In Sarasota short sales, the the owner of a property attempts to sell their condo for less than the amount due to their lender. The seller hopes that the bank will accept a lower payoff than the mortgage balance versus the alternative of a bank possibly having to initiate a costly foreclosure in the event the seller stops paying the mortgage altogether.
Sarasota condo short sales are very common due to the market depreciation which occurred from 2005 through 2010. They are abundant, and can offer the buyer an alternative to Sarasota foreclosures. There will be typically less competition for a short sale property as compared to a bank foreclosure property, however there is a reason. Short sales can be lengthy, often times talking several months for a bank to respond to the buyer/seller sales contract. Since the bank must sign off for a lower payoff, the sale between the buyer and seller can not take place until the bank approves the sales price.
For this reason, if a buyer has any type of time constraint for a purchase, I recommend avoiding short sales and focusing on Bank foreclosures or sellers who are not selling in a distressed position.
Feel free to browse Sarasota Condo Short Sales below, and please do not hesitate to contact me when you want to visit one. Short Sale property purchases should be done with the assistance of a Realtor with specialty experience in this area.
Most Recent Sarasota Short Sale Condos For Sale:
Showing properties
1 - 25 of 79.
See more Short Sale Condos In Sarasota.
(all data current as of
5/24/2012)
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$77,000 : MLS # A3960854 in Sarasota2 beds, 2 full baths
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$240,000 : 5407 Napa Dr, Sarasota3 beds, 2 full, 1 part baths
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$105,000 : 6351 Green Oak Cir # 6351, Bradenton3 beds, 2 full baths
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$126,000 : 5160 Northridge Rd # 212, Sarasota3 beds, 2 full baths
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$130,000 : 5360 Hyland Hills Ave # 2623, Sarasota2 beds, 2 full baths
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$129,000 : 1658 Stickney Point Rd # 202, Sarasota2 beds, 2 full baths
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$325,000 : 5855 Midnight Pass Rd # 326, Sarasota2 beds, 2 full baths
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$109,000 : 4065 Crockers Lake Blvd # 24, Sarasota3 beds, 2 full baths
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$109,999 : 2204 Bahia Vista St # D2, Sarasota2 beds, 2 full baths
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$95,000 : 3264 Cross Creek Dr # 3264, Sarasota2 beds, 2 full baths
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$599,900 : 1771 Ringling Blvd # 1007, Sarasota2 beds, 2 full baths
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$95,000 : 6191 Timber Lake Dr # A5, Sarasota2 beds, 1 full bath
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$325,000 : 800 N Tamiami Trl # 1406, Sarasota2 beds, 2 full baths
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$190,000 : 3806 Gulf Of Mexico Dr # 203, Longboat Key2 beds, 2 full baths
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$89,900 : 5701 Bentgrass Dr # 205, Sarasota2 beds, 2 full baths
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$130,000 : 3557 Parkridge Cir. # 14106, Sarasota3 beds, 2 full baths
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$329,000 : 8635 Midnight Pass Rd # 201c, Sarasota2 beds, 2 full baths
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$300,000 : 7515 Botanica Pkwy # 102, Sarasota3 beds, 2 full baths
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$189,000 : 4473 Streamside Ct # 1707, Sarasota2 beds, 2 full baths
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$159,000 : 3789 Parkridge Cir # 3-103, Sarasota3 beds, 2 full, 1 part baths
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$125,000 : MLS # A3958673 in Sarasota2 beds, 2 full baths
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$125,000 : 7134 83rd E Dr # 7134, Bradenton3 beds, 2 full baths
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$109,000 : 5054 Marsh Field Rd # 10, Sarasota2 beds, 2 full baths
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$400,000 : 5841 Gulf Of Mexico Dr # 247, Longboat Key2 beds, 2 full baths
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$135,000 : 7059 Strand Cir # 7059, Bradenton2 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Copyright © 2012 Mid Florida MLS. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Mid Florida MLS. Real estate listings held by brokerage firms other than Sandals Realty are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 5/24/12 6:42 AM PDT.