Tuesday, September 30, 2008

What to buy in Islamorada for 450K

This is a fantasti deal on Upper Matecumbe Keys (The heart of Islamorada). Everything is in walking distance; there is a beach and AND dockage. The price has just been reduced to 450K! Take a look; this might just be THE one for you. Find more info about the property here:

Saturday, September 27, 2008

Lowest priced Buttonwood Bay unit 649K - new on the market!

Lowest priced unit in Buttonwood Bay! Come enjoy the boaters paradise! Each unit has an assigned boat slip; there is on site bait and tackle shop and gas pumps, Trailer storage, 3 pools, five tennis courts, beach area, clubhouse, fitness Center .... Buttonwood Bay has it all!

See more info about the listing here

Friday, September 26, 2008

New foreclosure on the market! Canal front CBS home 425K!

Ok, the one for 499K is back under contract but here is a new one on the market that is a great deal! 2 bedrooms, 1 bath on the ocean side. Quick ocean access - perfect for the Sports fisherman! These go quickly! Please e-mail Wiebkewestedt@aol.com or call me at 305-393-0923 with questions. Thanks for reading my blog.

Thursday, September 25, 2008

This just came back on the market Canal front 499K. This is already back under contract.

It's at MM99 on the Ocean side on a very protected canal with a straight shot to the Ocean! Great deal! When this came on the market last time, it was gone within 3 days.
Please call me if you have any questions: 305-393-0923

Foreclosure - Even better yet! 425K

For this one you don't have to wait! This is already bank owned. A 3 bedroom, 2 baths unit on the top floor in the building closest to the water. This is -without question- THE best location in Tamarind Bay!
This is a link to info and more pictures:
Click here
Please call me for more info or a showing: 305-393-0923

Tuesday, September 23, 2008

Fantastic deal! Short Sale in Tamarind Bay 350K

This is the view from the unit! This is the closest building on the north side of the property. Tamarind Bay features: 2 Pools, Dockage, 2 Tennis Court, Trailer storage, common BBQ area, extremely well kept grounds, very close to Adams Cut = Quick Ocean access!
Find more info here

This is a short sale and it in the very beginning of the Short Sale.If you are in a rush; this one is not for you, but if you have time and want a deal; here it is!
Please call me for more info: 305-393-0923

Sunday, September 21, 2008

Deal just fell through!

Don't let this one pass you by!
This is a CBS house with open ocean views on a protected lagoon. Perfect for the avid boater! A straight shot out to the Ocean! This is a short sale that has been approved and is ready to close! If you are intersted in this house please e-mail me Wiebkewestedt@aol.com or call me at 305-393-0923 and I will send you more pictures and info.
Locations like this are very few in the Keys. Protected dockage on the Ocean is priceless!

Thursday, September 18, 2008

Friday, September 12, 2008

Price reductions!

If you have been checking daily what new properties have come on the market you will have noticed that it's not a lot. Over the past week there has not been a day on which more than 4 new listings have come on the market! That's good! Our inventory is no longer increasing but decreasing!
Here is where you see the activity: Price reductions! That is where you find some great deals now! Sellers know that there is activity out there and you sure can tell which sellers mean business and which ones are out there 'fishing'.
I am going to post all price redcutions from now as well. Please let call or e-mail me with questions anytime!

Monday, September 08, 2008

Short Sale - Long wait!

Short Sales can be a good deal! No question about it! Beside wanting a great property that is what every buyer wants: a great deal! Therefor it is no surprise that many buyers go for a property that is a short sale. In case you do not know what a 'short sale' is: A short sale is a sale in which the lender has agreed to take less than what is owed on a property and the borrower can prove that the market value now is less than what is owed and that the borrower will (or already has) probably default on his mortgage payments if the property is not sold shortly.
There are two different scenarios: 1. The Bank agress on a price that they will take. 2. The lender agrees to possibly do a short sale and lists the property for a very marketable price that will attract buyers. It has to state in the Listing agreement that this is a short sale and is contingent on the Lenders approval if an offer is accepted.
So, you don't care of it takes some time ... you have time. So what if it takes a couple of months. But here is the problem: most of the time it takes much longer than a couple of months. I have had a short sale under contract now for 7!!! months!
I am lucky and have some very patient buyers but a lot of time buyers get fed up after three, four months; especially when there is no light at the end of the tunnel.

The process is even more frustrating for the seller, as the seller might have a good offer that the lender would probably take if somebody at the bank would simply look at the offer, do some research and get the ball rolling and stay on it until closing. You would not believe how many short sales are under contract! It is not seldom that the bank is finally ready to accept a deal ... but the buyer has grown impatient and gone on to another property. It is also not uncommon that a property is being offered as a short sale, a good offer -or even several good offers- are on the table, time passes and since the departments at the bank seem to do a rotten job of communicating amongst each other, the property goes into foreclosure simply because the time frame is up and after non payment of mortgage payments for so long, the property will be foreclosed on while there is a buyer ready to purchase the property.
It is very frustrating and you should be aware of that if you are looking at short sales.
I am not saying that you should not look at Short Sales or not make an offer but if you do: It is a process that takes a long time.

Tuesday, September 02, 2008

My apologies!

to everybody who has attempted to vote for me on the Bloggers Choice Award Page!
I have received many e-mails from people who told me that they signed up on the Bloggers Choice award site and never received their log on info. Thank you so much for trying and I apologize to have added an icon to this blog that leads to sheer frustration by trying to help me out and vote. I will remove the icon (is that what you call it?) in a couple of days. Thank you all for trying!