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Michael Citron's Blog

By Michael Citron | Agent in South Florida, FL

Coconut Creek Short Sales: The Road Is Now Paved

 

by Michael Citron
Coconut Creek Florida Short Sales Finally Seeing Progress

coconut-creek-florida-short-sale

Finally, banks and lending institutions are getting with the program!  We have seen an increase in the turnaround of successfully negotiating and closing on Coconut Creek and South Florida real estate short sale properties.  Recent studies show that there has been an 19% increase in successful closing on short sale listings.

This exciting news will help stabilize the Coconut Creek and overall real estate market hopefully soon, as less real estate inventory will be on the market for sale (including short sales and bank foreclosures).  As a result of this news, buyers should be jumping on this opportunity to purchase Coconut Creek real estate homes.  Studies also show that short sales sell for a 21% discount of market value.  With mortgage rates in the low 4% and very affordable real estate inventory in Coconut Creek, Florida, now is the time to purchase a home.

Know the neighborhood. Know the value. Know your hometown agents. The RE/MAX Coconut Creek Real Estate Team. If you are interested in buying or selling real estate in Coconut Creek or South Florida and are looking for experienced local Coconut Creek Realtors, please do not hesitate to contact us at: 954-609-0591 or send us a message here.

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