With Interest Rates Low and a Good Selection of Homes, It’s A Great Time to Purchase a Home in Jacksonville Beach and the greater Jacksonville, Florida area!

The National Association of Realtors reports pending home sales show a sustained uptrend rising for four consecutive months with very favorable housing affordability and a First Time Home Buyer credit boosting activity.  The last time there were four consecutive monthly gains was in October of 2004.  The NAR chief economist said, “Rises in contract activity show buyers are becoming more active, even as they face much more stringent loan underwriting standards.”

Some buyers are purchasing Short Sale homes that are being sold for less than the amount owed on the property.  If your agent approaches the distressed homeowner of any Short Sale property with sensitivity to their situation this improves the odds an agreement can be reached and helps the lender because the lender can remove a non-productive asset or potential foreclosure from their books.  There is also a better chance one can negotiate to get repair cost covered after a Home Inspection when a home is in the Short Sale stage as opposed to Foreclosure stage.  It can take a few weeks to ninety days to get an acceptance or rejection from the lender however it can pay off in the long run.

Pre-Foreclosure or Short Sale? The most important point is the need for you to work with a Realtor that is experienced in handling these types of sales.  I will be happy to advise whether you have a question or a comment, plan to purchase, or need to list your home as a Short Sale.  You can reach me by email at gracehughesjax@gmail.com or call at 904-233-1341 with questions.

I will cover Auction, REO and Foreclosure properties with my next blog.

Click here for Short Sales and Foreclosures in Jacksonville Beach.

Go to my web site at http://FindaPlaceWithStyleNgrace.com.  Be sure to check the boxes for Short Sales and Foreclosures in any other areas of town.

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Posted on Thursday, July 30th, 2009 at 4:00 pm and is filed under Bidding REO Properties, Buy Condominium, Buy a House, Foreclosure Property, Foreclosures, Homes for Sale, Housing Market, Luxury Homes, Property Investment, Questions and Answers, Real Estate, Real Estate Agent, Short Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.