Foreclosure vs. Short Sales- What's selling?

If you are still in doubt about the difference between a "Foreclosure" and a "Short Sale", you can refer to my first post on this blog.
When pursuing distressed real estate, you will be happy to learn that you can avoid several unknowns by targeting a specific type of property.

My recent analysis of the local market area indicates that FORECLOSURE SALES and SHORT SALES are closing at around the same rate over a 60-day period; although the ratio of active For Sale listings reveals a 4:1 ratio of SHORT SALES to FORECLOSURES.

Putting in simpler terms, there are FOUR TIMES AS MANY SHORT SALE listings as FORECLOSURE listings, an obvious indicator of very long periods of time associated with buying a short sale property.

Now is the time to always, always, ALWAYS remember.....

It's ONLY a good deal if it CLOSES!!

You can see this week's list of foreclosures for sale in this area by visiting my website. These lists are updated every Friday, but if you see something attractive- DO NOT WAIT. Chances are it will be gone soon. There are some very good deals on the list!

http://www.mypinellasparadise.com/

Thanks and have a great week!