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Short Sales Are Booming in Pensacola

By
Real Estate Agent with The Scott Gregory Team, Keller Williams Realty Emerald Coast

Call Scott Gregory NOW at anytime at (850) 501-2574 / www.ScottGregoryHelps.com / http://www.greatpensacola.com/

 

There has been a "dramatic shift" in the housing market, according to an article in USA Today dated August 30, 2012.

Mortgage companies are not leaping to foreclosure nearly as quickly anymore, because they have realized that they get more money back from short sales, the report said.

While foreclosures used to dominate many markets, 65 percent of distressed properties sold today are short sales, while only 35 percent are foreclosures.

“Banks have become much more supportive of short sales,” Kathleen Howley states in the article.

“That’s better for the lenders, who have smaller losses on a short sale, and it’s going to be better for homeowners, who won’t have as much psychological distress as a foreclosure.”

Distressed homes represent one third of  transactions in today's market, according to the report.

Simply put, a short sale is a real estate transaction where the homeowner owes the lender more than what their property is worth, and is a way to get it sold. In a short sale, the lender must approve and accept less than what they are owed as full payoff. The bank also often pays most or all of the closing costs for the seller.

Are you facing a financial hardship that you know will decrease your income?
 
Are you getting behind on your mortgage and you're not sure if you can catch up?

Or do you just need to sell quickly but your home is worth less now than when you bought it?

If you are facing any of the situations above, and you think a short sale might be your best option, then read on. I can help you at no cost to you! I can help you if you have property for a short sale in Pensacola, Navarre, Gulf Breeze, Milton, Pace, Mary Esther, Fort Walton Beach, Pensacola Beach, Navarre Beach, Cantonment or Destin.

 If you're still not sure and just want more info, then scroll to the bottom of this page and request a free copy of our article "The 9 Alternatives When Facing Foreclosure"

Did you know that nearly 90 percent of the homeowners nationwide who try to "short sale" their home will end up losing their home to foreclosure due to an uneducated or lazy agent? CALL US NOW!
 

Call Scott Gregory of The Gregory Team (850) 501- 2574

 The Gregory Team

The Gregory Team is a “mega agent” team at Keller Williams Realty Gulf Coast (Keller Williams Realty Pensacola) that specializes in residential sales and investment properties, and has extensive experience in getting homes sold in a changing market (from regular sales to distressed sales). When you buy or sell with The Gregory Team, you get a full team at your service. They can help you buy or sell property anywhere in America. Local market areas include Pensacola, Navarre, Navarre Beach, Pensacola Beach, Gulf Breeze, Milton, Pace, Fort Walton Beach, Mary Esther, Perdido Key, Cantonment and Destin. Sellers, buyers and referrals are always welcome. Call us at 850-501-2574 or email to gregoryteampensacola@gmail.com.

Scott Gregory

 

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