no money and didn't want to consider a "Quick sale". I explained that there was really nothing I could do for her.

She went on to tell me how she needed her equity and that I didn't really know for sure that she couldn't get $240,000 for the house unless we tried. She told me "I'd like to place it on the market at $250,000. There may be someone from out of the State that would buy it at this price".

I politely declined.

Are you as surprised as I was that there are still folks out there that are this far away from reality? Total denial. And I wonder if she will find an agent to list the property at 3 times what it's worth? 

This conversation left me scratching my head!!

 

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***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

 

 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, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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Comment balloon 23 commentsBryant Tutas • July 25 2011 04:30PM
Living In The Land Of Denial.
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