Short Sale – Just One of Your Options

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September 30, 2010
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Short Sale – Just One of Your Options

House Burden

Jacksonville, Florida is not unlike many areas when it comes to short sales.  Short sales in the Jacksonville area have seemingly become the norm.  I say “seemingly” because the fact is that only a little less than 1 in 4 currently active listings in the Jacksonville area is listed as a short sale… one in four is still a lot, though, and if you are one of those who is faced with trying to sell your house for less than you owe on it then you probably have more questions than answers.

Our goal is to help you find the answers and to make the short sale

process a little less uncomfortable for you.

As of this morning, we found 3,419 homes listed as short sales and/or pre-foreclosure sales in the greater Jacksonville real estate market (this includes single family homes and condominiums).  With a total of 14, 560 listings, that means that about 23.5% of all homes listed for sale in Jacksonville are short sales.

An additional 1,184 properties are listed as Jacksonville foreclosures… and predictions are that the number of foreclosures in Jacksonville is going to continue to increase over the coming year.  As we all know, foreclosures tend to bring market prices down across the board which means more and more sellers in Jacksonville will be looking at a short sale in order to get their homes sold.

In other words, short sales aren’t going away in Jacksonville anytime soon.

Unfortunately, even with all the press given to the current real estate market and to short sales in Jacksonville we are finding that sellers in the area are still very confused as to just what it all means and more importantly

…most sellers simply aren’t aware of the options available to them

when faced with the prospect of a short sale.

Because they are not aware of their options, far too many home owners wait too long to get started with the short sale process or to get aggressive with the process.  And we are finding that many are putting themselves through a lot of mental anguish over their situation that can be avoided by simply learning their options and taking action.

Fortunately, however, there are caring professionals who have helped hundreds of folks in your exact same situation and who have, in some cases, been exactly where you are themselves.  These caring professionals include real estate agents (like us), real estate attorneys, tax accountants and mortgage professionals.  We believe it is important to consult each of these professions

…and we make it easy for you by putting you in

contact with them when you call us first.

You see, we don’t think that the automatic answer to every sellers problem is to slap a for sale sign in the yard.  We believe you need to go into this with a clear understanding of what it means to you personally and what options you have at your disposal.

If you are facing the prospect of needing to sell your home in the Jacksonville area and think (or know) that you are looking at a short sale, you can call us and we’ll give you the straight scoop. The first thing we will do is to give you and honest and realistic picture of your homes value in today’s current market and what to expect in the future.

We promise not to inflate the value range

just to get you to list your home with us.

To do so does no one any good at all.  To overprice your property means only that the eventual sales price will likely be much lower than if priced aggressively in the beginning and it only prolongs your time worrying about the sale and prevent you from getting on with your life.

The second thing we will do is to arrange for a free consultation with an experienced real estate attorney.  You see, we are highly qualified to assist you with determining the market value of your property and we are also highly qualified and experienced in marketing your home effectively so as to expose your listing to the highest number of potential buyers possible and to take care of all the details of the sale from beginning to end.  But we are not qualified to provide you with legal advice and we wouldn’t dream of doing so.

If you need to short sale or ‘think’ you might need to short sale your Jacksonville area home, give us a call.  We will give you the information you need without any pressure to ‘list’ with us whatsoever.  We’ll simply give you our honest assessment and opinion and point you toward your options so that you can make an informed decision and take control of your own situation.  Who knows, there may be options available that don’t include selling if that is what you prefer… whatever is in your best interest is what we want for you.

And, of course, if you need or want to sell your home and are not in a short sale situation, we will help you too.  Aggressive marketing is just as important for your listing as for a listing that is a short sale.

We look forward to meeting you soon!

TIMOTHY H. FENNELL, PA - Tim Fennell is a Florida licensed Real Estate Broker Associate with The Legends of Real Estate. Realtors® in Jacksonville, Florida. His strong background in business development, real estate investments, counseling and marketing greatly enhance his skills as a Listing and Internet Marketing Specialist. Tim and his wife, Susan, have over 30 years experience in Jacksonville Real Estate sales, marketing and investing and both are Accredited Consultants in Real Estate (ACRE®). When you're ready to be consulted with, rather than sold to, give them a call at 904.568.4528

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