Rosemary Lankawel on How to be a Short Sale Buyer

He who hesitates is lost has never been more true.  It is starting here on Marco Island.  This week, I was attempting to show beach front property to a couple from Chicago Area.  Every single unit they liked and wanted to have a second look at went pending before they could.  As a good Agent, I called the listing Agent of the long researched and well priced property, to ask if these were real offers.

• One of the properties, had a full priced offer, cash, close in less then 30.
• Another one has a mortgage contingency, but has two back up offers, one for several thousand more then the accepted offer!
• One, the buyer has decided he doesn't really want it and is getting 3 offers at more then he paid.

In looking through the history of Real Estate in Southwest Florida, we have seen this trend.  First the Beach and the River Areas on Marco Island, then the same in Naples, then we see it move of the coast.  In the mean time the properties in the other areas of Marco Island start to move and so on up the coast. 

Is the the sign we were looking for?  I do not know, my crystal ball is broken.  But, if we follow the trends of the market, this may be the indicators we were looking for.  NOW IS THE TIME TO BUY!