If you’ve always dreamed of buying that Daytona beachside home or condo, NOW is the time. While Florida has always been a highly sought after place to live, now you can truly find a steal if you are looking to buy in the area of Daytona beachside property according to Ramara Garrett of Waverly Property Group. After a couple of years of slow sales, the market is rebounding. Sales were up in the Daytona area 15% over the last two months. The good news is that if you have always wanted to move to the Daytona area or already live here and simple want to stop wasting your money renting , then you can find virtual steals if you know where to look right now. Because the market hit a ceiling about two years ago, property values have stalled and in some cases fallen.

According to Ramara Garrett of Waverly Property Group, one way to get a great deal on beachside property is through a short sale. Unfortunately, Florida has been hit hard with foreclosures and the Daytona Beach area is no exception. As a consequence, many potential homebuyers are buying property through short sales. In short, a short sale is when a mortgage holder (usually the bank) is offered les, sometimes substantially less, for the property than the balance due on the mortgage. This must take place BEFORE the foreclosure is final and both the lender and the owner must agree as the lender does not technically own the property at this point. The advantage to the lender is that they do not have spend the time and money on the complete foreclosure process. The advantage to the owner is that they will not have a foreclosure on their record. The obvious advantage to you, the buyer, is that you may be able to purchase your dream home for considerably less money.

Whether you find a property through a short sale or simply take advantage of the buyers market, your dream home is within your reach. Ramara Garrett and her team at Waverly Property Group can help explain the short sale process in more detail and are ready and waiting to help you find a property that is ideal for you. The team at Waverly Property Group is committed to stick with you throughout the process until they hand you the keys to your beachside dream home or condo.

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