What You Must Know If You Are Planning to Buy A Home Now

55% of Florida home sales in September were REO (real estate owned) and short sales according to Lender Processing Services (LPS). As a home buyer, the Daytona Beach condos and homes you will be searching for and seeing will be in financial distress over 50% of the time.

There is even a greater chance that the home or condo you make an offer on will be in foreclosure or a short sale because this is where the best prices will be found. That means to be well prepared, you need to know more about Daytona Beach short sales and foreclosures. More information can be found on our sites through the following links:

Daytona Beach REO Properties
Includes and explanation on REO properties and how you can benefit

Daytona Beach Shore Sales
This page will give you links to videos and other articles on short sales for both buyers and sellers.

There are different perspectives on short sales and foreclosures. An article from Public Radio -Home-selling’s short sale headaches gives a perspective from the sellers side of the problem, but also talks about making offers on short sales properties. It’s worth a read.

The gist of the article from our view is that if you are in the market to buy a home or condo, you need two things:

1. As much knowledge as you can get about the process,
2. Experienced guidance in selling or buying distressed properties.

Check around our site or search on REO, short sales, and distressed property through your favorite search engine to learn more. As far as guidance is concerned, please make sure you real estate agent has extensive actual experience in short sales and foreclosures. In this market, it is critical. In Daytona Beach, Ormond Beach, Port Orange, Palm Coast and the surrounding communities, I can help. I’ve closed over 22 deals this year and most of those have been short sales and foreclosures. I know the process, both from the listing and selling side. Call me with your questions at 386-566-7503.