Search Laurelton, New York Short Sale Listings Guide-January 29 2011
Queens, New York Real Estate Overview
Laurelton, New York 11413
The Search Laurelton, New York Short Sale Listings Guide-January 29 2011 is a weekly report to assist prospective home buyers and sellers in the purchase or sale of Laurelton, New York Short Sales and Laurelton New York Homes for Sale.
The report provides free multiple listing property search of Laurelton, New York Short Sale information and short sale data. Laurelton Short Sales are also broken down by price range to give purchasers an idea of the number of homes available.
According to the National Association of Realtors Short Sale Basics, "A short sale is a transaction in which the lender or lenders agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.
A short sale can also be the best option for a homeowners who are "upside down" on mortgages because a short sale may not hurt their credit history as much as a foreclosure. As a result, homeowners may qualify for another mortgage sooner once they get back on their feet financially".
While a Baldwin New York Short Sale can represent a "bargain" for buyers, there are many potential pitfalls that buyers should prepare for. Thinking of Making an Offer on a Short Sale, an article published bt the National Association of Realtors, provides a roadmap to a successful Baldwin New York Short Sale purchase.
Laurelton homes sold information is also provided to prospective home buyers and sellers to aid in determining property value.
The residential community of Laurelton is located in the southeastern part of the Borough of Queens in New York City, NY.
Laurelton New York Short Sales
As of January 29 2011, there were 58 Laurelton, New York homes for sale. Of the 58 Laurelton, New York homes for sale there are 10 Laurelton, New York Real Estate short sales. The median list price is $344,000.
An analysis by price range indicates that most Laurelton, NY Homes for Sale are in the $350,001-$400,000 band with 5 homes.
Laurelton, New York Homes Sold
The three month period October 30 2010 to January 29 2011, Laurelton NY Short Sales accounted for 2 of the 17 Laurelton, New York Real Estate home sales. The Laurelton NY Short Sales median sales price for this three month period was $317,400.
Data Source: Multiple Listing Service of Long Island