Folks, this could be the one! Over 1500 sq ft living area and good as new. Only.....$115,000!
Folks this is a great opportunity to own a 4 bedroom home in Poinciana for a reasonable price. The house is in very good condition. This is a short sale and will require minimum 60 days to close. Seller will contribute towards your closing cost if the price is right. Ceiling fans in all rooms. Tile flooring through out. *****Listing price may not be sufficient to cover all encumbrances, closing costs, or other seller charges and sale of Property at full listing price may be conditioned upon approval of third parties.
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"sale of Property at full listing price may be conditioned upon approval of third parties."
Don't you mean: sale of Property even at full listing price may be conditioned upon approval of third parties.
Brenda and I wish you both a happy 4th
Bill
BB,
That looks like a great value! Is there still a good market for rentals there? What would this property fetch per month on the rental market?
Bryant, I'm echoing David and Kristin's questions. This looks like it could be a terrific investment opportunity for someone.
Bill, Believe it or not that is the exact verbiage passed down from our local board. I guess it took a whole bunch of attorneys to come up with that. If it helps my sellers will not negotiate the price on short sales. I have priced them where I feel the bank will accept it and if there is no activity within a 10 days we will reduce it a little and continue to do so until the feeding frenzy starts. Then we only accept full price or more. I want to be able to show the lender that we made every effort to sell as high as possible. I believe it's a good strategy. I have 7 short sales right now and expect to get them all approved.
Hi guys, The rental market in Poinciana is also way down. That house would probably rent in the $850-$900 range.
I've started posting some of these listings in anticipation of the launch of Localism. I'm actually not a big fan of posting listings on my blog but I'll have to wait and see how it works.
BB - Amazing, a home for un der $80/SF. And a nice one at that. Sounds like you have a good system for getting these things approved. How many short sales actually end up closing?
Jeff
I meant to add. I use the Real Estate Shows when I post them because that way all I have to do is log in to the RES site to change prices or status without trying to remember everywhere I have the listing posted. That's also why most of my sites link to a live IDX feed that has my listings on them. If I change the MLS the listings automatically change. I have my listings on about 550 sites but only have to make changes at 4 locations to update them all. To me and the consumer, I presume, there's nothing worse than inaccurate listing info. I like simple.
Bryant,
I belive it! I do. I do!
But does that mean that a hunderd more or a thosand less and the seller can make a desesion? Please don't blame the attorneys, I'm very close to an attorney.
Bill
Jeff, the average sales price on my a market right now is $67 per sq ft!!!!! 12 months ago it was $119. How bad is that?
Bill, the seller can always make a decission. But the reality is, that since it's a short sale, there is nothing in it for them anyway so they take my advice.
A wise seller!
Bill
Geez. I don't know why Florida isn't swamped with home buyers. What on earth is holding them back??
I'm with Lenn...if there were prices like that here there would be a housing boom again :)
Bryant:
Stopped by to say thanks for subscribing to my blog. I really appreciate it.
Lisa
Great for a buyer that can wait a couple of months to close.
What's holding back FL buyers is the market has yet to reach bottom.....who wants to catch a falling knife? Those that paid $100/sq ft overpaid....and those at $85.....and probably those at $67. Based on what I've read, there's no economic news that would lead anyone to believe the market is about to improve. If anything, FL's economy is bad....headed to worse.
Hey Stan, How are you my friend? You are certainly right about the values still declining in my market. I'll be posting a new market report later today. It's brutal!!!
There are some folks that are still buying and flipping in Poinciana. You just have to be very very careful. Have a great 4th!!!
BB,
Life_is_great! Youngest son is, as I type, on a flight home from China.....can't wait to see him!
I figure FL RE will be ripe once the fundamentals finally work themselves through the market. But, as with all markets, yours will recover and you'll be in position to take full advantage of the opportunity.
Remember the old axiom....."In confusion, there is profit"! :)
Hi Bryant,
Looks like a great value! At that price I assume you have many, many offers on the table! Good luck marketing it and closing in 60 days.