If you’re an Orlando short sale realtor, you’ve noticed that banks are moving short sale files along much faster than was the case a year, or even six months ago. Although our company has an unusual 100% closing ratio on Orlando Short sales, most brokers close about half of their short sale files, which still isn’t bad considering all the work that’s involved. Not to mention everything that can go wrong throughout the process if you’re not experienced in the Orlando short sale arena.
Even though short sales can take anywhere from 2 months to a year from contract to close, people are willing to wait. Sellers that live in the house that they need to short sale have a huge advantage because they can continue to live in their house rent free until the short sale is completed. This really helps families relieve some financial stress, and ultimately translates into the homeowner being in a much better position financially when it’s time to move.
Potential Orlando home buyers also don’t mind waiting because they know that the payoff will be worth it if they are willing to stay in there and play the game. I believe that right now is the perfect time to buy an Orlando Home. The market is starting to stabilize but you can still get a good deal on an a great Property. This time next year people who were going to buy Orlando Real Estate and never did are going to be kicking themselves.
