Posted by Mark Washburn on Monday, July 26, 2010 at 8:41 AM By Mark Washburn / July 26, 2010 Comment
I just read an article in the New York Times titled The Roller-Coaster Ride Called a Short Sale with great fascination. It seems the post-bubble real estate challenges that we have been dealing with here in SW Florida for several years are now a reality in Manhattan as well. I don't know about you, but it sure is hard for me to visualize many market parallels between the likes of Gator Circle or Gateway and Greenwich Village or Gramercy Park. The reality of the matter is that here in Southwest Florida short sales have become "the norm" and a growing number of the real estate practitioners in the area have become very proficient at closing short sale transactions. While only a hunch, I would bet that we lead the nation in the percentage of real estate practitioners who have successfully closed a short sale transaction. Our regions success with mainstreaming short sales is good news for both buyers and sellers. Sellers have hope for avoiding foreclosure and getting out from under a financially challenging ownership situation. Buyers benefit from our current abundant inventory of short sale listings, many of which are priced at a discount to non-distressed properties. Here is a resource for buyers to view active Fort Myers short sale listings.
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