Wellington Florida Short Sales- Luxury Listing Short Sales Do Close!

Wellington Florida Short Sales- Luxury Listing Short Sales Do Close!

If you own a Wellington Florida Luxury home and have been wondering what your options other than foreclosure are; you may be able to do a short sale on your luxury property.

We just closed on a listing we had that was appraised for $2,400,000 just 3 years ago. This is one of our favorite listings because it sits right on the International Polo Fields and events. The views are outstanding during Polo season where you can host great parties overlooking the Polo games.

There were two loans on this property. The seller listed this property with many different agents that 'know' all the Polo players and those in that line of work and obviously his thinking was that these agents would be able to sell his home. He even listed this property with my best friend because of who she is married to but even that notoriety did not sell his home. Nestor kept in touch with him for 3 years. But the seller had promised it to this agent and that agent before he met with us. We were like 4th in the line of who he promised his listing to. Finally he listed his house with us through an expired mailing program where Nestor just stayed in front of his face on a regular basis. When it came time to really need someone to negotiate a short sale for him- he listed with us as the other agents who promote this type of listing are not into doing short sales.

We listed the house for $1,795,000 and reduced it to $1,495,000 when we started to get offers. The final reduction was down to $995,000. We had some crappy offers and then about 3 good offers. The seller chose the offer that he liked the best and that he felt most comfortable with.

Both short sale lenders were quick to respond and easy to work with. It took less than 60 days to get acceptance letters from the short sale lenders and we got an offer through at $740,000. This is one smart buyer! The land itself is worth $695,000! We have lots listed for near the same price in this exact neighborhood.

Another successful Short Sale closing!

FTC Disclaimer: Not all short sales close successfully. Not all luxury home markets have success in closing short sales. There are no guarantees that your short sale will be approved by your lender. This post is to be considered marketing for the purpose of obtaining listings. The information within is for informational purposes only.

To view Florida Short Sales- Click here. We know Palm Beach County Short Sales and Port St Lucie Florida Short Sales and will help you get your home Sold if you need to Sell your home and help you buy your home in Palm Beach County Florida : Call us today.

Wellington Florida Short Sales- Luxury Listing Short Sales Do Close! Copyright © 2009 by Katerina Gasset* all rights reserved*