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Lynn Pineda-Coral Springs REALTOR, Short Sale Specialist

Buy Foreclosures and Short Sales in Coral Springs Florida and South Florida

What are you waiting for? Who can benefit from the supply of homes available for sale as a foreclosure or short sale?

  • First time home buyers - wouldn't you feel great knowing that your first home was bought at a great price? You've always rented and paid your rent on time why not receive the benefits of home ownership and jump in while the price is right.
  • Expanding families - have you simply outgrown your current home and have been wanting to move yet the home prices of the prior years have simply been more than you can afford? Homes are now affordable.
  • Empty nester's- or maybe it's the reverse for you as all the kids have grown and moved out and now it's just the two of you with all that unneeded space and too much to care for now. Break away to easier living suited to your new lifestyle. Couldn't have picked a better time to buy a new home for yourselves.
  • Investors - you've been told time and time again that Real Estate is a fabulous long term investment and just haven't been able to afford a 2nd property until now. Buy now at these incredible market prices.

So why Buy Foreclosures and Short Sales?

  • They are going to be priced at or below the true fair market value. You will not have an owners unrealistic price attached to it as these homes must be sold as time is not on their side. This will allow you to gain quicker equity in your new home as you won't have purchased at market highs.
  • With your great deal in your new home purchase, you'll be saving a seller from a distressed situation that they are in with a short sale where all that they want to do is to sell their home to get on with their lives in hopes of better times ahead. So with your new home purchase you'll be creating joy with another family.

As I'm sure your well aware of from the news, foreclosures are at all time highs and the inventory for these homes is plentiful. So consider what it is that you're looking for in your new home, make a list of must haves, what would be nice but necessarily a must have and contact a Realtor who can help you find your foreclosure or short sale home for sale here in Coral Springs or the surrounding cities of South Florida. Act now and don't wait to see what happens. Investments don't work out when you try to time it and buying a home is an investment.

Enjoy the search and good luck!

Please follow this link for a great foreclosure opportunity here in Coral Springs:

http://www.postlets.com/res/287591

To learn more please feel free to contact me at info@MyShortSaleHome.com or call me at 954-464-1100

Eagle Trace Coral Springs Florida...a grand place to reside

Eagle Trace Luxury homes of Coral Springs Florida will make you glad you're home. The Tournament Players Club golf course and tennis community of Eagle Trace has been welcoming families to their beautiful custom homes for all of those who appreciate luxury in a small town setting. The guard gated community with exquisite landscaping and waterways let you enjoy the breathtaking views and home to many bird species. Plus, enjoy the vistas from the custom homes situated in view of the golf course.

You'll find the Eagle Trace Luxury home community is close to everything; fine shopping and dining, excellent Coral Springs school system and close to major expressways for commuting to and from work and airports.

Perhaps you're seeking the luxury of Eagle Trace yet don't want the upkeep of a custom home, Eagle Trace also offers lovely garden condominiums.

If you'd like to learn more about buying a home in Eagle Trace of Coral Springs Florida, please email me at lynnp@ImagineYourHouse.com or call me at 954-464-1100

Buy a Short Sale in Coral Springs Florida and South Florida

So you want to buy a short sale home, condo or townhouse in Coral Springs or the surrounding towns of Parkland, Margate, Tamarac, Sunrise or anywhere in South Florida for that matter...what is in store for you?

First and foremost, you should know that buying a property as a short sale is different from buying a "regular" property for sale. Okay, you realize this so what should you be looking for?

  1. Make sure that the Realtor assisting you knows about buying short sales so they are in a position to make sure that the Realtor selling a short sale knows how to sell a short sale. This will enable your transaction to go much smoother as your Realtor will know what questions to ask of the selling Realtor who is negotiating with the seller's lender. Plus, you want to make sure that you won't lose the opportunity to own this property because of someone messing up. This is Critical!
  2. Have great satisfaction in knowing that you have a very good chance of getting a great price for a great home. Why is this you may be asking and what does it all mean?

a. The reason the home is being sold as a Short Sale, meaning the seller's lender is willing to accept less than what is owed on the seller's mortgage, is that the seller and the seller's lender want to avoid a possible foreclosure. A short sale benefits the seller, the seller's lender and ultimately you as the buyer.

b. Properties that are listed to sell as a short sale are going to be priced close to their Fair Market Value or below. You're not dealing with sellers who have set an unrealistic, emotional price on their property because these sellers MUST SELL their property and they do not have time to wait and slowly reduce the price. They must sell their properties now to avoid foreclosure and they do not care what price their property sells for.

3. The seller's lender is the party that will be accepting your offer to buy the property. This time-line for acceptance will typically at a minimum take 30-60 plus days to complete the process to closing; meaning you as the buyer, must have patience to wait for your fantastic buying opportunity to finalize. But that's okay as long as you aware of this up front and you have the time. Remember the saying, "..good things take time..."

4. The seller will not have any dollars to contribute to any closing costs however, it is something that could be negotiated with the seller's lender to approve. Again, this takes you back to #1 and the importance of having a knowledgeable Realtor on the sellers side.

5. The property will be sold "As Is" and no repairs can be made to the property by the seller as the seller is financially distraught which is why they're having to sell their property in the first place.

6. You will need to acknowledge that you are aware of what to expect with buying a short sale.

7. You need to be Approved for a mortgage when the sales contract is submitted to the seller's lender for approval. So when you send an offer to the seller to buy their property, make sure you have been approved to purchase the home for the dollar amount that you are offering as the seller's lender will want to see this.

8. This will hopefully result in you being ecstatic in knowing that your new property was just closed on at a fantastic price. Now you sit back and wait for the Real Estate Market to turn around again, as it will, and you'll be sitting pretty with one of the best appreciating assets that you can own - Real Estate!

Learn more by emailing me at Info@MyShortSaleHome.com or call me at 954-464-1100

I owe more than what my home/condo is worth here in South Florida

This is a fact of life for many in South Florida in the towns of Coral Springs, Sunrise, Tamarac, Margate, Parkland and beyond. You as a homeowner are wondering how can I possibly get out of an upside down situation? There are ways...one of them being to sell your home-yes, sell your home. You ask, "How can I sell my home when it is worth less than what I owe?"

Consider selling your home as a Short Sale. A short sale is when you are approved by your lender to sell your home for less than the balance of your mortgage. For example, your home is worth $250,000 and you owe $350,000. You scratch your head and say to yourself, " So you tell me my lender will take $250,000 to satisfy my loan when I owe my lender $350,000? How can that be? That's amazing?" It's amazing, unfortunate and very common in today's South Florida real estate market. However, if you contact a Realtor who is knowledgeable in handling such situations, you may well be on your way to selling your home and getting into a home that you can now afford and receive some much needed peace of mind.

Learn more about the requirements of selling your home as a short sale by contacting me via email at Info@MyShortSaleHome or call me at 954-464-1100 and I'd be glad to consult with you.

Should I buy a home now?

ABSOLUTELY!!!! There are some fantastic home buying opportunities available within the area of declining market values. Don't wait for the market to be back in appreciating market values. There are likely many Pre-Foreclosure and Foreclosure Values right in the neighborhood that you've been considering to call home. These are called Values due to Lenders willing to accept less than the Fair Market Value; translation to you: true home values.

Call me at 954-464-1100 or email me at lynnp@ImagineYourHouse.com should you need some help in finding your home that is a true value!

"I'm Passionate about making it right for you!"