Well, the Fairhope House is back on the market. This is bad news for the people who wanted to buy it and for the sellers, but it is great news for you. Here is why. This is a short sale. That means the sellers accepted an offer and then turned to their original lender on the property to get permission to sell at that offer price.
The lender did an appraisal and decided the property was worth $730,000. So, the buyers were not at that price and walked away. While sad, this gives an incredibly valuable piece of information that you could not get in a normal sale or a foreclosure: the drop-dead, bottom line price. This is a pre-approved sales price!
Now, any buyer can walk in knowing exactly what the buyer’s lender will accept. (If they are lucky, the buyer will get under contract, do an appraisal and might even force the price down further!).
So, please help spread the word. Help us prevent this outstanding property from sitting in the ghostly limbo of foreclosure-land for possibly months. This is an incredible opportunity to own THE FLAGSHIP PROPERTY IN WILLO.
Call me with questions at 602-456-9388.