From the category archives:

What Does a Short Sale Look Like in Palm Beach County?

Short Sale Success Stories - Royal Palm Beach, FL

Short Sale Success Stories - Royal Palm Beach, FL

The bank on this deal made it one of the tougher ones to close. The slow response time from the bank killed several offers before the right buyer came along.  Luckily, the successful buyer’s agent was also an experienced short sale Realtor which helps get these tricky deals closed. 

The closing almost did not go through because the bank refused to payoff all of the back HOA dues.  We worked hand in hand with the buyers agent, and the title company to figure out a way to get this deal done …and allow the happy buyer to move in and the seller to move on and start over.

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Short Sale Success Stories - Loxahatchee, FL 33470

by Chris Melson on May 30, 2009

This short sale just closed last week.  There were two loans on the property and the seller was never late on either payment.  The bank moved in a responsive manner to get the property sold and the seller was a pleasure to work with.  When seller’s are motivated and comply with all the needed paperwork, continue to maintain the property, do not remove appliances, plus keep the utilities on, it makes short sales much easier to close. The seller was happy to get the ‘property noose’ off his neck, the buyer was happy to get a great deal on a clean property, and the bank was happy because they lost less money then a foreclosure.

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This is truly a special property for a waterfront buyer.  The sellers purchased it from the estate of Bing Crosby and totally remodelled the home in 2001.  Right on the intracoastal, the property has outstanding views of the water and surrounding preserve.  Dock your boat on the intracoastal and set sail for deep-water as there are no fixed bridges or slow canals delaying your cruise.

The home itself is a spectacular Bermuda home with an open, inviting style inside.  The lots next to the property are also available, so a buyer could create a true estate home with ample water access and privacy. Currently the home is available at the special short sale price of $1,300,000.

We shot a professional video of the property for a commercial that you can view here

http://www.hometakesvideos.com/showcase/index.php?id=170&cat=tour

 

9353 Yardarm Terrace, Hobe Sound, FL 33455

9353 Yardarm Terrace, Hobe Sound, FL 33455

9353 Yardarm Terrace, Hobe Sound, FL Intracoastal View

9353 Yardarm Terrace, Hobe Sound, FL Intracoastal View

 

Aerial View of 9353 Yardarm Terrace, Hobe Sound, FL

Aerial View of 9353 Yardarm Terrace, Hobe Sound, FL

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This fixer upper deal needs some cosmetic work and a new air conditioner, but the house is in decent shape and in a great community.  Where else can you live in a nice Country Club community for close to $75 per sq ft.  That is a great price…and its bank approved at $135,500 so it can close fast.  The community does require the buyer to join its country club at a $4300 annual membership rate, so there are a lot of annual dues to pay, but the buyer gets a home for a steal right next to outstanding golf in a guard gated community.

13345 Crosspointe Dr in Easpointe Country Club, Palm Beach Gardens, FL

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What do you get when you combine a great community with a great deal?  The Short Sale Deal of the Week!  This home has almost 2700 sq ft under air and is located in one of Hobe Sound’s water access communities called The Soundings. You can rent a boat slip at the community marina and walk to your boat if you like boating…or you can store a boat and an RV at the community storage facility.

The home is CBS, built in 1998, and is located in an excellent area with some of the state’s best schools.  The price is $289,000 or a little over $100 per square foot for an outstanding home.  I would live in this community if I were moving to Hobe Sound, especially at under $300,000 for this home.

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Plenty of room on this over 1 acre lot in Loxahatchee, FL.  This super clean home is almost 2000 sq ft under air with 3 bedrooms 2 baths and a fantastic hand built outdoor barbecue built by the seller/original owner.  You can entertain and have fun parties in your own spacious back yard around the grill.

The home is a great price at $189,000 which is less then $100 per sq ft on an acre of land.  These type of deals are out there and they make fantastic buying opportunities for home buyers with the new low interest rates.  With no HOA payments in this area,  you can own this home for a monthly payment, including taxes and insurance, around what it would cost you to rent.

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This short sale is an outstanding deal at $169,000 for almost 2000 square feet of living space with four bedrooms. That’s well under $100 per square foot for a solid home in a great location in Royal Palm Beach.  The home needs a little touch up cosmetically but has good ‘bones’ and is cbs built to withstand hurricanes. 

The neighborhood has a low monthly HOA that includes a community pool.

Short Sale Deal of the Week, Royal Palm Beach, FL

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This beautiful home is a screaming short sale deal in the newer guard gated community of Versailles in Wellington, FL. The home has quality upgrades throughout including top of the line Wolfe appliances, saturnia floors, oversized office with built ins, full patio summer kitchen, and freeform pool/spa. This home is an entertainer’s paradise…check out the video of the pool area. With 5000 square feet, 5 bedrooms, and 5 baths, the new owner will have plenty of room to entertain. The current short sale asking price is $729,000, however the bank will entertain all offers.

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Tequesta Short Sale In Outstanding Community

by Chris Melson on November 20, 2008

This short sale home is in lovely Tequesta, FL just north of the Jupiter town line.  It’s located in the beautiful  gated community of River Ridge near the Loxahatchee River, about 3 miles from the beach.  The home is semi-custom with tons of upgrades and truly beautiful hardwood floors.  Someone is going to get a great deal on this home, short sale priced at $519,000.  Homes like this don’t come up as short sales or foreclosures very often, especially in the more established, desirable communities like River Ridge.

18680 River Ridge Rd, Tequesta, FL

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Welcome To Florida Home Aid and PalmBeachShortSales.com

by Chris Melson on November 16, 2008

A video introduction to FloridHomeAid.com and PalmBeachShortSales.com. 

We specialize in helping buyers and sellers of forecosures and short sales in the Palm Beach County and surrounding areas including: West Palm Beach, Palm Beach, Palm Beach Gardens, Wellington, North Palm Beach, Boynton Beach, Lake Worth, Boca Raton, Jupiter, Juno Beach, Tequesta, Royal Palm Beach, Loxahatchee, Lantana, Delray Beach, Hobe Sound, Stuart, and Palm City.

Thanks for visiting.

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