Beachfront Short Sale at Silver Shells Condo
Silver Shells Resort unit 605. You will have great gulf and pool views from this unit being offered as a short sale. Private balcony. Many upgrades. Silver Shells Condo is beachfront and has many amenities. Call Danny Margagliano at 850-830-4747 to schedule a showing or get more information on Silver Shells Resort unit #605.
This short sale at Silver Shells unit 605 has sold
Take this opportunity to look at all the available condos for sale in one of Destin’s most popular gated beachfront resorts. There have not been many short sales at Silver Shells Resort since around 2012. Since then the Destin real estate market has been increasing in value substantially.
What is a short sale? .
A short sale can take place when the owner of a property wants to avoid foreclosure. There has to be a few circumstances met with the property owner to qualify for a short sale. First, the owner of the condo or home must owe more money than the property can be sold for. Secondly, the owner must have some type of financial or personal issue that is different from when they first purchased the property. Furthermore, they must prove why they were able to pay their mortgage and why they cannot now.
If a primary resident or someone with an investment property can prove these two things they can sell the property for less than they owe. It still needs to be fair market value. Finally, the bank may then forgive the difference of what they owe in relation to what the property sells for.
There are not many short sales available
Unfortunately, the time is past when he could pick up a distressed property that is goal front for $200,000. The good news is the real estate market is still strong from Destin to Miramar Beach and Santa Rosa Beach. Whether you want to buy a rental restricted condo or you want an investment property Silver shells resort as a condo building that will suit your needs.