HOW ABOUT A DEAL TODAY ON A POINCIANA POOL HOME?
$119,000
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This is a SHORT SALE and will require 3rd party approval. Beautiful pool home with ceramic tile flooring throughout, travertine in the master shower, updated fixtures, solar heated inground pool, family room, heavily landscaped lot, new roof in late 2004, new AC in 2001 and much much more. Let this be you own tropical paradise. A place to call home and to build memories. Act today!
COME ON DOWN TO TUTAS TOWNE!!!
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Looks nice BB!
Ah, the joys of relaxing by the pool. You ought to have that sucker sold in no time.... $119K looks like a great price.
Bryant- Wow, that sounds like one heck of a deal! This one should get offers in no time.
Jesse and Kathy- how often do you get to lay out by a pool up there:)
$119,000!!! What a deal...that pool looks great!
This looks like a great price. I have been looking at several homes in the area. If the price still requires third party approval, that means there is no guarantee that they will say yes correct?? Maybe I don't understand... HERE: we have to get the third party approval on the short sale and then they tell us what they will accept. In turn, thats how we advertise. Is it different in your state?
Kimberly, I have never met a lender yet that will approve a short sale, or price, without having an accepted contract in their hands. So you are right that this price may not be accepted. However, I am in communications with the lender and have a very good feel for what they will accept based on current market conditions. The key is to price low enough to get it under contract but high enough that the lender will accept it. And that just comes from knowing the market. So, in this case, I'm very confident that this price will be acceptable to the lender. Of course there are no guarantees.
Are you guys really getting price approvals prior to getting a contract?
This should sell in no time at all. Great price... good luck.
Maybe I worded it wrong and I may have misunderstood what you meant. Wording and advertising is a BIG thing here. Yes, the final approval comes from the third party here and that is with a contract but we can't just advertise a short sale at a price and then say its subject to approval without having a pretty good idea if it will be accepted. Just like if it was a regular seller. I have to know what he is willing to accept versus just setting a price and then taking him an offer for approval. Only way I know to do that is to have contact with the lender to get an idea first if they will even consider a short sale and second the ballpark that they will accept so that the list price is set accordingly. Like you said, low enough for offers and high enough to be accepted. If we are not able to do that with the lender upfront, then we price it but just don't advertise it as a short sale. I hope I said that right... its been a LONG day! This is why I'm not a fan of short sales.
I think I will shoot you an email with a more concrete example!! Before I confuse more people than just me! LOL
That is one looker! Good luck and if I know you...it's priced right :)
Wow Bryant that looks like a lot of house for only 119,000! Is that a low price for the area?
Wow, unbelievable home for that price, with a pool and those palm trees. I'll keep my fingers crossed this one is accepted for a short sale.
I only saw the photo--was there a video--but it looked great!
My experience lately is that the banks are getting better at processing the contracts. We closed one last week and listed another last evening and the bank is anxious for contracts. We'll see.
BB,
Wow, I can't begin to believe how much a person can buy for that price in some communities. I would think a retiree would just want to come along and love that for the price.
BTW, nice job on the slide show, the music reminds me of the islands.
Bryant, that is a beautiful house for $119,000 and I think that pool has my name on it :)
Good luck with the short sale, everyone that I have been involved with has been a royal pain in the donkey.
Looks like a great deal. How long from offer to close in your area on Short sales?
Good Morning Blog Boy. Over :)
TLW...ROAR!
Thanks Melissa. I think we are on the same page:)
Terry, I can usually get a short sale accepted by the bank in a couple of weeks. 60 days from contract to closing should be enough time. The key of course is to make contact with the lender at time of listing and then keep them in the loop. You also have to get the sellers financial statements in order so once a contract is accepted the package is ready to be sent over to the lender.
Bryant, great little show there! You should get multiple offers from your fans on Active Rain! Dang! I should buy it!
WOW Thats cheap!
Love the sound track!
BB - The pricing in your area is just incredible. I know the market is in the dumper in your area but man a home like this for $119k?