I'll assume you're in the UK looking for something in Four Corners.

A short sale means that the seller is trying to sell the property for less money than they owe on it. The asking price on a short sale may or may not have anything to do with want the lender whould actually accept REGARDLESS of whatever marketing spin the listing agent puts in the public comments.

Short Sales are normally a WASTE OF TIME. Only about 25% of short sales get sold as short sales. They majority are taken by the bank and eventually sell as a bank owned property. So if you are willing to spend a lot of time on a 25% chance of success, then go for a short sale. My advice is to focus on bank owned properties. They are offered with real prices and they close quickly.

Good luck,
Mark LeMenager
Weichert, Realtors - Hallmark Properties

Since ther is so much competition on houses right now, thats the reason I would give on why there are so many unsold houses. Most of the houses are being sold by the owner.

You dont have to pay asking prices on short sales. You should look at the demand of the area and the list price when putting offers on short sales. Short Sales Usually take months to close.

However It is an advantage for you that there are so many homes in Highland Reserve,

I live 3 minutes from highland reserve, and it would be my pleasure to help you in your search.

If you would like you can email me at icharif5@gmail.com

Florida UK:

This home were built and sold during 2000 to 2004 before the price boom. Most owners have mortgages they can afford and therefore there is little inventory of foreclosures and short-sales (when compared to other locations).

Most of the 77 homes currently listed are traditional sales. So it will be a normal negotiation between owner and buyer, you may get a 5% to 10% reduction in price.

With foreclosures ( there are only 3) anything under 30 days on market sales for asking price. Older than that you may get a lower price depending on how distressed the property is....but nothing in near Disney sales for "much lower offer". Banks price homes just below market value as a rule.

Click > http://mfr.mlxchange.com/Pub/EmailView.asp?r=1782591668&…

Let me know if you have further questions. I know that area well.

Tony Vega
Avegapacheco@aol.com http://www.SearchKissimmeeHomes.com
407-791-9086

Does the house you are interested in need a lot of work to make it habitable, or is it in good condition?
Ask your REALTOR what the comparable sale prices are for that particular community for the last 6 months and then make your offer based on the recent sales. The banks will be doing the same thing, and they may accept a lower offer than the asking price.

Just remember that Short Sales are a slow process, so patience is the key.


Nadine Mauro
The Herman Group Real Estate
561-414-0864
NadineMauroRE@yahoo.com