A Seawind Condos Newport Beach Condo has just been listed by Newport Beach Real Estate agent Sam Smith for $375,000. The condo is located in the Seawind Condos Condo Complex in the Newport Heights area of Newport Beach, California.
Online PR News – 09-December-2011 – – A Seawind Condos Newport Beach Condo has just been listed for $375,000 as a short sale listing. The condo is located in the Seawind Condos Condo Complex in the Newport Heights area of Newport Beach, California. The Newport Heights area is well known for having condos in the $300,000 range and provide excellent opportunities for buyers looking to live in the heart of Newport Beach.
The Newport Beach Real Estate market has seen a rebound in the last year and home buyers are realizing that now is the time to buy at the bottom of the market. Newport Beach homes buyers are realizing that we have hit the bottom of the market and are buying properties while prices are still low. This condo is currently listed as a short sale. Newport Beach Short Sales have been increasing in recent years and is a process where the current owner of the property is in financial hardship and owes more to the bank than what it is worth. The process begins with listing the home on the market and marketing for offers. Once an offer has been received it is accepted by the homeowner as a valid offer and sent to the bank for review and approval. The bank reviews the offer and does their own internal appraisal on the property. If they feel like the offer meets current market value range they will accept the buyers offer and open escrow. In California, this short sale process can take anywhere from 2-6 months depending on the bank and the number of outstanding loans there are on the property. The Sam Smith Team specializes in Short Sales and knows the short sale process very well.
About The Sam Smith Team: The Sam Smith Team is a collection of luxury real estate agents that work in the Beach Cities communities of Newport Beach, Newport Coast & Corona Del Mar. They understand the local Newport Beach Real Estate market and help clients looking to buy & sell in the Newport Beach area. If you are looking to sell your Newport Beach home then please contact the Sam Smith Team today for a free consultation of your home.