Windermere Florida foreclosures and short sales are normally available. Windermere FL Foreclosures are not very numerous simply because the number of homes here is only a fraction of what greater Orlando has.
Short sales are when the lender approves the sale of a home short of what is owed on the home. Do not confuse the term with taking a short amount of time to purchase a home. Occasionally it may take more than a month to have a bank approve an offer. To further complicate things the seller is not only the person living in the home but also the bank who holds the note. There are also tax implications for these sellers of these homes unless there are so many happening that the government waves the penalty. Still this can be a great way to purchase a home at a great price when there are many of them available.
Foreclosures are simply homes vacated by the owner, turned over to the bank and now being sold. Do not expect a great deal unless there are a lot of foreclosures on the market. When banks have very few homes they price them according to the market rate. When banks have a larger inventory of foreclosures then they need to get rid of them and they lower the asking prices. The purchasing of these homes is also quite different than a conventional purchase.
The best way to make one of these purchases, or to sell your home as a short sale is to start off contacting us. We have been down this road with many buyers and sellers and can give you some sound advice and also help you make a good purchase as smoothly as possible. For now please view the short sales and foreclosures in Windermere FL below.