Properties, Houses and Condos for Sale in St Petersburg Treasure Island Florida

The most important thing when facing a possible Short Sale in St. Petersburg is ACT, don’t wait! There are a few  other factors why NOW is the time to list your home:

Our season is around the corner.

Inventory is extremely low right, which means fewer homes to compete against.

We are dealing with a lot of international buyers and the exchange rate is beneficial for most of them right now.

We go above and beyond to advertise our listings, that you will receive great exposure for your listing.

Our experience shows, that most buyers are still looking for “financially distressed” properties, because they think those homes, are a better buy and don’t mind the long wait.

During the last few years, we were able to help countless home owners that faced the same Short sale situation you are currently in. It doesn’t matter, if you are living in a multimillion dollar water front home or a small home in a residential neighborhood. Hardship doesn’t discriminate. Our goal is to assist you in moving on and getting “the monkey of your back”.

We understand that this is a difficult time. Nobody plans losing their job, their spouse,  getting sick,  or whatever your circumstances may be.  

Don’t wait! Call us today! 727 410 7777   Short Sale in St. Petersburg

St Petersburg Short Sales
Are you upside down on your home?

Have you suffered hardship, such as loss of a job, a divorce, etc?

Therefore have financial hardship?

There is NO SHAME in it!

Loan modification not working out?

Time is of the essence! CALL US TODAY!

727-410-7777

 

 

Short Sales are going to be part of the Real Estate landscape for a while for various reasons. What is the benefit of a Short Sale? Your credit! If you are declaring bankruptcy and are walking away from your financial obligations, your credit will be ruined.

If you have reached out to your lender and a loan modification is not going to work, a Short Sale might be the answer to your problems. Perhaps your Bank already advised you to hire a Short sale Realtor to begin a Short Sale.

We have been helping home owners for the past 4 years to get out from under the burden of a home, they unfortunately no longer can afford and have suffered a hardship.

Please do not wait to contact us for a free, no strings attached consultation.  If you have questions, how the process works, if you qualify for a Short Sale and to discuss your personal circumstances, call us! We are here for you.

We are working hand in hand with an Attorney, who will negotiate the Short Sale on your behalf! No worries, the Attorney is working based on success in negotiating your Short Sale and will be paid as a part of the settlement statement. There are No Attorney fees you will have to pay!

St Petersburg Short Sales

 

Here is another great service the city of St. Pete has to offer. Homeowners that are struggling with mortgage and loan problems and facing possible foreclosure are invited to a free Short Sale - Foreclosure Forum on Saturday, August 27 from 9:30 a.m. to 3:30 p.m. at the St. Petersburg Coliseum, 535 Fourth Ave. N. Presented by the St. Pete Bar and the city, this free information session is designed to answer questions homeowners have about the foreclosure process. Lenders and legal experts will be on hand to provide on-the-spot assistance. Act now before it's too late. For information and assistance, visit www.residentialmortgageforeclosure.com  This is a great event  for homeowners that want information about St. Petersburg Short Sales.

St. Petersburg  Short Sales and Foreclosures and mortgage problems

Short Sales in St. Petersburg Tampabay, mistakes homeowners make.

Understandably a lot of homeowners get very frustrated when they can not make their mortgage payments anymore. As a result of this they often “let the house go” as in not repairing things, not taking care of the yard, not maintaining the pool etc. I know that it is a difficult time to go through a Short Sale but please keep in mind, you still want to sell your home and need a buyer that is attracted to it. Buyers are less likely to make low ball offers if the house is in good shape. Talk to your Short Sale Realtor, he or she will point out the important things to you.  Short Sales in St. Petersburg Tampabay, mistakes homeowners make.

 

St. Petersburg Pinellas County, first mistake homeowners make when doing a Short Sale

 

A lot of sellers wait way too long before they start the Short Sale process here in St. Petersburg Pinellas County. Keep in mind, the bank is not waiting forever to start your foreclosure process. The moment you realize that you won’t be able to make your mortgage payments anymore, do 2 things. A - Call your local Short Sale Realtor and get a free, no strings attached consultation and a comparable market analysis. This is very important, you need to know how the Short Sale process works and you need to know what to expect.

 

B – Call your bank and see if you qualify for a loan modification.

 

I understand that we all think, it is going to get better soon, I am just having difficulties this month, I will be ok next month. etc. Nobody wants to do a Short Sale, it is against all the values we grew up with BUT look around, you are not the only one here in Pinellas County St Petersburg. A lot of people are in the same situation and really do not have a choice. Pick up the phone today and get started, you will feel much better after you have talked to your Short sale Realtor.

 

Awesome waterfront Short Sale deal on Dolphine drive in Treasure Island.

Waterfront single family home with 3 bedroom, 2.5 bath over 2600 square feet. Great water views, great location, boaters paradise, right on the intralcoastal waterway, close to Blind Pass and only minutes to Johns Pass. Outside need a little work, inside is updated. The asking price is $449,900. This is a great deal for Paradise Island. Check it out, this might just be the home and the price you have been waiting for.

Awesome waterfront Short Sale deal on Dolphine drive in Treasure Island

Here is a questions we got on “Short Sales”

I assume that this is a property that the bank has taken back and they want a quick sale to recoup losses as soon as possible – Is that correct?

Thank you for your inquiry about Treasure Island St. Petersburg Short sales.

The term “Short Sale” is really misleading for a lot of people. It is not because it is a quick sale and the banks want to recoup their losses quickly the opposite is the case, but I’ll explain a little later. Quite the opposite, St Petersburg Short Sales as well as all others will take an average from a buyer making an offer to closing approx. 3 to 8 month.  

It is a “Short Sale” because the Lender will be  “shortening” the amount that is owed. For example, somebody purchased a home and like many of us is now faced with the fact, that his mortgage is higher than what his/her home is worth right now. On top of it, he or she suffered hardship (divorce, loss of job, loss of income) and now can no longer make the payment on the mortgage. S

o a “regular” sale is out, since most people don’t have the money to bring to the closing table. Hanging on to house until the market comes back is not an option as well, since they are falling behind in their mortgage payments. That is when “Short Sales” come into play. The owner will contact an experienced Short Sale Agent here in St. Petersburg, and list the home asap.  

The Real Estate Agent will price the house according to the market value and advertises it as a possible short sale. Once you have a buyer for the home, and you are under contract, the negotiation with the lender starts. As mentioned before, from the time you submit the contract to the Lender until it actually closes, it will be anywhere from 3 to 8 months. You must have some sort of “hard ship” in order to qualify for a Short Sale. The outcome of short sales can differ from case to case. Some Lender forgive remaining balances, some don’t. Some owners have multiple mortgages, which means 2 or 3 Lenders have to agree to the sale. At the end, the owner has to accept the Lenders terms and conditions as well. It is a difficult, long drawn out process and most likely will be negotiated by Attorneys (at least on our short sale properties).

To your question of example from our recent sales to show you the value of a short sale. The value for a short sale is, that you “might” be able to obtain the property for a little less than a regular sale. When we are looking at our  St. Petersburg  Short Sale and regular sales with realistic and motivated owners, that are not upside down, you will see that you will pay the same amount. That is because, ALL Lenders before finalizing the negotiations, are sending out Appraisers or Brokers, for a “BPO”. The BPO is a Brokers Price Opinion, which determines today’s market value.

That is the amount the Lenders are using in order to determine their “bottom line”. For example: We listed a Townhouse in Seminole Isle for $199,000. 2 contracts later and close 8 month later, we closed on the property for $212,000. There are all kinds of deals out there, but not all of the short sales are good deals. You can find those with regular listings or bank owned properties as well.

Please let us know, what it is you are looking for, we will be able to assist you in finding the right one here in Treasure Island - St. Petersburg.

 

Treasure Island, Short Sale at the Venetian beach front condo.

The Venetian is a direct Gulf front building with only 5 units and each on its own floor.  This is a high end luxury condo in Treasure Island.

The floor plan is open and spacious with an additional 1,260 sq. ft. of balconies overlooking the beach, Gulf of Mexico and the lights of Treasure Island. 

The master suite is enormous with huge walk in closet, a spa like master bath, and master retreat/study. 

Gourmet kitchen has exotic granite counter tops, wood cabinetry, and top-of-the-line appliances. 

The community offers a beach side pool and waterfall fountain. 

This condo in the Venetian has its own private elevator entrance and a private two car garage. 

Incredible location in Treasure Island walking distance to restaurants, shopping, and John's Pass Village. 

Don't miss this Short sale opportunity, it is awesome.

Treasure Island, Short Sale at the Venetian beach front condo.

 

Update on Short Sales, REO, bank owned and foreclosure properties in zip code 33706 Treasure Island St. Pete Beach

Right now we have 59 active listings on the market for sale that are either Short Sales or Foreclosures.

 47 properties are under contract and supposed to close soon and

89 have sold already this year. This make a total of 195 financially distressed properties and the year is only half way over. The lowest sale price so far was 49,000 and the highest sales price this year for Short sales and Foreclosures was $825,000. There are some very interesting deals in the active listings when it comes to waterfront homes and condos here in St. Pete Beach Treasure Island. This was my quick Update on Short Sales, REO, bank owned and foreclosure properties in zip code 33706 Treasure Island St. Pete Beach. Please call or  email if you need more information or want to see some of these deals

 

We finally got approval from the bank on a Short Sale deal here in St. Petersburg.

Everybody is very happy, we worked very hard on it and now the ball is in the buyer's court. He needs to make a deposit, needs to make the application for his mortgage, schedule the inspections etc. Nothing is happing. The buyer's agent does not seem to understand that NOW time is of the essence. The buyer waited so long for this deal and now he could lose it just because his agent doesn't understand Short Sales. I am a single agent for the seller and in the seller's best interest we might have to terminate the contract today and put the house back on the market. It will go fast since the price is incredibly low and we can advertise it as an approved Short Sale. Wonder what the first buyer will say when this happens. Wonder when his realtor will wake up (if ever)

Short Sales in Treasure Island Fl

Just had an interesting phone call from a buyer that was looking for a waterfront Short Sale home in Treasure Island but thought he would not find anything. He was under the impression that only small , inexpensive homes off the water would go into a short sale situation. Well that is not true. We have a lot of waterfront condos and waterfront homes in Treasure Island that are Short Sales. I have not checked the statistics but I think the new Short Sale listings are getting less and less along the beaches but we still have them. As of this morning we have 33 Short Sale listings in Treasure Island, starting at $68,000 for a 400 square feet waterfront condo  all the way to  3800 sf. waterfront home for $1,280,000 Treasure Island might have less Short Sales than a year ago but we still have them. Short Sales in Treasure Island Fl

Short Sales in St. Petersburg Florida

Short Sales in Treasure Island Fl

Just had an interesting phone call from a buyer that was looking for a waterfront Short Sale home in Treasure Island but thought he would not find anything. He was under the impression that only small , inexpensive homes off the water would go into a short sale situation. Well that is not true. We have a lot of waterfront condos and waterfront homes in Treasure Island that are Short Sales. I have not checked the statistics but I think the new Short Sale listings are getting less and less along the beaches but we still have them. As of this morning we have 33 Short Sale listings in Treasure Island, starting at $68,000 for a 400 square feet waterfront condo  all the way to  3800 sf. waterfront home for $1,280,000 Treasure Island might have less Short Sales than a year ago but we still have them.

Short Sales in Treasure Island Fl

Check out the map below to see Short Sales, Bank owned and foreclosure properties in St. Pete beach. Short Sales, Foreclosures and Bank owned homes and condos in St. Pete Beach

Short sale single family home for sale Saint Petersburg Short sale single family home for sale Saint Petersburg

Short Sale, Townhome in Island way St. Pete for sale Short Sale, Townhome in Island way St. Pete for sale

 Closed Short Sales, Pre foreclosure and bank owned properties in Madeira Beach and Redington

"Short Sales are a disaster and they never close" I hear this a lot from people that look for properties here in our Madeira Beach, Redington area. I admit, Short Sales or pre foreclosure properties are a different ball game and it can be a long way to closing BUT it can be done. If you are a buyer or a seller, the most important thing is to find a Realtor that has experience in Short Sales. Below is a list of distressed properties along Madeira beach and Redington that HAVE sold this year already.

Give me a call if you want to sell you home or want to buy a Short Sale property and I will be happy to explain the process. If a Short Sale is done right, it is not a drama and in the end both, the seller and the buyer, got a good deal.

#	Sale Date	Area	Address	Subdivision	WF	Pool	Prop Code	Sq Ft	BR	Full Baths	List Price	Sold Price
1	04/29/2010	373	120 146th Ave E # D	Sunny Shores	N	N	TOWNH	480	1	1	$37,900	$41,000
2	03/08/2010	373	16333 Gulf Blvd # 101	Royal Orleans Pinell	N	Y	CHOTL	425	1	1	$65,000	$60,000
3	03/25/2010	373	16333 Gulf Blvd # 117	Royal Orleans Pinell	N	Y	CONDO	495	2	2	$67,500	$63,000
4	04/26/2010	373	14715 Gulf Blvd # 9	Palm Madeira Resort	N	N	CONDO	440	1	1	$79,000	$70,000
5	02/12/2010	373	17250 Gulf Blvd # 21	Sea Rocket Motel Coo	Y	N	CONDO	270	1	1	$82,900	$81,000
6	07/29/2010	373	14220 Bayshore Dr # C3	Casa Keys Condo	N	N	CONDO	960	2	1	$87,900	$84,500
7	01/15/2010	373	424 BAYSHORE DR S	GULF SHORES 4TH ADD	N	N	SINGL	830	2	1	$104,000	$100,000
8	02/22/2010	373	275 Medallion Blvd # G	Madeira Beach Yacht	Y	Y	CONDO	915	2	1	$139,900	$150,500
9	01/22/2010	373	17250 Gulf Blvd # 30	Sea Rocket Condo	Y	N	CONDO	450	1	1	$140,000	$125,000
10	01/18/2010	373	16205 3rd St E	Redington Beach	N	N	SINGL	1,377	3	1	$141,150	$125,000
11	03/19/2010	373	303 Rex Pl # 5	Madeira Beach Yacht	Y	Y	CONDO	1,040	2	1	$149,000	$140,000
12	06/28/2010	373	13999 GULF BLVD # 305	SKYLINE OF MADEIRA C	Y	Y	CONDO	880	2	2	$159,900	$145,000
13	04/12/2010	373	13116 Boca Ciega Ave	Pages Rep	N	N	SINGL	1,701	3	2	$159,990	$149,000
14	05/10/2010	373	13999 Gulf Blvd # 406	Skyline Madeira Cond	Y	Y	CHOTL	890	2	2	$160,000	$160,000
15	06/30/2010	373	13235 Gulf Blvd # 212	Madeira Bay Resort	Y	Y	CHOTL	1,020	2	2	$180,000	$163,500
16	07/02/2010	373	13235 GULF BLVD # 610	MADEIRA BAY RESORT I	Y	N	CONDO	970	2	2	$189,000	$220,000
17	05/26/2010	373	102 162nd Ave	Redington Beach Home	N	N	SINGL	2,147	4	4	$200,000	$182,000
18	03/26/2010	373	13411 Boca Ciega Ave	Pages Rep	Y	N	SINGL	1,290	2	2	$217,800	$215,000
19	01/21/2010	373	17073 Dolphin Dr	North Redington	Y	N	SINGL	1,292	2	2	$289,900	$310,000
20	07/16/2010	373	496 Crystal Dr	Crystal Island	Y	N	SINGL	1,050	2	2	$289,900	$290,000
21	05/06/2010	373	163 Bath Club Cir	Tides Village	N	Y	VILLA	1,809	3	2	$297,000	$294,000
22	06/14/2010	373	17553 2nd St E	Harbor Shores Add 05	Y	Y	SINGL	1,529	3	2	$299,900	$250,000
23	07/06/2010	373	576 182nd Ave E	Surfside 04	Y	N	SINGL	1,300	3	2	$299,900	$300,000
24	06/23/2010	373	333 Madeira Ave	North Madeira Shores	Y	N	SINGL	1,438	3	2	$305,000	$305,000
25	04/23/2010	373	41 Dolphin Dr	Paradise Island Add	Y	N	SINGL	1,869	3	2	$319,900	$320,000
26	07/27/2010	373	524 Lillian Dr	Crystal Island Add 0	Y	N	SINGL	1,315	2	2	$325,000	$325,000
27	04/07/2010	373	17500 Gulf Blvd # #101	Sea Oats Condo	Y	Y	CONDO	1,340	2	2	$329,000	$320,000
28	03/15/2010	373	17715 Gulf Blvd # 403	Redington Shores YTC	Y	Y	CONDO	2,000	3	3	$329,900	$329,900
29	04/08/2010	373	423 150th Ave # 1503	Snug Harbor Condo	Y	Y	CONDO	1,505	2	2	$330,000	$302,000
30	05/13/2010	373	966 182nd Ave E	Surfside 04	N	N	SINGL	2,112	3	3	$333,900	$341,000
31	04/27/2010	373	527 Crystal Dr	Crystal Island	Y	N	SINGL	1,360	3	2	$335,000	$324,000
32	01/22/2010	373	553 Lillian Dr	Crystal Island Add 0	Y	N	SINGL	1,601	3	2	$340,000	$350,000
33	03/05/2010	373	15316 Gulf Blvd # 803	Madeira Towers Condo	Y	Y	CONDO	1,265	2	2	$342,800	$351,500
34	06/23/2010	373	13720 Gulf Blvd # 508	Villa Madeira Condo	Y	Y	CONDO	1,130	3	2	$345,000	$352,000
35	01/15/2010	373	106 Wall St	Harbor Shores Add 04	Y	N	SINGL	1,919	3	2	$347,900	$358,000
36	01/19/2010	373	14227 Parsley Dr E	Gulf Shores Add 06	Y	N	SINGL	1,598	3	2	$349,000	$320,000
37	04/06/2010	373	15433 2ND ST	LONE PALM BEACH 4TH	Y	Y	SINGL	1,446	2	2	$350,000	$300,000
38	05/04/2010	373	17735 GULF BLVD # 204	REDINGTON SHORES	Y	Y	CONDO	1,995	3	3	$360,000	$365,500
39	06/25/2010	373	17715 Gulf BLVD # 204	REDINGTON SHORES	Y	Y	CONDO	2,000	3	3	$365,000	$362,500
40	02/01/2010	373	411 161 Ave	Redington Beach	Y	N	SINGL	1,852	3	3	$367,900	$367,900
41	04/14/2010	373	17200 GULF BLVD # 304	RAM SEA I	Y	Y	CONDO	1,205	2	2	$369,000	$374,000
42	04/08/2010	373	17717 Gulf BLVD # 201	REDINGTON SHORES	Y	Y	CONDO	2,000	3	3	$369,000	$360,000
43	03/30/2010	373	17735 Gulf Blvd # 504	Las Brisas Condo	Y	Y	CONDO	1,995	3	3	$380,000	$401,500
44	02/08/2010	373	17715 Gulf BLVD # 304	REDINGTON SHORES	Y	Y	CONDO	2,000	3	3	$385,000	$375,000
45	06/09/2010	373	17717 GULF BLVD # 203	REDINGTON SHORES YAC	Y	N	CONDO	1,995	3	3	$395,000	$360,500
46	03/10/2010	373	562 Crystal Dr	Crystal Island	Y	N	SINGL	1,529	2	2	$399,000	$340,000
47	03/17/2010	373	17715 Gulf Blvd # 303	Redington Shores YTC	Y	Y	CONDO	1,995	3	3	$399,900	$375,000
48	06/18/2010	373	801 Bay Point Dr NE	Bay Point Estates Ad	Y	N	SINGL	2,749	4	3	$423,900	$434,250
49	01/15/2010	373	15316 GULF BLVD # 901	MADEIRA TOWERS CONDO	Y	Y	CONDO	1,625	3	2	$425,000	$415,000
50	06/25/2010	373	150 175TH AVENUE	GAY SHORES	N	N	TOWNH	2,500	3	3	$425,000	$405,000
51	07/27/2010	373	17140 Gulf Blvd # 313	Ram Sea Condo 02	Y	Y	CONDO	1,445	3	2	$480,000	$430,000
52	01/21/2010	373	526 173rd Ave E	Sunray Beach Homes	Y	Y	SINGL	1,501	2	2	$499,000	$418,000
53	06/30/2010	373	909 Bay Point Dr	Bay Point Estates Ad	Y	Y	SINGL	1,860	3	3	$545,000	$485,000
54	01/29/2010	373	102 WIMBLEDON CT	REDINGTON SHORES YAC	N	N	SINGL	2,999	3	2	$549,950	$528,500
55	04/29/2010	373	17854 Lee Ave # 201	On Beach Apt Condo	Y	Y	CONDO	1,890	2	2	$550,000	$465,000
56	03/24/2010	373	13910 Gulf Blvd # 104	Mediterranean Medeir	Y	Y	CONDO	2,060	3	3	$634,838	$550,000
57	05/28/2010	373	17720 Gulf Blvd # A702	La Vistana Condo	Y	Y	CONDO	1,845	3	3	$657,900	$660,151
58	02/08/2010	373	17328 Kennedy Dr	Sunray Beach Homes	Y	Y	SINGL	2,360	3	3	$672,600	$650,000
59	04/12/2010	373	13013 Boca Ciega Ave	Pages Rep	Y	Y	SINGL	2,455	3	2	$699,900	$560,000
60	07/26/2010	373	17720 Gulf Blvd. # 404A	La Vistana	Y	Y	CONDO	1,821	3	3	$749,000	$645,000
61	07/06/2010	373	15208 Gulf Blvd # 406	Sereno condo	Y	N	CONDO	2,760	3	3	$849,900	$815,000
62	07/20/2010	373	15701 Redington Drive	Lone Palm Beach	Y	Y	SINGL	3,301	4	4	$1,289,000	$1,000,000

 Data taken from Suncoast MLS

Closed Short Sales, Pre foreclosure and bank owned properties in Madeira Beach and Redington