Contributing to Daytona Beach condo short sales over the past few years are the irrational exuberance of buyers, risky mortgages, and sub-prime loans. For sellers and buyers, understanding the ins and outs of condo short sales can be a daunting task that is better left to an experienced and knowledgeable Realtor from Beach Bum Realty. A Daytona Beach short sale requires intense negotiations with the property owner or mortgage lender along with plenty of paperwork. Sellers have a great opportunity to get the best possible price rather than face the ugly consequences of foreclosure while buyers have the chance to own a home at up to 20 percent or more less than the market value. This makes it a win-win situation for both when approved by the bank. For buyers, it is important to be patient since the bank or lender needs to be dealt with. However, it is important to understand that Cash is King, so the sooner you make a cash offer the more likely the bank will accept.

For lenders, a short sale is much better than going through foreclosure, which is for the most part the last thing they would want. Besides, they do not have the hassle of reselling a home in case of a foreclosure. At Beach Bum Realty we understand the ins and outs of Daytona Beach condo short sales. Whether you are a buyer or a seller, we have the resources to deal with all the parties involved in a professional manner. There is much more to a Daytona Beach condo short sale than simply getting a good price.