About Winter Springs' Tuscawilla

The northern suburb of Winter Springs is known for excellent schools, proximity to major employment centers, convenience to the Greeneway (417) Tollway, and accessibility to the University of Central Florida.

Subdivisions like Parkstone, Avery Park, and the master-planned community of Tuscawilla rank high as good places to live.

Containing over 4,500 homes, Tuscawilla has the feel of an exclusive enclave comprised of distinct neighborhoods. Find all the most sought-after amenities, including biking trails, a nature trail, tennis courts, parks with playgrounds, basketball courts, soccer fields, and baseball fields. Also take advantage of the Tuscawilla Country Club, which includes an 18-hole golf course, pool, dining facilities, pro shops, and clubhouse. Club membership is not required but convenient.

Below find recent Short Sales in Winter Springs FL.

You may have heard that selling a house as a Short Sale is difficult. Short Sales aren’t difficult. They are tedious, time-consuming, frustrating, require a great deal of patience and enormous quantities of aspirin.

In the end, Short Sales are worth the headaches because they allow homeowners to avoid foreclosure, keep their credit from being destroyed, and move out and move on.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

What’s required to do a Short Sale? Homeowners put their house up for sale in the usual manner, wait for a qualified buyer just like any other home seller would, prepare additional paperwork, work with their real estate agent to obtain lender approval, face a few extra hurdles, wait a bit longer for the closing to take place, and finally move on.

What are the benefits of selling a house as a Short Sale?

• Substantially reducing or completely eliminating financial liability
• Minimizing credit damage
• Emerging from bad credit quicker than from foreclosure
• Taking care of the problem proactively and responsibly

Did you know that whenever you sell your house as a Short Sale, your lender is obligated to pay the commission owed for the services of your real estate agent?

These statistics should give you a feel for what’s happening in the luxury segment of the Orlando FL real estate market.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

Common concerns and doubts of all home sellers

• If the list price of my house is too high, no one will buy.
• If the list price is too low, I’ll lose money.
• Since this is a bad time to sell, I’m going to wait for the market to turn around.
• While I’m waiting, house prices could take another nosedive.
• If I try to sell again, I’ll waste more months of valuable time.
• If the house remains on the market too long, buyers will wonder what’s wrong with it.
• If I do sell, the market will rebound, and I’ll lose even more money.
• I may never be able to sell the house.
• I’ll probably have to put my plans on hold indefinitely.

Instead of being paralyzed by ‘what-ifs’, start believing that you can sell. All it takes is a fresh perspective and a renewed mindset.

These statistics should give you a feel for what’s happening in the luxury segment of the Orlando FL real estate market.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

A few tidbits of note ...

Homes listed above $500,000 often take longer to sell than properties priced at the lower end of the market. While many houses priced below $500,000 may take 6 or 7 months to sell, homes in upscale neighborhoods may take as much as 2 years to unload.

Keep in mind that some of these sales are for Short Sales or Foreclosed/Bank-Owned properties. Under these situations, the Sold Price may be considerably below the Original List Price. Sorry to say, ‘distressed’ sales drag down the values of all the other homes in the neighborhood, whether or not they’re Short Sales or Foreclosures. On the other hand ...

Steep discounts may NOT reflect a distressed situation. Just because a house sold for considerably less than original list price doesn’t necessarily mean it was a foreclosure or short sale property. Because luxury homes are often one-of-a-kind, it’s difficult to find comparable properties that will help in determining current market value. In the end, it’s a buyer — and not the seller — who determines the market value of a property.

What’s the long-term outlook for the Orlando FL real estate market? Prices have leveled off in recent months. Even so, due to rising unemployment and foreclosure/short sale saturation, it will probably take several years — perhaps as long as a decade or more — for home prices to completely recover.

What about homeowners who are having difficulty keeping up with mortgage payments but can’t sell because their house is worth less than the amount owed on their loan? There are several solutions, but the way a Realtor^® can help is by selling the house as a Short Sale.

Don’t lose your home to foreclosure. These smart homeowners didn’t. Instead, they put their home on the market as a Short Sale.

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

Because the payoff of a loan will be ‘shorted’ by a significant amount, the mortgage lender must approve a Short Sale. Handled properly, the likelihood of successfully selling your house as a Short Sale is high. Once the Short Sale is behind you, you can often get on with your life with hardly a backward glance.

A Short Sale is nothing more than putting your house up for sale in the usual manner, waiting for a qualified buyer just like any other home seller would, facing a few extra hurdles, filling out additional paperwork, waiting a bit longer for the closing to take place, and finally moving out and moving on.

Real benefits come with selling your house as a Short Sale. Among them are: 1) substantially reducing or completely eliminating financial liability, 2) minimizing damage to your credit rating, 3) emerging from bad credit quicker than you would with a foreclosure, and 4) having a sense of satisfaction that you’re taking care of the problem proactively and responsibly.