Short Sales Hit Longboat Key Florida

By
Real Estate Agent with Longboat Realty

Even upscale Longboat Key isn't immune from Short Sales. Here's a recent ad I developed thinking that I might want to market to bottom-feeders.

BUYERS WANTED FOR BUREAURACY-LADEN, TIME-
CONSUMING, SHORT SALE OPPORTUNITY. OUTCOME
UNCERTAIN. EXTREME SAVINGS IN CASE OF SUCCESS.


Short Sale & Bank-owned Property on Longboat Key
Type    Bed    Bath    Price    Sq.Ft.    Notes
Land    0    0    $290,000    .68ac    Cnrd. Bch
House    2    2    $375,000    1248    Canalfront
House    3    2    $395,000    1841    Canalfront
House    3    2    $449,500    1664    Canalfront
House    4    3    $795,000    3389    3 car gar.
Condo    2    1    $479,000      645    Rental pos
Data from: Florida Association of REALTORS® MLS Advantage™ 1/09
CONTACT: Joseph P. Vermeren, Longboat Realty
(941) 705-2000 or JPV@LongboatRealty.com
See other areas at: www.LongboatRealty.com

On reflection... do I really want to encourage these types of buyers with this complexity of transaction? What's your opinion?

 

Comments (4)

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

I suspect that you would want them, but I also suspect that the ad is too "insider" for them to understand.

 

Jan 07, 2009 10:55 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

The short sale can be OK with the right buyer and the right seller.  Check to see if the seller has greed to pay deficiency judgments if they have assets.  If the buyer isn't in a hurry and has time, iy can work.

Jan 07, 2009 11:13 PM
Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. This is a great site with lots of information.  Have fun with it and hope to see more of your blogs soon!  We have a team of three outstanding full time agents to assist your buyers and sellers in Spartanburg/Greenville, SC.  Let us know if we can ever help. Again, welcome to AR!!

Jan 08, 2009 12:14 AM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

I advertise for short sale buyers all the time, usually they don't know how bad it really is trying to get this type of home. But, you can educate them and if they still want to buy, why not help them, they are buyers and if they are willing to wait, so am I!

Welcome to Activerain, but I actually did like the add, it was humorous.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

Jan 09, 2009 09:18 AM