What is going on with short sales in Palm Beach County?

By
Real Estate Agent with Treu Group Real Estate

 

561-352-3056 – http://www.treugroup.com – The Treu Group, your Palm Beach County short sale experts, have the answers to help you deal with your FNMA short sale.  Avoiding foreclosure is always the goal and your Palm Beach County short sale team has the solutions for our Palm Beach County sellers.  

 

We always want to assist homeowners to be up-to-date and knowledgeable about the market and latest real estate news. Continuing to work toward this goal, the Treu Group is now bringing you the following news regarding short sales serviced by FNMA (Fannie Mae) from our in-house short sale experts. What a difference a few months make with Palm Beach County Real Estate. In fact in just a few months, we have gone from a buyer’s market to a seller’s market. The changes in the inventory have not only changed the way that equity sellers view their pricing, it also has impacted the foreclosure market.

So what do you do if you are buying or selling a short sale in this market? If you are buying you need to have a real estate team that understands short sale a high level. We have 2 buyer short sales that were approved this week after our negotiator helped to correct errors. Also it is important to understand that you might have to pay a bit more. If you are selling, call your Palm Beach County Short Sale Team as soon as you are late. You can’t afford to wait. The days of delays and more delays are becoming a thing of the past. The right short sale team is critical. The recent changes have done several things for the market. It is causing homes to sell for more money and therefore affecting all properties listed for sale. There are several unique ways that we have discovered to overcome these recent market shifts. We know how to minimize and interpret the process for our clients. Contact us today to see how we can help you.

Buying and Selling a FNMA (Fannie Mae) short sale has drastically changed in the last 4 months. Something we hear every day is how frustrating it to purchase or sell a FNMA short sale and trust us we know. One of the major changes in the process is how FNMA is assessing the value of the properties in question. The investor is sending out an agent to complete a BPO (Brokers Price Opinion) on the property. The value is not based upon the BPO alone and many times all parties scratch their head wondering how FNMA came up with the countered price. FNMA is now much more willing to allow a foreclosure now that the market is improving.

Is your Palm Beach County home underwater?  Is a short sale the right option for you?  You can see if your home is still underwater by visiting our short sale calcuator.  Are you considering selling your home? Do you need to know if a short sale is right for you? Do you have questions about doing a short sale? Your Palm Beach County Short Sale has the answers to help you avoid foreclosure. If you need to avoid foreclosure in Palm Beach County, then call your Short Sale Team. You really will see the difference as soon as you meet your Palm Beach County Real Estate Team, the Treu Group. What are you waiting for? Go ahead and call your Palm Beach County Real Estate Team to schedule a time to meet at 561-352-3056.

Posted by

Lisa and Steve Treu

Let our family of agents help "YOUR" family. 

 

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