"You can't always get what you want"

"But if you try real hard you can get what you need"  The Stones

The picture is of a short sale we have in Harbor Isles.  It is a mac daddy unit and bank approved price.  This could be an opportunity for some lucky buyer.

We have been working on a short sale for about 6 months and had approval from everyone to close.  The seller decided he would not submit one more financil disclosure.  This wll die a slow death and will go to foreclosure and the lender can still file for a defiecny judgement.  If you are not committed to the process then you should just let it go to foreclosure and deal with the consequencs.  It is very frustrating to all when you drag it out and then decide to not cooperate.

The short sale option is available to all who are committted.

Jim Bagwell

"I don't know how I got over the hill without getting to the top"

Will Rogers

Short sales are something that will be with us for a very long time.  Banks and lenders are doing a better job but it is still a time consuming process.  Not many people know that the negotiators of these type sales are paid on commisssion.  They are usually negotiating with the investors who bought the mortgages.

There are currently 43 waterfront homes in Cocoa Beach, Cape Canaveral and Merritt Island that are under contract waiting to close.  Of these 43, 25 of them are short sales or 58%.  As you can see there is no way around being involved if looking to buy a property.  These properties range in price from $128,900 all the way to $1,075,000 so all entities of the economic community are represented.

A lot of agents won't show short sales to their clients simply because it takes awhile to close.  Now if you need to be in a home quickly because of the school year or other reasons, then a short sale wouldn't be for you.  If you have time to wait then short sales should be considered and your agent should show you these properties.

Happy Fathers Day!

Jim Bagwell

Short Sale Team

Hard times do not have to require desparate measures.

SHORT SALE TEAM

Jim, Ada and Joanne have been in the Real Estate business together for 10 years.  We share the same commitment to details and customer service which makes our relationship work.  Walker Bagwell Properties was created about 6 years ago at the worst possible moment in the Real Estate world.  During this same year short sales became a viable option for homeowners who found themselves upside down in their mortgage.

We committed ourselves to invest in the education, seminars and designations to be knowledgeable in providing this tool to our clients.  All three of us were awarded the Certified Short Sale Professional (CSP) designation.  We have completed countless transactions in the short sale world.  The one thing we are most proud of; we have never had a primary residence owner pay any money at closing nor have any deficiency judgments brought against them.

Short sales and foreclosures will show up on your credit report however short sales are much less hurtful than foreclosures.  The key to being good at short sales is follow-up.  The reason that we offer a team of three is to allow more follow-up.  The worst thing for a homeowner who is upside down is to do nothing and conversely the worst thing for a Real Estate company to do is not following up on a weekly if not daily basis with the lender.

If we can help you in this difficult time please call one of us and schedule an appointment.  There is never a charge to meet with you and get an idea what your property’s value is in today’s market.

Call

Jim 321-213-0615

Ada 321-432-4741

Joanne 321-749-3190  

SHORT SALE TEAM