Many 'new' communities were hit hard with investor Foreclosures in the last two years and many Home Values are now 'upside down´. Almost all properties purchased from 2005 to 2007 are worth considerably less and are now offered as 'Short Sales´ to bargain hunters. The term Short Sale means the Seller negotiates a sale with their Bank´s approval to accept less than the Mortgage amount owed. Incredible deals are now on offer where Sellers are advertising their properties at discounts of up to 50% less than what they paid a few years ago.

Although the most upscale Florida Communities such as Celebration, Bay Hill and Windermere have weathered the storm quite well, we are still seeing incredible price reductions particularly in the Luxury Market where some $2 Million Homes are now on offer for as low as $1.3M.

Mid Priced Homes that were valued at $700k just three years ago are now offered from as little as $475k. Small Condos in Celebration, Kissimmee and Orlando have just hit the sub $99k range and buyers are now coming forward with strong cash offers. Although Short Sales can take several weeks for the Banks to grant full approval, many buyers are prepared to wait in order to buy their dream home at a huge discount.

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We can show you all genuine deals and subscribe to the National Association of Realtors and are members of Mid Florida Regional MLS and South Florida Miami Boards. If you need financing to make a purchase, we recommend you get fully pre approved before presenting an offer - we can help ensure your Loan meets approval with our experienced Mortgage Brokers. If a Homeowner stops making their mortgage payments and a Short Sale is not negotiated in time, the home can be Foreclosed and is then offered for sale as a Bank Owned Property (REO).

Foreclosed properties offered by Banks are currently the best deals available as no Bank wants to hold onto properties for long and can make much quicker decisions in accepting an offer as compared to a Short Sale offer. Downtown Orlando offers the very best New Construction deals for Condos that developers are making available at very low prices.

In addition to seeing more and more Short Sales and Foreclosed Properties for sale throughout Central Florida, we are also seeing a new business model for selling bargain priced properties offered by Private Investment Companies often backed by Hedge Funds. The difference is they pre approve a Short Sale with a Lender. When a homeowner can no longer afford to make their mortgage payments, they may approach these Private Investment firms who aggressively negotiate a very low sales price with the Owner´s lender and then offer the property for sale themselves with a small profit margin included in the final sales price. This is a win win for all parties as the Seller avoids Foreclosure by selling their home very quickly and no long delays in waiting for a Bank to approve an offer ? all the negotiation is done upfront by the Investment Firm before the property is even listed for sale. The buyer gets a very affordable property directly from the Investment Firm who essentially pays off all outstanding Loans and debts on the day of Closing and then 'flips' for a slightly higher amount.

Let us guide you through the many choices available and ensure you are fully informed regarding all Short Sale Pre Foreclosure or Bank Owned Properties as well as Private Investment sales.