Palm Coast, Florida - Flagler County is situated in the eastern portion of Flagler County, which is located on the Atlantic Ocean, in the heart of Northeast Florida, equidistant between the cities of Jacksonville and Orlando. Currently, the City of Palm Coast has a population of approximately 70,000 residents and covers an area of approximately 60 square miles.
Ranked as the fastest growing city in the nation for the last 5 years, it is one of the most desirable places in the southeast to retire, own a vacation home or open a business.
Flagler Beach, Florida - Flagler County is a quaint "Old Florida" type community that is becoming one of the "hot" destinations in Florida and is part of the growing Palm Coast Area, a twenty-mile stretch of scenic coastline that is a true haven for the active individual. Visitors, as well as those looking to relocate, are discovering the area's advantages; close proximity to resort and culture centers, tranquil waterways, subtropical forests and freshwater lakes, first class golf and amenities, yet far removed from the stress and fast pace of other, larger cities.
The Hammock, Florida - is a fast growing area of Flagler County that has seen much of its changes in just the last five years. Beautifully landscaped gated developments now dot the uncrowded cinnamon colored beaches. The Hammock offers resort style living at its best, featuring the communities of Hammock Dunes, Hammock Beach Condos, Yacht Harbor Marina, Cinnamon Beach & Ocean Hammock. Tastefully designed yet affordable, the Hammock has become the first choice destination for baby boomers, retirees and vacation home owners.
Hammock Dunes Homes & Hammock Dunes Condos - Exemplifying luxury oceanfront living, Hammock Dunes is renowned for its splendid choices in residences, outstanding amenities, and the private Equity Club. Among the many benefits of Club membership are access to two championship, award-winning and distinctive golf courses by two of the game's most respected designers, the masterful Rees Jones Creek Course and the legendary seaside Tom Fazio-designed Links course each with its own unique Clubhouse. Coupled with the stunning vistas of the Atlantic Ocean, the Hammock Dunes Club offers tennis and seaside croquet as well as casual and fine dining.
Ocean Hammock - is adorned by its 2.5 miles of unspoiled beachfront and its miles of nature trails in its unpretentious location just off of A1A. Ocean Hammock is comprised of over 1,000 acres surrounded by over 300 acres of preserve and is the largest gated community in Palm Coast, Florida. Within Ocean Hammock are 11 neighborhoods that consist of nearly 800 single family homesites & homes and over 750 condo and villas.
Hammock Beach - Hammock Beach covers more than 1,000 acres and commands a pristine two-mile stretch of beach that is beautiful to look at as well as play golf alongside. Membership in The Club at Hammock Beach allows you to enjoy the fitness center and spa, tennis courts, restaurants and the multi-million-dollar swim pavilion along with a full host of amenities that offer the finest of coastal living.
Tidelands - Surrounded by water on three sides, Tidelands on the Intracoastal was designed to reflect the draw of the tides-to pull people together to enjoy a life built around the water. Tidelands offers boating and wildlife enthusiasts preserved wetlands, nature trails, and approximately 11 acres of interconnected lakes and lagoons ideal for kayaking, canoeing and neighborhood gatherings. Residents enjoy nearly a mile of Intracoastal Waterway frontage and a lifestyle enhanced with resort amenities
Grand Haven - A premier residential golf community. Located on more than 1,478 acres along the Intracoastal Waterway in Palm Coast, Grand Haven offers an array of fine amenities: a Jack Nicklaus Signature golf course, a world-class country club, a gated community with large homesites and award-winning builders. This master-planned community is comprised of intimate villages linked by winding trails and tree-lined streets. Bike paths, parks and an adjacent 4,000-acre nature preserve highlight the community's natural beauty, making outdoor activities a way of life.
Grand Landings - A gated master planned community designed around the natural beauty of coastal Florida. Neighborhoods have been carefully planned to blend with the environment. Within Grand Landings, you'll find a rich assortment of amenities connected by walking trails, sidewalks and community parks. Elegance and casual living are a way of life here - in a place as active or as laid-back as you care to make it. Homes from the area's best builders are offered in a variety of styles and floor plans to fit any lifestyle.
Palm Coast Plantation - the east by the Atlantic Intracoastal Waterway and on the west by a 4,000-acre state-owned wildlife preserve, Palm Coast Plantation is the perfect community for those who not only love nature but seek an active coastal lifestyle. Lot sizes range from one-quarter to one-half acre. Lot owners are permitted to choose their own builder and can build at any time they want.
Flagler County Schools, a progressive school district on Florida's east coast and one of the top five fastest growing counties in the United States. "Raising Student Achievement Everyday, Everyway" is the primary goal. Committed to providing each and every student with the finest education. Education for a changing world to approximately 12,650 Pre-K-12 students.
Daytona Beach Community College -more than 33,000 students a year in Volusia and Flagler Counties.The school offers more than 100 associate degree and certificate programs, including a bachelors degree in supervision and management introduced in 2006.The college has satellite campuses in DeLand, Deltona, New Smyrna Beach and Palm Coast. The high-tech trade school, Advanced Technology College in Daytona Beach, is part of DBCC.
Flagler College -One of the most historic campuses in the nation, Flagler College also offers all the state-of-the-art facilities of a high-quality, forward-thinking college and enjoy access to well-maintained computer labs, wired residence halls, an 800-seat auditorium, the technologically-advanced Proctor Library, a 19-acre athletic field, and more. The College has invested more than $20 million in recent additions to the campus-with the very latest project being the construction of a brand new Student Center.Are you ready to start your search for your future home??
Featuring everything from bank-owned foreclosed homes under $100K up to luxurious Oceanfront Homes and Condominiums...you will find everything you need when searching for Palm Coast & Flagler County Florida real estate all in one place.
Kristi Ross - REALTOR - With over 14 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 8 years and also a Licensed Colorado Broker....I have learned that information is power and I am an advocate for customer empowerment. Let my expertise with data analysis, information technology, proven negotiating strategies and a portfolio of hundreds of satisfied customers and closed real estate transactions benefit you when buying or selling real estate is Palm Coast & Flagler County, FL. I am also, sometimes unfortunately during these tough times, very seasoned and experienced with bank owned foreclosures and short sales….if you are looking for a REALTOR to handle your most important transactions….contact me today….@ PalmCoastMLS@gmail.com
Martin Collins – REALTOR – Florida Licensed in Real Estate since 2003 and over $40 Million in sales covering full range of properties, including: Short Sales, Commercial Property, High End Gated Communities, Vacant Land, Water Front Properties, Golf Communities, Rental Properties I have developed a broad customer base in both the U.S. and Internationally. My goal is to assist both buyers and sellers achieve their ideal goals in today’s diverse real estate market. For professional service and real estate representation with integrity…contact me today @ PalmCoastMLS@gmail.com
|
ACTIVE FOR SALE |
Palm Coast ALL |
Indian Trails |
Lehigh Woods |
Pine Lakes |
|
# of Listings |
953 |
91 (9.5%) |
126 (13.2%) |
93 (9.53%) |
|
Low Price |
$69,900 |
$90,000 |
$84,900 |
$79,000 |
|
Average Price |
$251,267 |
$192,236 |
$166,638 |
$199,626 |
|
Median Price |
$190,000 |
$180,000 |
$159,900 |
$185,000 |
|
High Price |
$1,495,000 |
$561,000 |
$351,000 |
$449,900
|
|
# Bank Owned |
27 |
1 |
4 |
0 |
|
% Bank Owned |
2.8% |
1.0% |
4.9% |
0% |
|
# Short Sales |
324 |
33 |
64 |
25 |
|
% Short Sales |
34% |
36.2% |
50.7% |
26.8% |
|
SOLD Homes Data |
Palm Coast ALL |
Indian Trails |
Lehigh Woods |
Pine Lakes |
|
# of Listings |
124 |
20 (16.1%) |
23 (18.5%) |
11(8.9%) |
|
Low Price |
$47,500 |
$81,000 |
$84,900 |
$79,000 |
|
Average Price |
$157,327 |
$146,889 |
$124,583 |
$135,036 |
|
Median Price |
$129,450 |
$132,500 |
$125,000 |
$120,000 |
|
High Price |
$725,000 |
$265,000 |
$178,000 |
$300,000
|
|
# Bank Owned |
24 |
5 |
6 |
4 |
|
% Bank Owned |
19.3% |
25% |
26% |
36.3% |
|
# Short Sales |
49 |
3 |
13 |
4 |
|
% Short Sales |
39.51% |
15% |
56.5% |
36.3% |
| Address | StreetName | Price | Beds | Baths | LivingSqFt | Pool | Type of Sale | PPer Sq Ft |
| 13 | RIVERSIDE LN | $ 170,000 | 5 | 4 | 3920 | No | Lender Owned | $ 43.37 |
| 31 | REGENT LANE | $ 135,000 | 4 | 2 | 3000 | No | Short Sale | $ 45.00 |
| 29 | RIVIERA ESTATES DR | $ 136,500 | 4 | 3 | 2601 | No | Short Sale | $ 52.48 |
| 36 | ROXTON LANE | $ 120,000 | 4 | 2 | 2245 | No | Short Sale | $ 53.45 |
| 83 | PHEASANT DR | $ 120,000 | 4 | 3 | 2127 | No | Short Sale | $ 56.42 |
| 91 | ROXBORO DR | $ 135,000 | 4 | 3 | 2378 | No | Short Sale | $ 56.77 |
| 78 | RALEIGH DRIVE | $ 106,000 | 3 | 2 | 1843 | No | Lender Owned | $ 57.51 |
| 27 | RIPPLEWOOD LN | $ 120,000 | 3 | 2 | 2018 | No | Short Sale | $ 59.46 |
| 12 | RED MILL DRIVE | $ 110,000 | 3 | 2 | 1806 | No | Short Sale | $ 60.91 |
| 46 | RADFORD LN | $ 140,000 | 4 | 3 | 2292 | No | Short Sale | $ 61.08 |
| 43 | ROLLING SANDS DR | $ 103,000 | 3 | 2 | 1650 | No | Lender Owned | $ 62.42 |
| 27 | RICHMOND DRIVE | $ 125,000 | 3 | 2 | 1952 | No | Short Sale | $ 64.04 |
| 3 | RIVIERE LN | $ 129,900 | 3 | 2 | 2026 | No | None | $ 64.12 |
| 41 | ROBINSON DR | $ 135,000 | 4 | 2 | 2096 | No | Lender Owned | $ 64.41 |
| 40 | RYAN DR | $ 125,000 | 4 | 2 | 1890 | No | Short Sale | $ 66.14 |
| 25 | RYECROFT LN | $ 87,100 | 3 | 2 | 1264 | No | Lender Owned | $ 68.91 |
| 15 | RAINTREE PLACE | $ 125,000 | 3 | 2 | 1800 | No | Short Sale | $ 69.44 |
| 1 | ROYALE LANE | $ 100,000 | 2 | 2 | 1411 | No | Short Sale | $ 70.87 |
| 8 | RYKER LN | $ 84,900 | 3 | 2 | 1170 | No | Lender Owned | $ 72.56 |
| 18 | RIPPLING PL | $ 125,000 | 4 | 2 | 1715 | No | None | $ 72.89 |
| 14 | RENMONT PL | $ 95,000 | 3 | 2 | 1206 | No | Short Sale | $ 78.77 |
| 14 | ROBIN HOOD LN | $ 178,000 | 4 | 2 | 2074 | Yes | None | $ 85.82 |
| 39 | ROUND THORN DR | $ 160,000 | 4 | 2 | 1844 | No | None | $ 86.77 |
| Address | Price | Beds | Baths | LivingSqFt | Pool | Type of Sale | Year Built | PPerSqFt |
| 32 BEAVERDAM LN | $ 95,000.00 | 4 | 2 | 2031 | No | Lender Owned | 1986 | $ 46.77 |
| 141 BEECHWOOD LANE | $ 121,380.00 | 3 | 2 | 2137 | No | 1977 | $ 56.80 | |
| 98 BEECHWOOD LN | $ 95,000.00 | 3 | 2 | 1632 | No | 1983 | $ 58.21 | |
| 40 BURNING SANDS LN | $ 170,000.00 | 4 | 2 | 2900 | No | Lender Owned | 2005 | $ 58.62 |
| 80 BRESSLER LN | $ 125,000.00 | 4 | 2 | 2115 | No | Short Sale | 2006 | $ 59.10 |
| 30 BEACHWAY DRIVE | $ 130,100.00 | 3 | 2 | 2100 | Yes | Short Sale | 1987 | $ 61.95 |
| 58 BANNERWOOD LANE | $ 154,000.00 | 3 | 3 | 2435 | No | Lender Owned | 2006 | $ 63.24 |
| 65 BURNELL DR | $ 81,000.00 | 3 | 2 | 1246 | No | Lender Owned | 2001 | $ 65.01 |
| 8 BRACKEN LN | $ 90,000.00 | 3 | 2 | 1376 | No | 1984 | $ 65.41 | |
| 3 BUTTERFIELD PL | $ 127,000.00 | 4 | 2 | 1861 | No | 2004 | $ 68.24 | |
| 12 BANNBURY LANE | $ 125,000.00 | 3 | 2 | 1774 | No | Short Sale | 2005 | $ 70.46 |
| 32 BRUNING LANE | $ 137,500.00 | 3 | 2 | 1830 | Yes | 1994 | $ 75.14 | |
| 16 BRIARVUE LN | $ 150,000.00 | 3 | 2 | 1921 | Yes | 1989 | $ 78.08 | |
| 35 BREN MAR LN | $ 134,900.00 | 3 | 2 | 1666 | No | 2004 | $ 80.97 | |
| 59 BROWNSTONE | $ 265,000.00 | 4 | 4 | 3104 | No | 2006 | $ 85.37 | |
| 16 BANNBURY LN | $ 200,000.00 | 3 | 2 | 2091 | No | Lender Owned | 2006 | $ 95.65 |
| 100 BELLEAIRE DR | $ 257,000.00 | 4 | 2 | 2447 | Yes | 2000 | $ 105.03 | |
| 25 BETH LN | $ 175,000.00 | 3 | 2 | 1646 | Yes | 2005 | $ 106.32 | |
| 21 BURREL PL | $ 185,000.00 | 3 | 2 | 1708 | Yes | 2003 | $ 108.31 | |
| 22 BRADMORE LN | $ 119,900.00 | 3 | 2 | 1080 | No | 2009 | $ 111.02 |
| Address | Price | Beds | Baths | LivingSqFt | Pool | Type of Sale | YearBuilt | PPerSqFt |
| 4 WEST PL | $ 103,501 | 3 | 2 | 1494 | Yes | Lender Owned | 1996 | $ 69.28 |
| 264 WELLINGTON DRIVE | $ 300,000 | 4 | 3 | 2618 | Yes | 2002 | $ 114.59 | |
| 24 WESTBRIAR LANE | $ 132,900 | 3 | 2 | 1890 | No | 1986 | $ 70.32 | |
| 46 WESTMINSTER DR | $ 100,000 | 3 | 2 | 2150 | No | Short Sale | 1987 | $ 46.51 |
| 56 WELLSTREAM LN | $ 125,000 | 4 | 2 | 2049 | No | Lender Owned | 2002 | $ 61.01 |
| 10 WHITE DEER LN | $ 132,000 | 5 | 2 | 2879 | No | Short Sale | 2006 | $ 45.85 |
| 8 WHITE HURST LN. | $ 120,000 | 4 | 2 | 2448 | No | Short Sale | 2006 | $ 49.02 |
| 8 WARNER PLACE | $ 111,000 | 3 | 2 | 1792 | No | Lender Owned | 1992 | $ 61.94 |
| 12 VILLAGE CIRCLE DR | $ 164,000 | 4 | 2 | 2086 | No | 1989 | $ 78.62 | |
| 133 WELLWOOD LANE | $ 118,000 | 3 | 2 | 1674 | No | Lender Owned | 2005 | $ 70.49 |
| 44 WELLWATER DRIVE | $ 79,000 | 3 | 2 | 1781 | No | Short Sale | 1980 | $ 44.36 |
Are you ready to start your search for your future home??
Featuring everything from bank-owned foreclosed homes under $100K up to luxurious Oceanfront Homes and Condominiums...you will find everything you need when searching for Palm Coast & Flagler County Florida real estate all in one place.
Kristi Ross - REALTOR - With over 14 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 8 years and also a Licensed Colorado Broker....I have learned that information is power and I am an advocate for customer empowerment. Let my expertise with data analysis, information technology, proven negotiating strategies and a portfolio of hundreds of satisfied customers and closed real estate transactions benefit you when buying or selling real estate is Palm Coast & Flagler County, FL. I am also, sometimes unfortunately during these tough times, very seasoned and experienced with bank owned foreclosures and short sales….if you are looking for a REALTOR to handle your most important transactions….contact me today….@ PalmCoastMLS@gmail.com
Martin Collins – REALTOR – Florida Licensed in Real Estate since 2003 and over $40 Million in sales covering full range of properties, including: Short Sales, Commercial Property, High End Gated Communities, Vacant Land, Water Front Properties, Golf Communities, Rental Properties I have developed a broad customer base in both the U.S. and Internationally. My goal is to assist both buyers and sellers achieve their ideal goals in today’s diverse real estate market. For professional service and real estate representation with integrity…contact me today @ PalmCoastMLS@gmail.com
*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed
WOW!!!! This gives new meaning to the phrase “A picture is worth a thousand words” . This is a pretty scary picture for anyone who owns a home in Palm Coast, FL. But, on the flip side….. it is a very pretty picture for buyers looking for their Florida Dream Home.
More good news for Palm Coast – Flagler County Real Estate buyers who waited to dip their toes back into the real estate market, according to an article just release by CNNMoney.com -
“Homes continue to be more affordable than they have been in nearly two decades.
The typical American family, making the nation's median income of $64,000 a year, could afford to buy 72.3% of all homes sold in the United States during the second quarter”
Are you ready to start your search for your future home??
Featuring everything from bank-owned foreclosed homes under $100K up to luxurious Oceanfront Homes and Condominiums...you will find everything you need when searching for Palm Coast & Flagler County Florida real estate all in one place.
Kristi Ross - REALTOR - With over 14 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 8 years and also a Licensed Colorado Broker....I have learned that information is power and I am an advocate for customer empowerment. Let my expertise with data analysis, information technology, proven negotiating strategies and a portfolio of hundreds of satisfied customers and closed real estate transactions benefit you when buying or selling real estate is Palm Coast & Flagler County, FL. I am also, sometimes unfortunately during these tough times, very seasoned and experienced with bank owned foreclosures and short sales….if you are looking for a REALTOR to handle your most important transactions….contact me today….@ PalmCoastMLS@gmail.com
Martin Collins – REALTOR – Florida Licensed in Real Estate since 2003 and over $40 Million in sales covering full range of properties, including: Short Sales, Commercial Property, High End Gated Communities, Vacant Land, Water Front Properties, Golf Communities, Rental Properties I have developed a broad customer base in both the U.S. and Internationally. My goal is to assist both buyers and sellers achieve their ideal goals in today’s diverse real estate market. For professional service and real estate representation with integrity…contact me today @ PalmCoastMLS@gmail.com
*Graph Courtesy of Zillow.com. This graph is based off data collected on the Palm Coast, Florida Market.
SOLD – # of Flagler County MLS listed homes per Year and Price Range
“Luxury” Home Prices – (Average SOLD prices for Gated Communities in Flagler County, Florida)
Although the volume of homes sold in Flagler County, Florida for 2009 is on track to match the increase in sales volume that we saw in 2008, prices are still falling in most areas. Sellers that sold in the first half of 2009 had to decrease their average Original List Price by 20% or more in all price ranges to find a buyer. The majority of homes sold in Flagler County in 2006 sold for between $200,000 to $300,000. In 2009 the majority of homes are now selling in the range of $100,000 to $200,000. To make matters worse, the “Luxury Home” owners can’t seem to get a buyer at any price. The volume of homes sold over $500,000 has decreased 79% in just 2 years, and only 1 home over $1,000,000 has sold this year. While during the same period, the volume of homes listed over $500,000 has more than DOUBLED.
It’s clearly still a STRONG BUYER’S MARKET for Luxury Homes, especially for CASH BUYERS.
A rebound in prices for Luxury Homes is unlikely until there are more affordable loans available to buyers. The FHA loan limit in Flagler County is currently only $287,500, one of the lowest FHA limits in Florida. (FL limits are currently between $271,500 and $531,250 in FL) Anything above this is considered a Jumbo loan. Even if you are a Luxury Home buyer fortunate enough to find a Jumbo loan, you can currently expect to pay about 2% more per year in interest over a conventional loan. That’s over $10,000 MORE in interest payments PER YEAR on a $500,000 loan! Its no wonder why most Luxury Home buyers are still sitting on the sidelines.
Kristi Ross - REALTOR - With over 13 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for over 7 years ....I have learned that information is power and I am an advocate for customer empowerment.
Please feel free to search the MLS for free at my website www.Palm-Coast-Hot-Properties.com. You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.
* all data was collected from the Flagler County MLS.
From the Team of Martin Collins & Kristi L Ross PA
Why is it important to know about Short Sales in the Palm Coast, Fl Real Estate Market?
- 52% off all Palm Coast Homes under $200K are short sales
- 67% off all Palm Coast Homes under $150K are short sales
- 83% off all Palm Coast Homes under $100K are short sales
Based on the above data, it is clear that you will likely encounter a short sale listed property in your search for a Palm Coast, FL home. Short sales can be a great way to find your ideal home in Palm Coast and the more prepared you are, the less stressful and enjoyable the process will be.
Thinking of Making an Offer on a Short Sale? What You Need to Know
Are you looking to buy a new home? Are you thinking that now's a great time to find bargains? That's true, but it pays to know a little about the seller's situation before you make an offer.
If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. Many more home owners are finding themselves in this situation due to a number of factors, including job losses, aggressive borrowing against their home in the days of easy credit, and declining home values in a slower real estate market.
A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure. But a short sale holds many potential pitfalls for buyers. Know the risks before you pursue a short-sale purchase.
You're a good candidate for a short-sale purchase if:
· You're very patient. Even after you come to agreement with the seller to buy a short-sale property, the seller’s lender (or lenders, if there is more than one mortgage) has to approve the sale before you can close. When there is only one mortgage, short-sale experts say lender approval typically takes about two months. If there is more than one mortgage with different lenders, it can take four months or longer for the lenders to approve the sale.
· Your financing is in order. Lenders like cash offers. But even if you can’t pay all cash for a short-sale property, it’s important to show you are well qualified and your financing is set. If you're preapproved, have a large down payment, and can close at any time, your offer will be viewed more favorably than that of a buyer whose financing is less secure.
· You don’t have any contingencies. If you have a home to sell before you can close on the purchase of the short-sale property—or you need to be in your new home by a certain time—a short sale may not be for you. Lenders like no-contingency offers and flexible closing terms.
If you're serious about purchasing a short-sale property, it's important for you to have expert assistance. Here are some people you want to work with:
· Experienced real estate attorney. Only about two out of five short sales are approved by lenders. But a good real estate attorney who's knowledgeable about the short-sale process will increase your chances getting an approved contract. Also, if you want any provisions or very specialized language written into the purchase contract, a real estate attorney is essential throughout the negotiation.
· A qualified real estate professional.* You may have a close friend or relative in real estate, but if that person doesn’t know anything about short sales, working with him or her may hurt your chances of a successful closing. Interview a few practitioners and ask them how many buyers they've represented in a short sale and, of those, how many have successfully closed. A qualified real estate professional will be able to show you short-sale homes, help negotiate the purchase when you find the property you want to buy, and smooth communications with the lender. (All MLSs permit, and some now require, special notations to indicate that a listing is a short sale. There also are certain phrases you can watch for, such as “lender approval required.”)
· Title officer. It’s a good idea to have a title officer do an initial title search on a short-sale property to see all the liens attached to the property. If there are multiple lien holders (e.g., second or third mortgage or lines of credit, real estate tax lien, mechanic’s lien, homeowners association lien, etc.), it's much tougher to get that short sale contract to the closing table. Any of the lien holders could put a kink in the process even after you’ve waited for months for lender approval. If you don’t know a title officer, your real estate attorney or real estate professional should be able to recommend a few.
Some of the other risks faced by buyers of short-sale properties include:
· Potential for rejection. Lenders want to minimize their losses as much as possible. If you make an offer tremendously lower than the fair market value of the home, chances are that your offer will be rejected and you’ll have wasted months. Or the lender could make a counteroffer, which will lengthen the process.
· Bad terms. Even when a lender approves a short sale, it could require that the sellers sign a promissory note to repay the deficient amount of the loan, which may not be acceptable to some financially desperate sellers. In that case, the sellers may refuse to go through with the short sale. Lenders also can change any of the terms of the contract that you’ve already negotiated, which may not be agreeable to you.
· No repairs or repair credits. You will most likely be asked to take the property “as is.” Lenders are already taking a loss on the property and may not agree to requests for repair credits.
The risks of a short sale are considerable. But if you have the time, patience, and iron will to see it through, a short sale can be a win-win for you and the sellers.
Are you ready to start your search for your future home??
Featuring everything from bank-owned foreclosed homes under $100K up to luxurious Oceanfront Homes and Condominiums...you will find everything you need in one place.
Kristi Ross - REALTOR - With over 14 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 8years ....I have learned that information is power and I am an advocate for customer empowerment. Let my expertise with data analysis, information technology, proven negotiating strategies and a portfolio of hundreds of satisfied customers and closed real estate transactions benefit you when buying or selling real estate is Palm Coast & Flagler County, FL. I am also, sometimes unfortunately during these tough times, very seasoned and experienced with bank owned foreclosures and short sales….if you are looking for a REALTOR to handle your most important transactions….contact me today….@ PalmCoastMLS@gmail.com
Martin Collins – REALTOR – Florida Licensed in Real Estate since 2003 and over $40 Million in sales covering full range of properties, including: Short Sales, Commercial Property, High End Gated Communities, Vacant Land, Water Front Properties, Golf Communities, Rental Properties I have developed a broad customer base in both the U.S. and Internationally. My goal is to assist both buyers and sellers achieve their ideal goals in today’s diverse real estate market. For professional service and real estate representation with integrity…contact me today @ PalmCoastMLS@gmail.com
You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.
* Not all real estate practitioners are REALTORS®. A REALTOR® is a member of the NATIONAL ASSOCIATION OF REALTORS® and is bound by NAR’s strict code of ethics.
Note: This article provides general information only. Information is not provided as advice for a specific matter. Laws vary from state to state. For advice on a specific matter, consult your attorney or CPA.
"Copyright National Association of REALTORS®, Reprinted from REALTOR.org with permission."
 |
|
|
Florida Licensed REALTORS specializing in Short Sales, Bank Owned Homes & Waterfront Properties - Oceanside, Intracoastal & Saltwater Canal from Marineland to Flagler Beach.
The recent tumbling of home prices in Palm Coast have created an excellent opportunity for those who are wise. Some amazing buys are popping up daily in Palm Coast and Flagler County FL. It would be my pleasure to share those opportunities with you by weeding through all the worthless noise and finding those few gems instead of wasting time.
With over 24 years combined experience in acquiring, rehabbing, renting and marketing homes, plus being licensed REALTORS in the state of Florida, The results oriented team of Martin Collins & Kristi Ross have learned what works with regards to real estate buying and selling, and what doesn't.
Kristi Ross - Palm Coast, FL REALTOR
With over 14 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 8 years and also a Licensed Colorado Broker....I have learned that information is power and I am an advocate for customer empowerment.
Let my expertise with data analysis, information technology, proven negotiating strategies and a portfolio of hundreds of satisfied customers and closed real estate transactions benefit you when buying or selling real estate is Palm Coast & Flagler County, FL. I am also, sometimes unfortunately during these tough times, very seasoned and experienced with bank owned foreclosures and short sales….if you are looking for a REALTOR to handle your most important transactions….contact me today….@ PalmCoastMLS@gmail.com
If you are planning a trip to Florida this year, we highly recommend you stop by Palm Coast and check out the tremendous value you can get on a home, condo, duplex or building lot. Please take time to check out our HOT PROPERTIES list.
If you would like more information about Palm Coast/Flagler County, FL real estate opportunities; feel free to contact us by email or phone 386-931-5822.
We know the Palm Coast - Flagler County Florida Real Estate market like our life depended on it...because it does.
Palm Coast, Florida - Flagler County is situated in the eastern portion of Flagler County, which is located on the Atlantic Ocean, in the heart of Northeast Florida, equidistant between the cities of Jacksonville and Orlando. Currently, the City of Palm Coast has a population of approximately 70,000 residents and covers an area of approximately 60 square miles. Ranked as the fastest growing city in the nation for the last 5 years, it is one of the most desirable places in the southeast to retire, own a vacation home or open a business. Flagler Beach, Florida - Flagler County is a quaint "Old Florida" type community that is becoming one of the "hot" destinations in Florida and is part of the growing Palm Coast Area, a twenty-mile stretch of scenic coastline that is a true haven for the active individual. Visitors, as well as those looking to relocate, are discovering the area's advantages; close proximity to resort and culture centers, tranquil waterways, subtropical forests and freshwater lakes, first class golf and amenities, yet far removed from the stress and fast pace of other, larger cities. The Hammock, Florida - is a fast growing area of Flagler County that has seen much of its changes in just the last five years. Beautifully landscaped gated developments now dot the uncrowded cinnamon colored beaches. The Hammock offers resort style living at its best, featuring the communities of Hammock Dunes, Hammock Beach Condos, Yacht Harbor Marina, Cinnamon Beach & Ocean Hammock. Tastefully designed yet affordable, the Hammock has become the first choice destination for baby boomers, retirees and vacation home owners. Hammock Dunes Homes & Hammock Dunes Condos - Exemplifying luxury oceanfront living, Hammock Dunes is renowned for its splendid choices in residences, outstanding amenities, and the private Equity Club. Among the many benefits of Club membership are access to two championship, award-winning and distinctive golf courses by two of the game's most respected designers, the masterful Rees Jones Creek Course and the legendary seaside Tom Fazio-designed Links course each with its own unique Clubhouse. Coupled with the stunning vistas of the Atlantic Ocean, the Hammock Dunes Club offers tennis and seaside croquet as well as casual and fine dining. Ocean Hammock - is adorned by its 2.5 miles of unspoiled beachfront and its miles of nature trails in its unpretentious location just off of A1A. Ocean Hammock is comprised of over 1,000 acres surrounded by over 300 acres of preserve and is the largest gated community in Palm Coast, Florida. Within Ocean Hammock are 11 neighborhoods that consist of nearly 800 single family homesites & homes and over 750 condo and villas. Hammock Beach - Hammock Beach covers more than 1,000 acres and commands a pristine two-mile stretch of beach that is beautiful to look at as well as play golf alongside. Membership in The Club at Hammock Beach allows you to enjoy the fitness center and spa, tennis courts, restaurants and the multi-million-dollar swim pavilion along with a full host of amenities that offer the finest of coastal living. Tidelands - Surrounded by water on three sides, Tidelands on the Intracoastal was designed to reflect the draw of the tides-to pull people together to enjoy a life built around the water. Tidelands offers boating and wildlife enthusiasts preserved wetlands, nature trails, and approximately 11 acres of interconnected lakes and lagoons ideal for kayaking, canoeing and neighborhood gatherings. Residents enjoy nearly a mile of Intracoastal Waterway frontage and a lifestyle enhanced with resort amenities Grand Haven - A premier residential golf community. Located on more than 1,478 acres along the Intracoastal Waterway in Palm Coast, Grand Haven offers an array of fine amenities: a Jack Nicklaus Signature golf course, a world-class country club, a gated community with large homesites and award-winning builders. This master-planned community is comprised of intimate villages linked by winding trails and tree-lined streets. Bike paths, parks and an adjacent 4,000-acre nature preserve highlight the community's natural beauty, making outdoor activities a way of life. Grand Landings - A gated master planned community designed around the natural beauty of coastal Florida. Neighborhoods have been carefully planned to blend with the environment. Within Grand Landings, you'll find a rich assortment of amenities connected by walking trails, sidewalks and community parks. Elegance and casual living are a way of life here - in a place as active or as laid-back as you care to make it. Homes from the area's best builders are offered in a variety of styles and floor plans to fit any lifestyle. Palm Coast Plantation - the east by the Atlantic Intracoastal Waterway and on the west by a 4,000-acre state-owned wildlife preserve, Palm Coast Plantation is the perfect community for those who not only love nature but seek an active coastal lifestyle. Lot sizes range from one-quarter to one-half acre. Lot owners are permitted to choose their own builder and can build at any time they want. Flagler County Schools, a progressive school district on Florida's east coast and one of the top five fastest growing counties in the United States. "Raising Student Achievement Everyday, Everyway" is the primary goal. Committed to providing each and every student with the finest education. Education for a changing world to approximately 12,650 Pre-K-12 students. Daytona Beach Community College -more than 33,000 students a year in Volusia and Flagler Counties.The school offers more than 100 associate degree and certificate programs, including a bachelors degree in supervision and management introduced in 2006.The college has satellite campuses in DeLand, Deltona, New Smyrna Beach and Palm Coast. The high-tech trade school, Advanced Technology College in Daytona Beach, is part of DBCC.Palm Coast - Flagler County Coastal Living Guide
Featured Communities
LOCAL EDUCATION
Are you ready to start your search for your future home??
Featuring everything from bank-owned foreclosed homes under $100K up to luxurious Oceanfront Homes and Condominiums...you will find everything you need when searching for Palm Coast & Flagler County Florida real estate all in one place.
Kristi Ross - REALTOR - With over 14 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 8 years and also a Licensed Colorado Broker....I have learned that information is power and I am an advocate for customer empowerment. Let my expertise with data analysis, information technology, proven negotiating strategies and a portfolio of hundreds of satisfied customers and closed real estate transactions benefit you when buying or selling real estate is Palm Coast & Flagler County, FL. I am also, sometimes unfortunately during these tough times, very seasoned and experienced with bank owned foreclosures and short sales….if you are looking for a REALTOR to handle your most important transactions….contact me today….@ PalmCoastMLS@gmail.com
Martin Collins – REALTOR – Florida Licensed in Real Estate since 2003 and over $40 Million in sales covering full range of properties, including: Short Sales, Commercial Property, High End Gated Communities, Vacant Land, Water Front Properties, Golf Communities, Rental Properties I have developed a broad customer base in both the U.S. and Internationally. My goal is to assist both buyers and sellers achieve their ideal goals in today’s diverse real estate market. For professional service and real estate representation with integrity…contact me today @ PalmCoastMLS@gmail.com
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
