Florida
Short Sales
What A Short Sale Is and How to
Find A Great Deal on One

Short sales are listed in the MLS
A short sale is a property that is for sale and when it goes
to closing, the current owner can not pay their lender what is owed on the
property. This makes the money paid to the lender at closing short of the total
owed. The owner asks the lender if they will accept less than they owe and allow
the sale to go through. Short sales are mixed in with other properties for sale
in the MLS. They are noted as a short sale. The lender must approve the price.
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Sarasota Short Sales and Foreclosures
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The Pros and Cons of Short
Sales
Great Deal for Buyers
Buying a short sale property can be a great deal for a buyer.
Often the price that a lender will accept is lower than similar properties in
the neighborhood.
Patience Required
A short sale require the lender's approval. This is often
referred to as "3rd party approval". This may take a while and
other offers can be submitted while you are waiting on a reply.
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Inspections Required
A property that is a short sale should have the normal
inspections. We always suggest a home inspection, termite / pest inspection and
other inspections if the property needs them, such as septic, pool, roof, etc.
These properties are being sold "as is", and even if a property needs some work
or something replaced, it can be a wonderful investment.

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As Top Professional
Short Sale Specialist
Realtors, we Preview,
Show, List and Sell Real Estate Daily

John & Nancy Werner,
Realtor/Broker
Email:
Click HERE to Email Us
Direct Phone: (941) 923-8222
Cell: (941) 587-3418
Please feel free to call after hours or on weekends
Integra Realty Group
Professionals You Can Trust
Sarasota, Lakewood Ranch and Palm Beach County
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