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Olde Naples Condominium Real Estate Sales Report in November 2015

What is a Short Sale? and what are the advantages and disadvantages?  A short sale is when a home is worth less than the amount owed to the lender.  The borrower must get approval from the lender to Short Sale the property.  This is done in alternative to a foreclosure.  The Mike Z Team are real estate experts in the Naples area and are experienced on both sides of a Short Sale.  The greatest advantage to the seller is avoiding a foreclosure which is more damaging to your financial health and credit score.  The greatest advantage to the buyers in most cases is purchasing a home below market value.  On the other side a disadvantage to the buyer is that the owners and ultimately the bank must approve the purchase price which can lead to delays in closing. Check out below to see what condos sold in Olde Naples in November 2015:

GetMedia (2)330 6th St S, Naples:  3+Den, 4 Baths, 4,823 Sqft, 2nd Floor, 2 Car Garage, Sold for $1,950,000 in 306 Days

 

 

 

 

GetMedia (6)236 6th Ave S #11, Naples:  3 Bed, 2 Bath, 1,594 Sqft, 2nd Floor, Sold for $1,075,000 in 255 Days

 

 

 

 

 

Private walkway to your gated delightful hideaway garden and vil465 Broad Ave S #1D, Naples:  2 Bed, 2 Bath, 1,450 Sqft, 1st Floor, Sold for $625,000 in 119 Days

 

 

 

 

GetMedia (8)960 7th St S #204, Naples:  1 Bed, 1 Bath, 544 Sqft, 2nd Floor, Sold for $365,000 in 179 Days

 

 

 

 

GetMedia (10)271 8th Ave S, Naples:  1 Bed, 1 Bath, 580 Sqft, 2nd Floor, Sold for $300,000 in 407 Days

 

 

 

 

GetMedia (11)980 7th Ave S #210, Naples:  1 Bed, 1 Bath, 669 Sqft, 2nd Floor, Sold for $245,000 in 89 Days

 

 

 

For more information on Condo’s in Olde Naples or other Naples Communities contact The Mike Z Team today at 239-325-6490 or mike.zecchino@sothebysrealty.com

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