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Jupiter Florida Short Sales

Short sales are a hot topic of conversation in the real estate industry today. They seem to be popping up everywhere, and while a short sale can mean a fantastic deal for an interested buyer, it is important to remember that the term indicates a hardship on the seller which leads to a more complicated sale. Read more about short sales in Jupiter Florida

Contact The Ted Team to view Palm Beach Short Sales

Short Sales

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$800,000 - $900,000 $900,000 - $1,000,000 Over $1,000,000

5,173 Search Results Found. Showing Results 1 - 8.

1 2 3 4 5 6 … 647 »

MLS# R3018058

MLS ID: R3018058
Price: $4,400,000
City: Vero Beach
Bedrooms: 6 Bathrooms: 7

MLS# R3088810

MLS ID: R3088810
Price: $3,495,000
City: Boca Raton
Bedrooms: 6 Bathrooms: 6

MLS# R3095314

MLS ID: R3095314
Price: $3,400,000
City: Boca Raton
Bedrooms: 6 Bathrooms: 4

MLS# R3082536

MLS ID: R3082536
Price: $2,800,000
City: Wellington
Bedrooms: 6 Bathrooms: 8

MLS# R3034417

MLS ID: R3034417
Price: $2,500,000
City: Wellington
Bedrooms: 6 Bathrooms: 4

MLS# R3011435

MLS ID: R3011435
Price: $2,300,000
City: Boynton Beach
Bedrooms: 4 Bathrooms: 5

MLS# R2936369

MLS ID: R2936369
Price: $2,300,000
City: Delray Beach
Bedrooms: 5 Bathrooms: 5

MLS# R3024493

MLS ID: R3024493
Price: $2,200,000
City: Weston
Bedrooms: 6 Bathrooms: 7
1 2 3 4 5 6 … 647 »

Short Sale Properties in Jupiter Florida

When a Palm Beach property is listed as a short sale, it means that the current homeowner has become unable to keep up with their mortgage payments and a regular sale is not possible because the property is worth less than the amount still owed on the loan. In order to avoid foreclosure proceedings, the homeowner and the bank holding the mortgage come to an agreement in which the owner may sell the property for less than the amount due, and the bank will consider the mortgage settled for "short" of the original loan value.

Due to the hardship on the seller, and the bank already taking a loss on the property, Palm Beach short sales tend to be more difficult than regular sales. In markets flooded with short sales buyers should be particularly careful and make sure to contact a Realtor experienced in short sales to represent them.

Although Palm Beach short sale properties are priced well, it can take months to get through the process from initial offer to close. Also, because your Realtor will be dealing directly with the bank there is not much room for negotiation in short sales.

Terms such as closing costs, or which party is responsible for property repairs are almost always going to fall on the buyer. Banks like offers without a lot of strings attached. Usually such terms are the trade off buyers deal with in order to get the property at a great price.

Buyers should also be aware that once they put in an offer on a short sale, they are considered to be "under contract" with the bank until they hear otherwise. This means that even though it could be months until you hear from the bank, and even though the value of the home may have fallen during that time you are "locked in" to your offer, and cannot continue to seriously consider other properties.

All in all, a well-prepared and well-represented buyer can come out a winner in a Palm Beachshort sale deal, you just have to make sure you find an experienced real estate professional to take care of the details for you. In Palm Beach County, short sales are still on the rise, and Ted Guarnero of The Ted Team is the area's local expert in handling the intricacies of such deals. An experienced Realtor will be able to prepare you for what could otherwise be a frustrating process.

Contact the Ted Team for more information on Palm Beach short sales. 561-512-1660