Chris has 18 years of experience in Florida real estate with ten of those years as Broker-Owner of one of the most successful independent real estate companies in the Tampa Bay area. Her specialty is in the luxury home market, specifically waterfront properties. Chris holds CRB, GRI and e-PRO designations in real estate and has also been the recipient of several Chamber of Commerce awards. Chris is an expert at locating the best deals for her clients. "There is no better time than now to invest in real estate. Don't wait any longer!"

Opportunity knocks for buyers. Today, home values can easily be less than the mortgage balance owed by the current owner. This means a home has negative equity. Homeowners with unaffordable mortgage payments and negative equity often resort to selling their homes using a process called "short sale". The effort for the homeowner is to sell the home with their lender's agreement to accept an amount less than the remaining mortgage balance and the homeowner avoids foreclosure on their credit record. For some homeowners the lender files Lis Pendens and takes the property in foreclosure.

Our Agents Have The Experience

As a Florida Luxury Realty associate, I have a vast knowledge and understanding of these types of properties and how to help buyers with the entire purchase process. Below are answers to help you further regards questions that are most often asked regarding Short Sale and Foreclosure properties. If you have additional questions, get quick answers directly from me by clicking here

Great Tips For Buying A Foreclosure

Buying a foreclosure has its drawbacks, but also offer big profits for buyers and investors. Not every foreclosure will be a great deal. Here is a few useful tips if you are interested in buying a Foreclosure home.

Buyers with all cash are REO lenders' favorite purchasers. A list-price all-cash offer will beat out a conventional offer, even if the conventional offer is above list price. If the listing's conditions state "cash buyers only," it is unlikely the bank will consider an offer from any buyer who is relying on financing.

Offering a quick closing is very appealing to the seller and may help you get a lower price. A buyer does not need 30 or 45 days to close if the buyer is not obtaining a loan. Once the home inspection and other contingencies have been satisfied or released, a closing can take place in as little as 3 to 7 days.

Buyers should always get an inspection on the property they are seeking to purchase. This is especially true for foreclosure properties where their is often no disclosures from the seller regarding the condition of the property. Homes that are subject to foreclosure may been damaged by the disgruntled previous owner who lost the home to the lender in foreclosure.

Great Tips For Buying A Short Sales

Buying a home that is subject to short sale can be a bargain in price, but despite the deal it can be it isn't always the right choice for every homebuyer. The single largest pitfall about buying a short sale is that it is often 3 to 6 months wait just to find out if the seller is accepted by their lender's to sell the home as a short sale and that the seller's lender will accept your offer.  Here is a few useful tips if you are interested in buying a short sale home.

Buyers should be sure they have 3 to 6 months timeframe before they are required to move. If you are renting and your lease is up within a couple of months, you will need to try and make arrangements with your landlord for a few extra months.

Rely on a real estate professional for advise regarding the price. If the asking price is already below the neighborhood market price, then you may need consider your offer at or very near the asking price and request that the seller not accept other offers. Realize that in most cases the seller's real estate agent is still accepting other offers from buyers to send in for lender approval. You need to also know that the low price tag may have been to get interested buyers to make offers and that the decision to accept a price is still up to the seller's lender for acceptance.

Be sure that your real estate agent lists all items that are staying with the property on the contract, included but not limited to all appliances, ceiling fans, lighting fixtures, and window treatments. It would not be a bad idea to also take photos of the appliances, ceiling fans, and lighting fixtures. The seller is getting zero money from the sale of the home and in some situations, they may try to take or replace with lesser quality some of the items which should be staying with the property.

For more help with foreclosures and short sales, please contact me for assistance.