Short Sales 
There are currently 11 blog entries related to this category.
Just Sold! 7666 Cypress Crescent in Montoya Circle in Boca Raton! This was a short sale!
Monday, November 28th, 2011 at 11:36am. 210 Views, 3 Comments.
Gloria listed this property in Montoya Estates in the Montoya Circle neighborhood in Boca Raton. It is a three bedroom home with a garage which was converted to a fourth bedroom. It is in a great location walking distance to Boca Raton Synagogue. The house just sold for $245,000 in a short sale. Although the seller purchased the house in 1993 for $118,000, they had refinanced when values were higher and subsequently were upside down on their mortgage and had to seek bank approval to sell their home for less than the current mortgage balance. These happy buyers got a gem of a deal for Boca Raton real estate in a fantastic location!
This Boca Raton short sale took five months from the time the short sale package was submitted to the bank to the short sale…
Just Sold! 4 BR Home in Symphony Bay in Boca Raton!
Tuesday, January 11th, 2011 at 12:14pm. 474 Views, 0 Comments.
Another short sale, another great deal! This 4 bedroom, 2.5 bath, 2,552 sq. ft home in Symphony Bay was originally listed for sale at $289,000 in August and just sold by our buyer’s specialist, Karen Rothstein, for $265,000, under current market value. Karen’s client is thrilled to have found this spacious and updated 2 story single family home with tile and wood flooring throughout in a highly sought after community. This home, built in 1995, has an updated kitchen with granite counter tops and stainless steel appliances, beautiful draperies, newer AC and hot water heater and a pool. This was a fabulous value in a beautiful West Boca Raton community with low monthly HOA’s and A+ schools.
2010 Montoya Circle Real Estate Market Wrap-Up
Wednesday, January 5th, 2011 at 11:06am. 490 Views, 2 Comments.
Just Sold! Short Sale in Boynton Beach!
Monday, December 13th, 2010 at 11:30am. 374 Views, 0 Comments.
The buyer of this charming Boynton Beach real estate
2 bedroom, 2 bath home of 1,292 square feet in Boynton Lakes got a
fabulous deal. Gloria listed this home as a short sale to sell in August
and an offer was accepted at the asking price of $115,000 after just 2
weeks! This adorable home is located on a quiet street on a cul-de-sac.
The 2 screened-in patios allow for 2 beautiful outdoor living spaces,
one just off the kitchen and living room and the other just off the
master bedroom. The 2 car garage, updated eat-in kitchen with pantry,
bahama shutters, plenty of storage space and great location near the
community pool, and clubhouse made this home that was priced right sell
quickly! The sellers bought this house in May 2006 for $254,000. As…SHORT SALE! JUST SOLD IN TIVOLI RESERVE!!!
Tuesday, November 16th, 2010 at 2:35pm. 355 Views, 0 Comments.
SHORT SALE JUST SOLD IN TIVOLI RESERVE!!!!
Gloria listed this fabulous 4 bedroom home in Tivoli Reserve in Boynton Beach on July 20th, 2010. Tivoli Reserve is a very popular active adult (55+) community in a great location of Boynton Beach. This was a short sale and it really moved fast. The lucky buyers got a great deal on a fabulous upgraded Roma model that featured a stunning gourmet kitchen, spacious master suite, and gorgeous back patio area with a tranquil pool and spa. The satisfied seller is very happy to have sold so quickly in this market. The seller purchased this home brand new from the developers in 2003 for $401,696. The new owners just paid $350,000. If you are interested in selling your house, and you are also underwater…JUST LISTED! SHORT SALE! ~2 BR VILLA IN BEST AREA~ A+ SCHOOLS
Friday, November 12th, 2010 at 10:46am. 322 Views, 0 Comments.
Terrific Short Sale Opportunity in Sierra Del Mar in Boca Raton! This prime Boca Raton Real Estate is located in A+ school district; Del Prado Elementary, Omni MS, and Spanish River HS. This private, 2 bedroom villa has a fenced in backyard patio, a spacious master bedroom with his/her closets and an updated kitchen that features maple wood cabinetry and a granite counter top. The spacious sunken living room has soaring cathedral ceilings and a custom mosaic fireplace as its focal point. The private backyard and patio has an in ground jacuzzi/spa and is surrounded by lush landscape and a fence. Just beyond the fence is a beautiful park and lake with walking/jogging trails. This Boca Raton home is close walking distance to worship, shops, and
…Just Sold in Courtside of Broken Sound Country Club ~ This was a Short Sale
Wednesday, June 23rd, 2010 at 11:31am. 637 Views, 0 Comments.
I just sold this gorgeous courtyard home in the Courtside subdivision of Broken Sound Country Club. For those of you who don't know the lingo, a Courtyard Home is one in which the swimming pool and patio are in the front of the house. You usually enter through the entrance doors into a courtyard and then the front door of the house is through the courtyard. Many courtyard homes in Boca Raton have detached guest houses as well.
This stunning home in Broken Sound Club has four bedrooms and four baths in the main house, in addition to a one bedroom suite guest houses. It has beautiful Brazilian wood floors throughout, and over 3400 square feet in total.
Broken Sound Club is an equity country club in a fabulous central Boca Raton location.
This was
…Short Sale Myth #1: Boca Raton Short Sales Do Not Get Approved
Thursday, May 13th, 2010 at 3:48pm. 478 Views, 1 Comments.
With short sales making up over twenty percent of all Boca Raton real estate listings, and over thirty percent of those listings under $400,000, it is time to answer some commonly held questions and misperceptions about short sales.
SHORT SALE MYTH #1: Short sales take 9-12 months and do not get approved.
This is the most difficult part of a short sale process for both buyers and sellers. The lenders are slammed with files and do not always respond promptly. And it is true that the lender will not look at a file without an executed purchase contract. However, I am finding that the process is becoming more streamlined and it is possible to get a response in a more timely manner. The average process is as follows: Once there is an executed contract
…Karen Rothstein's first Blog Post- About finding a good Boca Raton real estate deal
Thursday, April 22nd, 2010 at 11:09am. 599 Views, 0 Comments.
‘IF YOU CAN FIND ME A “GREAT DEAL” PLEASE LET ME KNOW…THAT’S WHAT I AM LOOKING FOR!”
This is probably the most frequent request I hear when working with a buyer looking for Boca Raton real estate. Of course I haven’t met anyone who has said, “price doesn’t matter”. The truth of the matter is really quite simple. It’s all inventory whether it is a Boca Raton short sale, Boca Raton Foreclosure or a regular deal (an arm's length transaction between a motivated buyer and seller). What is different about each one of those sales is the process that you undertake to purchase the home.
Yes, it is important to know the difference between a short sale and a foreclosure because since the process is different, a short sale or foreclosure may not be a viable
…The Boca Raton Real Estate Market continues to be a strong Buyer's Market
Tuesday, March 23rd, 2010 at 2:04pm. 350 Views, 0 Comments.
I have been spending some time examining the Boca Raton real estate market and the underlying statistics of what is happening in our area. I think it's important to discuss the market in terms of price bands, as we have a wide range of inventory and price ranges in our local market. As an example, I have analyzed the current situation for single family homes in Boca Raton, in various price ranges. Check out this chart below:
What is most interesting to me is that the number of months of inventory for homes priced between $750,000 and $999,999 is a whopping 92 months! Only two homes in this price range sold in February 2010 out of 193 listings! Not that it's so great for homes over a million, but they are actually faring better, with 45 months supply.
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