Buy a Jupiter short sale oceanfront condo

view of ocean water from condo balconyYou can buy a Jupiter short sale oceanfront condo if you have a little time and  some patience.  Short sales are not always easy to get, but when you do, it’s worth the effort. This is a great time to finally have that oceanfront condo you always wanted.  If you are searching for a Jupiter short sale oceanfront condo, contact your local Jupiter real estate agent, David Paul at 561-214-1734. 

What is the process of purchasing a Jupiter short sale oceanfront condo?

The first step for purchasing a Jupiter short sale oceanfront condo is putting in an offer to the seller.  If the seller accepts your offer, it will be submitted to the bank for approval.  The bank often takes the highest and best offer, so the bid has to be realistic.  You want to make an offer that will beat the competition but still be below market.  An experienced realtor will provide the bank with a list of comparable sales of other Jupiter oceanfront condos to support your offer.  The bank can take up to 4 months to accept the offer.  If you need more information on short sales you can find more information here.  Here are a few that are on the market now.

If you are interested in any of these Jupiter short sale oceanfront condos, call your local Jupiter real estate agent, David Paul at 561-214-1734

What are the benefits of purchasing a Jupiter short sale oceanfront condo?

The benefits of purchasing a Jupiter short sale oceanfront condo is low pricing.  The bank can accept a lower price on a property because they do not have to pay for repairs or maintenance of the condo.  The price may be excellent, but sometimes there are repairs to be made.  Another benefit is favorable financing terms.  The lender may offer low interest rates just to get the property sold.  A third benefit of purchasing a short sale is the cooperation from the homeowner.  Unlike a foreclosure where the homeowner is disgruntled and may cause damage, a short sale generally has a seller that is eager to complete the sale.