Another trend in the Naples Real Estate Market is investing in approved short sale homes. An advertised approved short sale is a short sale that has already gone through the negotiation process with the bank and there is a short window of time, usually 30 days for it to be closed.
The asking price for an approved short sale is usually below any comparables due to the fact that the BPO might have been done well prior to the approval and the market has since picked up. Most buyers of approved short sales are cash buyers.
An offer below the approved short sale price will not be accepted within the 30 days window of time. This would trigger the opening of another negotiation.
Approved Naples short sale homes have become a great investment opportunity not only because of the reduced prices but because they eliminate the uncertainty of the traditional short sales.
Check out the newest Short Sales in Naples below !