Are you working with a Realtor, who is assisitng you with those offers? The problem with short sales is that unless the seller can prove hardship and it is pretty close between selling price and amount owed, the bank will probably not accept it. So, there is a pretty strong tendendy that some of the short sales out there will become foreclosures. Considering the banks will not initiate the process unless there is a contract on the table, not necessarily short sales are priced at what the banks need to approve it. So, what really matters on short sales is how much the seller owes and the reason he/she is trying to short sale it. You would be better off looking into foreclosures or regular sales in which the owners have equity in their property and consequently have room to negotiate.
I am a certified relocarion agent and would be happy to help you and your family purchasing a property. I noticed you are looking into the north Broward area. Is that where you are working? Do you have children, if so what is their age? What type of property are you looking into: single family or townhouses? Have you decided on a price range? If so, have you talked to a lender about it?
Please let me know if you would like to come to my office to talk about your options and to look at the properties available on the Multiple Lisitng System.
Good luck on your search.
I hope this helps.
Future Home Realty, Tampa
There are STILL sellers that have purchased homes over 5 years ago and STILL have equity in their properties if they did not refinance. There is a good chance that you can STILL get a great deal from an end user that lives in the home that you are looking to purchase. With resales, the seller will be there to answer your questions and address any items that come up during your inspections. In most cases, they have kept the home up and made necessary repairs and modifications during their ownership.
Another great reason to buy from an end-user is that you will hear a response back from them in usually 24 hours or sooner. No frustration; all of your questions answered; no anxious days and months waiting to hear from a bank that has never even seen the property.
If you are not already working with a top Realtor that services Coral Springs, Parkland, Boca Raton, or Delray, please give me a call at 954-609-0591 or visit my website at: http://www.FloridaHomeTools.com Good luck! Michael Citron, Remax