Jacksonville Short Sales Update-Distressed Properties in the Jacksonville Florida Real Estate Market Continue To Present Terrific Opportunities For Buyers!
Today Jacksonville distressed properties (Jacksonville Short Sales and Jacksonville Foreclosures) represent almost 55% of all Jacksonville homes for sale that are under contract. Only 45% of pending homes are straight resales.
Over 25% of homes on the Jacksonville real estate market are short sales or foreclosures. This number continues to rise weekly, sometimes daily. Between 32-33% of the homes sold in the past 30 days have been Jacksonville short sales or Jacksonville foreclosures. Of this number 37% were short sales.
Jacksonville short sales can be successful (no matter what you hear!) and can be a great deal for buyers! Hire an agent who knows and understands how to successfully complete a Jacksonville short sale.
Jacksonville short sales are much, much harder for the agent. It is a lot more work for what is usually less pay. A multitude of obstacles can and will come up in a Jacksonville short sale transaction. Every day is a new challenge. Agents have to be on top of things, sharp and able to think outside the box to increase the closing rate of Jacksonville short sales. Agents who are able to maneuver the challenges are very successful in closing Jacksonville short sale transactions.
If you are a buyer, you have to consider Jacksonville short sales these days if you don't want to overpay for your home. We can help you with a Jacksonville short sale transaction. We think they are great...and such a win-win...for both the buyer or the seller. Are they all successful? Of course not. But no transaction is bulletproof in these volatile times. Let us get started helping you today!
The overall Jacksonville real estate market has a pending to active ratio of only 13.82%. Jacksonville distressed properties have a pending to active ratio of just under 30%! This is proof that this is generally where the deals are for buyers. What are you waiting for? Contact us today to see the Jacksonville Short Sale and Jacksonville Foreclosure opportunities that are waiting for you.