Short Sales 
There are currently 5 blog entries related to this category.
Just Sold in Courtside of Broken Sound Country Club ~ This was a Short Sale
Wednesday, June 23rd, 2010 at 10:31am. 203 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 a Boca…
Short Sale Myth #1: Boca Raton Short Sales Do Not Get Approved
Thursday, May 13th, 2010 at 2:48pm. 223 Views, 0 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 subject…
Karen Rothstein's first Blog Post- About finding a good Boca Raton real estate deal
Thursday, April 22nd, 2010 at 10:09am. 162 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 option…
The Boca Raton Real Estate Market continues to be a strong Buyer's Market
Tuesday, March 23rd, 2010 at 1:04pm. 161 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.…
Another Delray Beach Real Estate Short Sale closing by the Gloria Singer Group!
Wednesday, January 20th, 2010 at 7:09pm. 278 Views, 0 Comments.
Check out this baby just sold by Karen Rothstein!!
I am pleased to announce that Karen Rothstein, one of my buyer's specialists, has successfully closed on a short sale for her investor buyer.
The property is a single family five bedroom, three bath pool home in Tropic Palms in Delray Beach. It is a waterfront property with a beautiful view and dock with access to Lake Ida and Lake Eden.
The house closed for $279,000 in a short sale where the lender accepted a lower price in lieu of having to foreclose on the property. This house sold to the previous owner for $735,000 in December of 2005! It is a great property and our buyer was able to pick this house up for a great price!
I am proud to say that Karen Rothstein is a great Buyer's Agent, she works…
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