"Short Sale" is a Buzz Word in Today's Real Estate Market, especially in Surf City & Topsail Beach NC

Posted at 6:08 PM, Nov. 2, 2009

“Short Sale” is definitely a buzz word in today’s market.  There are many short sales in our local market of Hampstead, Wilmington, Jacksonville, and especially on the beaches- Surf City, Topsail, and Wrightsville Beach.  We understand what it takes to represent a seller in a short sale and help them navigate the short sale with their lender and try to get the property sold—and approved by the lender—before the property goes to foreclosure.  But short sales are very tough, and they don’t always work out.  Here is an article that explains in detail why short sales are so tough. http://rismedia.com/2009-10-22/are-short-sales-anything-but-short/ 

Many buyers these days are looking for great deals, so they want to look at short sales or foreclosures.  We have access to all of these deals, but depending on the buyer, buying a short sale may not be what they’re really looking for.  Normally short sales take much longer to get closed—sometimes many, many months. And often times they never end up closing due to the lender not approving the sale, or sometimes the lender just takes so long that the buyer can’t wait any more.  There are many traditional properties in the market that are great deals that are priced below market value.  This is a buyer’s market, so if you’re looking for a deal, there is probably something out there for you.  It’s a great time to buy, especially since mortgage rates are still at an all time low.

Stephanie Gasparovic, Realtor®
Stephanie Gasparovic & Associates is the educated choice in Hampstead NC Real Estate and the Greater Wilmington NC Areas.  Visit one of our exclusive Hampstead NC Communities.  Stephanie Gasparovic & Associates has all the listings all the time!  At Stephanie Gasparovic & Associates, we believe that knowledge is power – Let us put our knowledge to work for you!
(910) 264-7826   www.StephanieGasparovic.com   Search All MLS