Non-Distress Home Sales Are Making A Come-Back in St Cloud ...
Non-Distress Home Sales Are Making A Come-Back in St. Cloud, Florida. You read that right. Non-Distress Sales. Not short-sales, not foreclosures, regular sales between a real seller and real buyer. The way Real Estate used to be. Buyers by the hand full who are fed-up and frustrated that banks juggle multiple offers on properties or wait for up-to a month to review an offer while the buyer lingers in limbo?and then seem to end up on the short end of the stick, are re-visiting traditional sales.
Short-Sales and Foreclosure Homes in St Cloud Florida,?are typically discounted seventeen to twenty-five percent (17-25%) off of fair market value. So a traditional sale may cost a little more. But, what a traditional sale offers that discount properties do not is a shorter response time to offers, and ability to negotiate.
In a Foreclosure sale, the bank knows NOTHING about the property they now own. Nothing. All the do know, is that borrower failed to make payments, and they went through the court system to take back possession of the property that the mortgage payments were defaulted on.
They have no idea how old the roof is, if it ever had a water leak, or when the carpet was installed. In addition, often those properties have been long neglected due to the harsh economic times and shortage of repairs funds most home owners set aside to keep up with routine maintenance.
What they do know, is how much they want to sell it for regardless of the amount of work it may need to repair it. They have done their homework. They have had it either appraised or obtained ?a Broker Price Opinion based on comparable sales in the area to determine a current market value.
So a bargain is not always a bargain.
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?In addition to the defects you can see, there could be many you cannot see. They make no guarantee or warranty- it is sold "As-Is".?
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? Having a home inspection performed may be one way to mitigate unexpected problems, but as any contractor knows one problem can often lead to another. It could become a money pit quickly.
In a traditional sale, the home owner has a better overview of repairs, problems, cures and dates work has been performed. There is something called a "Seller's Disclosure" which in Florida Home Sales, is a handy document covering a variety of topics all pertaining to the homes various systems. Ask for one.
? In the long run, a traditional sale, one that is not a distress sale may be worth a second look. The money you pay up front, may save you much more in repairs later. St Cloud Homes, LLC
St.Cloud Homes
Allison Stewart Broker, SFR, CDPE?
407-616-9904www.kissimmee-stcloudflhomes.com
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????St. Cloud Homes YOUR Local Real Estate Experts serving Home Buyers/Sellers in Kissimee, St. Cloud Fl, Harmony, Lake Nona, Anthem Park, Bay Lake Ranch, Lake Lizzie, Reunion, Celebration, Lakepointe, Steven Plantation, Acadia Estates, East Lake, Windermere, Bay Hill. Our unparalleled service begins with YOU.
?? For a free consultation call us 407-616-9904 or visit our website?or ?email us
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