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Orlando Short Sales:

Best Beach Short Sale will help you find short sales in Orlando as well as foreclosures deals.

Please search our database or contact one of our agent to find short sales in Orlando, FL.

We also have short sales listings in Miami, Miami Beach, South Miami, Naples and Tampa. We can help you with short sales approvals, buying and selling short sales in Orlando.

Please refer to our pages regarding short sales: We have documentation on short sales, what is a short sale, how does a short sale work, how to buy a short sale, how to sell short sale.

We have the highest rate of short sales approvals in Orlando, Fl. We facilitate your experience to buy or sell your short sales in Orlando, Fl.

 

Short Sale News in Orlando:

Existing-homes prices in the Orlando area made their regular spring uptick from April to May, rising 4 percent to a median of $110,000, according to a new report by the Orlando Regional Realtor Association.
May historically is the start of the summer buying season, but local real estate agents said that prices also rallied last month because more "regular" houses sold compared with foreclosures and other distress properties.
For a fourth consecutive month, the percentage of "normal" sales rose, hitting 37 percent in May. Since the local Realtors association began tracking normal versus bank-owned and short sales two years ago, regular closing have been as high as 58 percent of all sales, in July 2009, and as low as 25 percent of the total, in January of this year.

Orlando's housing market has been feeling the effects of banks and mortgage servicers initiating fewer foreclosures and pulling them out of the courts over concerns about sloppy paperwork.

Even with a reduced share of foreclosures and short sales, the local market continued to be defined by such deals. Distress sales made up 63 percent of May's preliminary closing count, according to the association's report, which measures only member sales, most of which are in Orange and Seminole counties.
The median price for bank-owned sales in May was $80,000 and the median for short sales was $102,900, while the median for normal deals was $155,000.
With 2,367 sales in May, the number of closings was down 4 percent from April and 15 percent from May 2010, when the federal tax credit for first-time and certain other home buyers was still stoking sales.
Wayne Weger, an agent with Keene's Pointe Realty in Windermere, said the number of resale properties on the market has shrunk so much in the past year that more home buyers are starting to opt to build. Keene's Pointe, for example, had 80 homes listed for sale this time last year but now has 50.
The number of sales since the beginning of 2011 is identical to the sales total for the same period last year, he noted. Meanwhile, the core Orlando market has a smaller supply of houses listed for sale, based on the current sales rate, than at any time in the past five years. At the current pace, the area has enough houses on the market to last 4.6 months, while six months is considered a healthy supply.
It has also been more than five years since Orlando had so few houses listed for sale: The inventory for May was 10,969, compared with 15,963 a year earlier.
Homes of all types spent an average of 104 days on the market before coming under contract in May 2011, and the average home sold for 94.95 percent of its listing price. In May 2010, those numbers were 83 days and 94.75 percent, respectively.

By Mary Shanklin, Orlando Sentinel

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ABOUT ORLANDO, FL:
Orlando is one of the world's fastest-growing cities. It is among Florida's major cities and is a center for digital media and bio medicine.  The City has the 9th busiest airport in the U.S. and is warm and sunny all year round.

(from http://www.visitorlando.com)