Want to buy a short sale?

When a homeowner is upside down on their mortgage payments, they can sometimes get the lender to agree to a short sale, whereby the lender agrees to release the mortgage for a sum less than what's due. Should you have any questions regarding real estate in Port Saint Lucie, Florida, contact me here or e-mail me.

Purchasing a short sale in Port Saint Lucie, Florida on your own is risky. Contact Florida Sun & Surf Realty Group for expert advice.

Can I get a good deal on a short sale?

From time to time, yes. Most people hear the term "short sale" and routinely think of a seller that is insolvent and needs to sell their house promptly to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to make the most of another's misfortune. Alternatively, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have depreciated. In cases such as these the "bargain" price may in fact be closer to actual market values, not below.

Are you ready to buy a short sale property?
  • Always do your research before making any offers. Using an experienced real estate agent from Florida Sun & Surf Realty Group to support your research of a property will help you make knowledgeable decisions. We can help learn to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Acquiring these facts can help you make a decision about how much to offer.

  • Use an agent with short sale knowledge. The real estate agents at Florida Sun & Surf Realty Group can help expedite the transaction and ensure that you're protected. Don't allow inexperience to impede the closing process. Let our experience and knowledge work in your favor.

  • Even in the best of situations and with an experienced real estate agent, buying a short sale property will probably take longer than a typical real estate transaction. Be informed that many short sales will not close in 30 days or less. Remember that you're not only getting approval from the seller, but the lender must also agree to the terms of the sale. Commonly, your offer will be sent to a committee to approve or disapprove which will add time - sometimes even 2 to 3 months.
  • Home warranties, buyer credits and allowances, and closing cost concessions are usually not up for negotiation when working with a short sale. The lender will sell the property "as is" which means the lender won't be paying for repairs. Be sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Florida Sun & Surf Realty Group, when we write an offer, we will be looking out for your interests above all else and will always advise you to make your offer contingent upon the results of the inspections.
If you're ready to buy, whether it be a short sale or a typical home sale, Florida Sun & Surf Realty Group can help. Apply our experience and knowledge of real estate to be confident that you are getting a fair deal and remain protected during the whole transaction.

Florida Sun & Surf Realty Group 1250 SE Port St. Lucie Blvd. Suite A Port Saint Lucie, FL 34952
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