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email us to provide feedback or give examples of
other areas to search under. Communication is
another important part of what we are trying to do
in real estate so let's all work together to achieve
that ultimate goal of ownership and proper investing
strategies. Let InvestSmarter.com show you why
we continue to be one of the top producing groups.
It seems like everyone today is
asking about Short Sales and Foreclosures.
That's the hot topic on Destin Florida Real
Estate and Destin Florida Real Estate.
There are a few basics when talking about short
sales and foreclosures you must keep in mind.
Foreclosure: These are
getting fewer and fewer since the development of the
Short Sale. But in a foreclosure the bank has
already taken control of the property. So
basically what we have found is you can get a better
deal on the property through a Short Sale than you
can a foreclosure. The cost to the bank is higher by
going through the Foreclosure process.
Short Sales: Basically the
bank and the owner on working together to sell the
property. They have found a magic number that
works...and are willing to consider other offers.
This is typically in the 65% to 75% range of what is
owed on the property. The owner will then be
given a 1099 for the difference. Up until late
last year, the seller would have to pay gains on
that money, however, that is not the case any more!
Please see our other site that deals with
Real Estate in Destin and Destin Florida here.
Let us give you a hand in
establishing the proper investment strategies when
it comes to Destin Short Sales and Destin Florida
Real Estate. Whether it is your personal home,
rental property, or commercial real estate, we at
InvestSmarter can make your next deal a success.
Let us show you how to be a Smarter Investor in
Destin Short Sales.
Contact us
today if you are interested in a Short Sale on your
property or if you are interested in viewing Destin
Short Sale Properties or any Destin Florida Real
Estate.
