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Hi Sefania,
To answer the foreclsure question, the lised price tends to be about right if the persn doing the short sale has had contact with their bank and has an idea of what they want to net on the property. A short sale is the first step in the foreclosure process -- when the owner still has the property and the bank may let them sell it for less than they owe.
Once the bank takes the property they price it for what they want to get, and the good properies usually get multiple offers immediatly. If it is a less desirable property the bank may lower the price every few months until it sells or goes to auction.
If something is listed at 450,000, it is probably in nicer building that has several propeties tat have ecently old t or around that pirce. I would have to know the exact poperty to evaluate that.
The 100,00 price range in a vacation renal area is a very low price, possible a small studio in a low rise building. In south beach their are many buildings that are that style,s that may be the best option for you.
My company web-site below may be a good place to look, there is south beach section.
If I can be of further assistance feel free to contact me directly,
Beth Jenkins
South Florida Brokers
786-374-4778 (direct)
Mon Jun 15 2009, 06:02