Margate New Jersey Short Sale Listings Sold in 2011

By
Real Estate Agent with RE/MAX Platinum Properties

 Margate New Jersey Short Sale Listings Sold in 2011

 


Margate short saleIn 2011 there were a grand total of seven short sale listings sold in Margate New Jersey. Three short sales were bought with cash and four were bought with conventional financing.  There were thirty eight short sale listings in Margate that expired or were withdrawn from the market.

 

There is an interesting statistic in these numbers.  18.4% is the actual percentage of Margate short sales that went to settlement last year.  

 

Margate short sale18.4% really? That’s all? Wouldn’t you think that people would be jumping all over the chance to buy a Margate home at a below market price.  Margate short sale listings are a great opportunity.

 

Here are a few reasons why the numbers are so low.

 

1.    Some people don’t want to deal with the process of a short sale.

 

2.    Many times it is because most agents that list short sales have no training or certification to handle a short sale.

 

3.    Sometimes agents discourage Buyers from looking at short sales, why? Refer back to number two.

 

Margate short sale 

So if you are thinking of buying or selling a Margate short sale what should you do? Answer: Find a well trained real estate professional with the CDPE Designation.  A CDPE is a Certified Distressed Property Expert. Through comprehensive training and experience these professionals are well equipped to ensure an efficient execution of a short sale transaction.

 

 Margate New Jersey Short Sale Listings Sold in 2011

 

If you are interested in Margate Short Sale Listings email me for list of properties at tob2@verizon.net.

 

 

 

If you are a Distressed Seller and need answers go to my website ACShortSales.com

 

 

 

 

Comments (0)