Buying Short Sales Vs. Foreclosures
It’s an interesting market, to say the least. A simple internet search will turn up tons of listings that are tagged with ‘foreclosure’ or ‘short sale’ (incidentally, if you’re interested in foreclosure listings, you can sign up here for free Sarasota foreclosure lists delivered right to your e-mail.) Some of the prices look too good to be true; some of them are. Here’s a quick comparison of short sale vs. foreclosure transactions.
| Short Sales | Foreclosures | |
|---|---|---|
Making the offer
Short Sales
The beautiful thing about short sale contracts is that they’re fair and straightforward. Short sales, for all their special needs, are regular transactions – a private buyer purchases a property from a private seller, and the funds from the transaction pay off the remaining mortgage.
The problem is that there aren’t enough funds at closing to pay off the entire mortgage – so the bank needs to release their lien. This can take some time. Sometimes, it can take a lot of time.
Foreclosures
Some Local Foreclosures
Showing properties
1 - 5 of 142.
See more All Sarasota Foreclosures.
(all data current as of
5/18/2012)
-
$39,900 : 1495 18th St, Sarasota2 beds, 1 full bath
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$99,900 : 3830 Afton Cir, Sarasota3 beds, 2 full baths
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$479,900 : MLS # A3960482 in Osprey3 beds, 3 full, 1 part baths
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$84,000 : 1373 42nd St, Sarasota3 beds, 2 full baths
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$64,900 : 2140 Cocoanut Ave, Sarasota3 beds, 1 full bath
Listing information deemed reliable but not guaranteed. Read full disclaimer.
… And Some Local Short Sales
Showing properties
1 - 5 of 37.
See more Sarasota Short Sales.
(all data current as of
5/18/2012)
-
$115,000 : 5004 79th Avenue E Plz, Sarasota3 beds, 2 full baths
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$138,900 : 5714 Monte Rosso Rd # 5714, Sarasota3 beds, 2 full baths
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$140,000 : 7674 37th Street E Cir, Sarasota3 beds, 2 full baths
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$109,000 : 4065 Crockers Lake Blvd # 24, Sarasota3 beds, 2 full baths
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$145,900 : 3539 Fairview Dr, Sarasota3 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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Related posts:
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Copyright © 2012 Mid Florida MLS. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Mid Florida MLS. Real estate listings held by brokerage firms other than Re/Max Alliance Group are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 5/18/12 12:04 PM PDT.