As usual a number of properties are coming on the market now that we are in the new year. Since IPRE had it’s best month writing business in December, I am not sure why people feel the need to wait until after the holidays to put their homes on the market. People buy homes in December!
Anyway, two town homes came on the market in a community called Villagio Del Mar in Hypoluxo in the past couple days. Both are situated on the intracoastal and have a view of the water. One is a short sale listed at $425,000 and one is not a short sale and listed at $685,000. Remarkably the one listed for $425,000 last sold in June 2007 for $1.19M. Short sale list prices are never guaranteed, but considering that the HOA fees are reasonable (approx. $400/mo.), this certainly seems like one to take a flyer on.
Many buyers and sellers have short sale nightmares. I have some dreadful stories myself. That should not deter us from getting back up off the mat and trying it again. Especially when it might mean a great deal is waiting on the other side. Put aside the frustration and keep the end goal in mind. Years from now you will have a great story to tell while entertaining in you gorgeous home that you got for a really great price.
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