Destin and Panama City Beach Foreclosures means paying more than full price.

The Foreclosure market is still alive and well in Destin, Panama City Beach , Pensacola and all of the Emerald Coast. However , the one thing to prepare for when attempting to purchase a Foreclosure is you may in fact pay well over list price. This is very difficult for buyers to understand as they feel that if it is listed for a price then why am I having to pay more. In Florida a seller does not have to sell his or her property no matter whether you offer full price or not. In many cases Banks and normal home sellers alike under price property to draw multiple offers. In turn this ultimately sells the distressed property quicker and for more money than it would have brought at a higher list price. This Real Estate market here in Northwest Florida has heated up to levels I have not seen since the boom days of 2004 and 2005. This is a great thing for sellers at the moment and many buyers are sitting on the sidelines thinking what to do next. The fact is now that the cycle of strong sales has started it will continue for the foreseeable future. We still have inventory and we can still get you a great Foreclosure deal. This time frame is closing rapidly to get your home here along the Emerald coast at a discount price and you may very well pay a little more than you would have a year ago. The question you have to ask yourself as a buyer is, what you will have to pay in another year or two. Be prepared to step up to the plate when you find that home you have dreamed of. Please also remember to call the Williams Group for a free list of Foreclosure inventory that ONLY we have and no other Realtor has access to. We will guide you through the process and most likely find you a better home at a better price by dealing directly with the Foreclosure source here in Northwest Florida.

Thomas Williams II
Pelican Real Estate Managing Broker

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