The Florida luxury short sale market is “Red Hot” right now. Thanks in part to the upcoming streamlined guidelines which will be in place by November 1st. From January to May 2012, short sales accounted for 14% of residential sales, rising above pre-foreclosure and bank-owned sales. This increase in short sales signals the desire for lender’s to avoid the costly complex foreclosure process by working diligently with their distressed property owners. This is very positive news on the housing market home front.
An example of how fast this market is picking up is this: I have listed 4 short sale properties within the past two weeks. I already have three of these properties under contract one of which was in the same day the property went on the market. This property had several offers made all within the same day. This allows the current owners to occupy the residence with peace of mind and ample time to relocate while the short sale process is taking place.
The only distressed property I have at the moment is a short sale in the Isles at Wellington. It is a Beautiful, very spacious, five bedroom home located within a Cul-De-Sac. It features a spectacular spiral staircase transcending through the foyer. In addition it has a heated pool, Jacuzzi, and beautifully landscaped lawn. This is an amazing home for the price with lots of “Value”! View the complete listing: