The Davenport short sale property was listed on 10/28/2012 and received multiple offers within a few days of being put on the market. The first buyers lost their financing and the Chase short sale wen back on the market. Francisco Orchilles was able to generate another buyer for the home, and the transaction went pending a few days after it was listed again. Due to the fact that two lenders were involved in the short sale, the transaction took 4 months to complete once the second offer was received. Davenport was hit particularly hard during the real estate crash, but the amount of Davenport short sales has been dwindling in the past year.
The original list price of the home was $105,000, while the final sale price came to $95,000. The buyers used conventional financing to purchase the Davenport property. Towards the end of the process, the loan servicers had countered the buyer’
It is crucial to have an experienced short sale specialist helping the homeowner through the transaction. Timelines and accuracy are of utmost importance throughout the process, and are almost always the difference between success and failure in a short sale transaction. Orlando short sale expert, Francisco Orchilles works with the Orchilles Realty Group and Keller Williams Classic Realty to help home owners determine whether a short sale is right for them.
Call 407-925-4552 for short sale help and a FREE short sale consultation.
Francisco Orchilles, Realtor | Orlando Short Sale Expert | The Orchilles Realty Group | Keller Williams Classic Realty | www.orlandorealtylist.com | www.orlandohouseprices.com