Just Sold By The Herron Group Bay Front Nokomis Across From Casey Key

This had been a short sale (the owner owed the bank more than the sale price a lot more). I had put an offer in on the property for my client as a back –up to the lower first offer the seller had gotten. After four months of hearing nothing from the Bank. The Bank takes the first offer with out countering it or even notifying us. The first buyer contracts with another buyer who calls us. We were able to assume this second contract and close in a week at not much more than my client’s original offer to the Bank.

I am seeing more and more short sales and foreclosures in the higher end Water Front Properties and Golf Course & Country Club communities. In my eighteen years of selling luxury real estate on Florida’s West Coast I have never experience so many distressed property sales.
This property had 250 feet of sea wall, sailboat water, and two boat docks. The windows had all been replaced with hurricane impact glass, stuccoed, and a new metal roof. It was in very good condition for a short sale property.

A lot of the Short Sale properties have really been damaged by their owners. They have taken the appliances, even the built-ins. Some have taken the sinks and the toilets. Several that I have shown have holes in drywall and doors. Swimming pools are black from being turned off for long period of time. All of these Short Sale and Foreclosure properties are being sold in AS/IS condition. So if you do decide to buy one of these properties. Make sure you get home inspections done immediately and your contract is contingent on the inspections. When buying these Short Sales it is going back to Buyer Be Ware, nothing is warranted.

You can e-mail Nick Herron if you would like more information on Short Sales and Foreclosures.