What Is A Better Deal: A Short Sale Or A Foreclosure?

Call the Sarasota Suncoast Team at 941.894.4063 or visit our website at http://www.SarasotaSuncoastHomes.com

What Is A Better Deal: A Short Sale Or A Foreclosure? It all depends what you consider "a good deal". Is it value for your money or is a quick move-in date a factor? 

The Sarasota Suncoast Team has priced out thousands of homes for banks for short sales and foreclosures and found that short sales sometimes offer a better value. Here is why: The listing agent prices the home typically just at or below market in order to receive an offer. A buyer might find that home is priced like similar size homes in the neighborhood BUT has been beautifully updated. Often times these updated homes are sold at the same price as non-updated homes. What a great deal! On the flip side, a short sale can take up to 6 months from the time an offer has been made until finally closing on the home.

If time is an issue and a buyer needs to move into a home quickly, a short sale may be out of the question. This is when one might consider a bank foreclosure. Banks typically respond within a few days and accept, counter or reject the offer. They are unemotional and all they want to see what the payoff to them for that house is. Foreclosures are typically priced just below market to get them sold quickly. 

Now you wonder what might be out there? Now it is your turn to answer:  What Is A Better Deal: A Short Sale Or A Foreclosure? You can Search The MLS here or fill out the form below:

A buyer needs to keep in mind when buying a foreclosure or short sale that an inspection is even more important because the home may have been vacant for years and/or not maintained. Call the Sarasota Suncoast Team today at 941.894.4063 to help you find your dream home. Our specialists can help you through this sometimes emotional process. Visit our website at http://www.SarasotaSuncoastHomes.com