Teena Cobb : Pensacola Beach Homes for Sale, Gulf Breeze Homes for Sale

Foreclosures & Short Sales: Are they the best deals?

Teena Cobb — Mon, 15 Mar 2010 15:42:00 GMT

You've heard that foreclosures and short sales, also known as "distress sales" are the way to go to get ahead in this market. There's a bumper crop of them and you'd like to try your hand at making a profit...you know, buy low, sell high. Maybe you are somewhat handy and think that you can put some work into this little diamond in the rough and then rake in the cash when you sell it. Another term for this is called "flipping". Even if you plan on taking advantage of the current market to get a great deal on a home that you plan on keeping, there's a few myths out there about short sales and foreclosures that need to be de-bunked!

Myth: Short sales and foreclosures are great deals.

Fact: Although you may get a great deal, don't rule out homes that aren't "distress" sales. Sometimes the foreclosures and short sales are in disrepair and will not qualify for certain types of financing.

Fact: Homes that are priced competitively may be a better investment than some short sales or foreclosures. Homes listed as short sales may be priced higher than comparable homes in the same neighborhood because the banks use a percentage of what is owed on the home to determine how low they can go in a short sale. Likewise, a foreclosure may end up being a money pit that you end up spending more than comparables to get it move-in ready.

Fact: Make sure the listing agent on the short sale has already worked with the seller's mortgage company to determine the selling price. This way, the process is not a waste of your valuable time. While you wait to hear about your offer, all the other great deals on homes are being snatched up. When you finally do get an answer, the counter offer is often higher than it was listed for!

So, what's a buyer to do? Work with a Realtor that's experienced in this process and don't rule out homes just because they aren't a short sale or foreclosure. Ask your agent to give you a Market Analysis for homes comparable to the one you're considering! They can be great deals, but don't just assume they are.

There's certainly much more to talk about with respect to distresss sales, but I wanted to address a misconception that I kept hearing over and over. Companies even offer to sell people foreclosure lists! You can search foreclosures and short sales for free on my website, but know your options and work with a Realtor that knows the market and can navigate through the process without costing you time and money!

Santa Rosa Dunes 900 Ft Pickens Rd #612 Pensacola Beach Homes for Sale $275,000

Teena Cobb — Thu, 15 Oct 2009 12:47:00 GMT

Teena Cobb | Cook Realty | 850-501-5875

900 Ft. Pickens Road #612, Pensacola Beach, FL

Gorgeous waterfront view, covered parking and great amenities!

2BR/2.5BA Townhouse

offered at $275,000

Year Built	1981
Sq Footage	1,215
Bedrooms	2
Bathrooms	2 full, 1 partial
Floors	2
Parking	Unspecified
Lot Size	Unspecified
HOA/Maint	$0 per month

DESCRIPTION

Spacious 2BR/2.5BA furnished townhome located directly on Santa Rosa Sound. This development offers an olympic sized pool, fitness room, pier and a FANTASTIC clubhouse with pool table and huge flat screen tv and full sized kitchen - great for entertaining!!! Enjoy beautiful sunsets, waterfront views from your balcony. Each bedroom has it's own private, full bath. The living area allows you to take full advantage of the view. Energy efficient, impact resistant windows and sliding doors were recently installed. Covered parking comes with this unit and plenty of space for your boat/boat trailer are a bonus! Live a life of leisure at Santa Rosa Dunes!

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Walk-in closet
- Tile floor	- Family room	- Breakfast nook
- Refrigerator	- Stove/Oven	- Attic
- Washer	- Dryer	- Laundry area - inside
- Balcony, Deck, or Patio	- Swimming pool

COMMUNITY FEATURES

- Covered parking	- Guest parking	- Clubhouse
- Storage space(s)	- Fitness center	- Swimming pool(s)
- Tennis court(s)

ADDITIONAL PHOTOS

Photo 6	Photo 1
Photo 2	Photo 3
Photo 4	Photo 5

Contact info:

Teena Cobb

Cook Realty

850-501-5875

For sale by agent/broker

Equal Opportunity Housing

Posted: Oct 15, 2009, 3:13am PDT

14 Tristan Way Pensacola Beach Homes for Sale $1,175,000

Teena Cobb — Thu, 15 Oct 2009 12:44:00 GMT

Teena Cobb | Cook Realty | 850-501-5875

14 Tristan Way, Pensacola Beach, FL

WATERFRONT home with fabulous access to the Gulf of Mexico for boaters!

4BR/4BA Single Family House

offered at $1,175,000

Year Built	1996
Sq Footage	3,843
Bedrooms	4
Bathrooms	4 full, 0 partial
Floors	3
Parking	2 Car garage
Lot Size	.20 acres
HOA/Maint	$100 per month

DESCRIPTION

This solid, 3-story, contemporary styled beauty is constructed with concrete pilings. With over 3800 square feet, there's ample room for lots of family and friends. The open floor plan is great for entertaining. There's recessed lighting, all granite counters, a cozy fireplace and 8ft tall Anderson french doors and windows. The luxurious master suite is your own private retreat away from the rest of the world. With his and her walk in closets, separate vanities, walk-in shower and large garden tub, even separate water closets - this home is made to live and let live! An elevator makes access easy on each floor. Each of the additional three bedrooms has it's own bathroom. The laundry room is conveniently located near the master suite. Each Bedroom has a walk-in closet and the kitchen includes a walk-in pantry, an island cooktop and plenty of cabinets. The appliances are all stainless steel and brand new! This is one home you must see! Located in a gated community with only eight homes, amenities include an olympic sized swimming pool, tennis courts and clubhouse.

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Fireplace
- High/Vaulted ceiling	- Walk-in closet	- Tile floor
- Family room	- Dining room	- Dishwasher
- Refrigerator	- Stove/Oven	- Microwave
- Granite countertop	- Stainless steel appliances	- Attic
- Laundry area - inside	- Balcony, Deck, or Patio	- Yard
- Jacuzzi/Whirlpool

COMMUNITY FEATURES

- Garage parking	- Covered parking	- Clubhouse
- Swimming pool(s)	- Tennis court(s)	- Gated property
- Secured entry	- Elevator

ADDITIONAL PHOTOS

14 Tristan Way	Cooktop with downdraft
detail of tumbled stone f	Another view of the great
From Kitchen looking to G	Cook top and hop up bar a
This is really a HUGE kit	Great Room with View
Microwave and wall oven	Dining Room with View
Tub with a view	Master Bedroom
Shower w/dual heads	His vanity
From tub towards Her vani	View of Her Vanity
View from deck off of fam	Waterfront with boatlift

Contact info:

Teena Cobb

Cook Realty

850-501-5875

For sale by agent/broker

Equal Opportunity Housing

Posted: Oct 15, 2009, 3:13am PDT

813 Panferio Drive Pensacola Beach Homes for Sale $349,000

Teena Cobb — Thu, 15 Oct 2009 12:40:00 GMT

Teena Cobb | Cook Realty | 850-501-5875

813 Panferio Drive, Pensacola Beach, FL

Charming 3BR/2.5BA home on Pensacola Beach!

3BR/2.5BA Single Family House

offered at $349,000

Year Built	1974
Sq Footage	2,014
Bedrooms	3
Bathrooms	2 full, 1 partial
Floors	2
Parking	2 Covered spaces
Lot Size	.28 acres
HOA/Maint	$0 per month

DESCRIPTION

Charming 3BR/2.5BA beach house. Neat as a pin, this home has been loved and it shows. The kitchen is bright and cheerful and plenty of room for gathering 'round the bar while cooking. The floor plan is open and spacious, but still feels cozy. There's a sunroom you'll love with an open deck on each side. The master bedroom is spacious and has a sitting area. There's a fireplace off the living area that will warm you and your heart on a chilly evening. There's also a large multi-purpose space that's been finished under the home. Great for entertaining, hobbies, storage or whatever! See this home today. Life IS better at the beach and this one is priced to sell!

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Fireplace
- Tile floor	- Family room	- Living room
- Bonus/Rec room	- Breakfast nook	- Dishwasher
- Stove/Oven	- Microwave	- Attic
- Laundry area - inside	- Balcony, Deck, or Patio	- Yard

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6
Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6
Photo 7	Photo 8
Photo 9	Photo 10
Photo 11	Photo 12

Contact info:

Teena Cobb

Cook Realty

850-501-5875

For sale by agent/broker

Equal Opportunity Housing

Posted: Oct 15, 2009, 3:13am PDT