Over the last few weeks I have had a conversation numerous times with people in the process of selling their homes, and looking to buy into the Fort Lauderdale Real Estate market. One is involved in a short sale of their property and the other a simple regular, good old fashion equity sale. Both are going to have problems getting a mortgage, and today for realtors who prequalify as we should, neither one is a client that we would consider "ready willing and able".
Both contacts have been looking diligently on my website www.FortLauderdaleGroup.com, and are have been realistic about what they can afford. The story for each of them is different but the end game is the same. The first story we all understand. A short sale will hurt your credit for a while. The second is a client who is selling their home, opening a new business in the place they always wanted to live, but currently even with plenty of assets they look unemployed, and a mortgage is going to be tough.
After seeing this story arise twice, I realized it maybe time again to really go after the seller with plenty of equity and discuss owner financing. With the right buyer, one who has simply experienced a rare situation after years of having excellent credit ratings, a deal can be a win for everyone.
Thinking its time to buy into the Fort Lauderdale Real Estate market? We agree and are here to help with all your Fort Lauderdale Real Estate needs.