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David Welch
"Real Estate Optimist"
- 2 Helpful Answers
- 19 Answers
- 138 Blog posts
Locations:
Web sites:
Profile Link:
Experience:
Director for Flordia Association of Realtors
January 2006—present
Board of Directors for 150,000 member Realtor Association
Board of Directors for 150,000 member Realtor Association
Specialties:
Residential homes, Condos, New Homes, Luxury Homes, Vacant Land, Commercial Office Sales
Certifications
& Awards:
& Awards:
Who's Who.
Interests:
I enjoy running around Baldwin Park and working out in one of the fitness centers
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About:
Experience: You want a broker with the experience needed to know the local neighborhoods, schools, market conditions, etc. With over twelve years of experience
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David Welch answered:
I just posted a blog about Orlando real estate sales trends, and one of the figures I was looking at involved the closed ratio for short sales. There are 3,743 short sales pending right now, but only 339 or just over 9% closed last month. I would say looking at this and the experiences I have had thus far, you are looking at six to seven months for approval. That is just an average, some move faster than others. If the second is an equity line, you will probably not get an approval at all. There are so many factors involved in each transaction, it is impossible to tell you for sure. Best of luck.
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