Sapphire Condo Foreclosures
Yesterday, while viewing the search terms used by Readers who find my blog, I saw one labeled “Sapphire Condominium Foreclosures” and it inspired this post.
Currently, Tax Records show that there aren’t any Foreclosures in Sapphire and active listings show that there aren’t any Short Sale listings in Sapphire.
Closings in Sapphire started in June of 2009. Four very important facts to keep in mind regarding purchases in the current market are:
- Approximately 50% of all Sales are Cash sales
- Buyers who are Financing their purchases are required to meet very strict criteria for Lending and downpayment
- It’s not necessary for property to be a Short Sale or a Foreclosure in order for it to be considered a good deal. There are many great deals that aren’t Short Sales or Foreclosures and Sapphire’s significantly reduced prices are a perfect example of this
- Conditions vary significantly from one Building to the next and it’s incorrect to assume that every Building is in distress
Items #1 and #2 above are helping to create a more stable Real Estate environment with much less risk of future Foreclosure.
As of my 4/9/10 report about Condos sold in Sapphire, sales of 19 Units have been recorded in 2010 alone. Sales are brisk and the Building is very stable.
Click to view full details about Sapphire Condo in Fort Lauderdale, located at 2821 N. Ocean Blvd. and 2831 N. Ocean Blvd.
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