Wellington Florida Short Sale for Sale
View all of the short sales for sale in Wellington Florida, including single-family homes, townhomes, villas, condos, luxury estate homes, equestrian estates, and active adult 55+ homes. With our home search, you will be able to search short sales for sale by the number of bedrooms, bathrooms, square footage, subdivision, and so many more options.
Find all short sales for sale in Wellington Florida by using our interactive map above, which is updated with new listings every 15 minutes. You can use filters to narrow down your home search by price, the number of bedrooms and square footage to find homes that fit your criteria.
If you find a Wellington Florida short sale that you like, but have questions about the home, neighborhood, or area we are here to help! Our team of experienced Realtors doesn't just open doors, we will guide you through the entire home buying process too.
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What is a Short Sale?
“Wellington Florida Short Sale” is a term that has been commonplace for years, but it's still not uncommon for people to understand and know what a short sale is. So let's discuss!
A short sale is when a seller owes more on their home than it will sell for in today’s real estate market, so they ask their lienholder(s) to accept less than what they owe them.
Unlike a bank-owned home a short sale seller still owns the property, so a buyer will present and negotiate an offer with the seller, not the lienholder(s). After the seller and buyer reach an agreement the seller will then submit the executed contract along with their short sale package for approval by the lienholder(s). The short sale itself is a seller contingency, this means the contract price, terms and conditions are subject to all third-party lienholder(s) approval.
Both buyer and seller need to keep in mind just because they came to terms doesn't mean the seller's lienholder(s) are going to accept those terms. All lienholder(s) are different; some will approve a short sale with or without conditions while some may not agree to a short sale at all. If a short sale approval has conditions, the seller must agree to those conditions. Sometimes they may require the seller to contribute $5,000 towards closing. If the seller doesn't have the funds, this obviously won't be an option. Therefore, the seller wouldn't be able to agree to the short sale approval terms.
The short sale approval or denial process can take several months, even over a year. Typically the more lienholder(s) the longer the process will take. So if you plan on buying a short sale you'll need to be flexible and willing to wait. All parties involved need to have patience and the seller needs to make sure to hire an experienced Wellington short sale agent who has excellent communication and negotiation skills. Sometimes the listing agent can mean the difference between receiving an approval or denial letter.
Don't hesitate to call us at (561) 333-0446, or complete the following form for assistance with your home search in Wellington Florida or the surrounding area.
For the most up-to-date information on short sales for sale in Wellington Florida we urge you to contact us. We can assist you with all aspects of buying, selling, or renting real property, including mansions, luxury estates, and high-end homes in Wellington Florida along with other communities in Wellington Florida. Also, ask to be placed on an instant notification system so you'll be notified by e-mail when any new MLS listings come onto the market or has a price reduction.
Hansen Real Estate Group Inc. can also assist buyers in all forms of Wellington relocation needs including new construction houses, condos, villas, townhomes, townhouses, for sale by owner, and new homes in various subdivisions across the Wellington area. If you are interested in foreclosure homes including pre-foreclosures, short sales, REO properties, bank-owned properties, and other types of foreclosure properties we can assist you. If you're searching for Wellington FL foreclosures we invite you to view listings in this or any other popular areas on our site. You can also search for Wellington FL Short Sales along with traditional condos, townhomes, and homes for sale in the Wellington area.
Information on this page is based on information on Short Sales for Sale in Wellington Florida per the Beaches MLS and is deemed reliable, but not guaranteed.
Michelle Gibson of the Hansen Real Estate Group Inc is a full-time REALTOR who has been specializing in Wellington Florida real estate since 2001. This veteran of the real estate industry has expertise in technology, marketing, and social media.