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Teri Arbogast, PA

NSU Student Housing

I've been busy selling Davie real estate to the herds of students looking for housing near Nova Southeastern University. It is a great time to be selling condos near the NSU campus in Davie. Many of the student's parents pay cash or get conventional type loans, which opens up the doors to many condo options. Because they need the housing in a month or two, they are not interested in short sales...what a relief!

short sales in davie, florida

I currently have 5 short sale listings in Davie, FL. All have received one or more offers in the past 2 weeks. This looks like a sign to me that the trends are changing. Buyers are starting to jump on the low prices and interest rates. The offer were all realistic, not ridiculously low like I was getting on other short sales over the past year. Lenders are still taking 60-90 days for processing but it seems like they may be getting a little more organized (or maybe we realtors are getting better at submitting complete packages!)

Anyway, I am hopeful that maybe things are starting to slowly shift for us with the short sale inventory and maybe someday in the future we can get back to the business of selling homes instead of processing paperwork.