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Wednesday, April 30, 2008

Casa Marina Short Sales





Last week I cautioned that Short Sales may not be all they are cracked-up to be. So today I am touting two Casa Marina Short Sales just to tease you. But who knows, you may be in the 18% of buyers lucky enough to actually close a short sale. Read on and you may be enticed to give it a try.

1712 Laird Street is a wonderful renovation of a concrete block house with high open ceilings, open floor plan and French doors that lead to a large deck and beautifully landscaped gardens. There are 2 bedrooms, 2 beautiful baths with a study that can be used as a third bedroom. Shell stone floors through out, walk-in closets and plentiful storage, central air, stainless steel appliances, beautiful hardwood counter tops and a good sized laundry room. Handsome privacy fencing, off street parking and plenty of room for a pool. The asking price has been reduced to $629,000 or $419 per sq ft. I suspect the sales price will be lower indeed.

CLICK HERE for more info and photos of 1712 Laird Street.

I have written before at 1116 Seminary. The asking price is $1,000,000 but I suspect the seller will accommodate any reasonable offer. The seller has no equity to preserve. Renovated three bedroom two bath home in Casa Marina area close to beaches and Old Town. Amenities include bamboo wood floors, cherry cabinets, granite counter tops, tumbled marble baths, heated pool and off-street parking. CLICK HERE for more info and photos.

A short sale generally occurs when the Seller's net sale proceeds after payment of customary closing costs from the sale of real property are insufficient to pay outstanding mortgage and /or other lien(s) in full at closing. Typically, a short sale seller is in default of loan or lien obligations and is able to document the financial inability to meet ongoing repayment obligations. A short sale is not a sale that occurs quickly. Short sales take a lot of time because the third party lender must go through a series of exercises to determine whether the price is reasonable and whether the borrower is financially unable to repay the mortgage. But for those aspiring buyers willing to spend the time and effort to go through the process the reward can be fruitful.

Want to see either of these homes? Please call me, Gary Thomas, 305-766-2642.

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The information on this site is for discussion purposes only. Under no circumstances does this information constitute a recommendation to buy or sell securities, assets, real estate, or otherwise. Information has not been verified, is not guaranteed, and is subject to change.

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Key West, Florida, United States
I first read about Key West in a magazine called "After Dark" sometime in the mid 1970's. But it wasn't until March 1984 that I made my first visit to the island that would become my home. I had two weeks for a vacation and reserved a room at Colours Guesthouse (now Marrero's Guest House) for one week. I thought that if I didn't like Key West, I could always go back to Miami or Ft. Lauderdale for the rest of my trip. But after a couple of days in Key West, that was no longer a consideration. But when I wanted to extend my stay for the extra week I found there was no room at the inn. The guesthouse owner did find me a room at LaTeDa, the infamous guesthouse/restaurant. That's a story I'll write another day. But those two weeks in Key West gave me the realization that I had found Paradise. Key West has been my home since 1993 and my only regret is that it took me so long to get here. I am a full time Realtor at Preferred Properties CRI. Let me help you find your new home or business in Paradise. Living in Paradise is not a slogan, it's a way of life.