916 Don Bishop Rd., Santa Rosa Beach Florida - Home for Sale

You've found your playground in paradise in Santa Rosa Beach Florida at this great property at 916 Don Bishop Road!
Contemporary, unique home on one acre lot! Your eyes will light up when you see the setting- on a lovely lake. Splash around in your inground pool. Sit out on cool nights in the huge screened porch or the finished Florida room. The private guest house with its own screened porch and bathroom is a fun retreat for family or teens or you! The owner, a builder, has done wonderful remodeling.
This Santa Rosa Beach home is set behind a black wrought-iron fence away from the road. The kitchen has granite counters. The living room is cathedralled with a wall of windows. Exterior vinyl recently painted. The roof is only two years old with 30-year dimensional shingles. The central air conditioning is new.
There is a shop/shed to left for tools, garden equipment or hobby shop.The public beach is about ten minutes away, and shopping abounds at the Village of Baytowne Wharf, Grand Boulevard, Seaside or Destin Commons. The only thing missing is you!
Offered at $239,900.
It's Wendy!Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.Search All Destin Florida Real EstateDestin Short Sales & Pre Foreclosure Help.Read Destin Real Estate BlogCall toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204Email Wendy to sell your home or buy a home: itswendy@rulnickrealty.comCall Wendy Rulnick, Destin short sale agent, to list and sell your home or condo on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County- Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field. Wendy is a short sale and pre-foreclosure specialist and has been featured in Kiplinger Personal Finance Magazine and Florida Realtor Magazine

Santa Rosa Beach FL - Countrywide Short Sale Success Story

Here is a quick story about a Countrywide short sale in Santa Rosa Beach, Florida. And it has a happy ending.

I have a house listed for sale in the Mack Bayou area for $187,100. The sellers had purchased the home as an investment property but were no longer able to cover the mortgage, as rental rates have decreased on the Emerald Coast. The home needs work- carpet, paint, etc, and has about six tenants living in it. After four months of gently lowering the price, and still no offer, we were sitting below what typical market value might be.

Lucky for us, we got an offer for $185,000! The first time home buyers were SO excited and loved the home. Per my recommendation, and since it was Countrywide, their agent structured the contract for a 120 day short sale approval timeline, the buyers put down earnest money, and we eliminated closing costs we know Countrywide won't usually pay. The package was submitted.

A few weeks later, I found out during my bi-weekly phone call to Countrywide, that the file was "closed" due to "insufficient offer". I was dumbfounded. Yes, the offer was a bit below some of the competition, at about $195,000- $200,000, but not low enough that the file should be "closed" and not even countered. I did two things. I contacted a negotiator who had helped me in the past, and I called the short sale department again. The representative was very helpful, and listened carefully as I explained my bewilderment at the file being closed. She gave me her email address and I sent in my comps indicating the price was not that far off. I sent the same to the negotiator. A few days later, I got a call from Countrywide. They told me the file would be re-opened, and suggested the buyers increase their offer by $5000. We did it.

A couple weeks later, the Countrywide Phase II negotiator told me the offer was still too low, "Could the buyers come up by another $10,000, to match the appraisal?" The buyers said "no". The negotiator said the investor also might require a promissory note, or it would be declined anyway. I told him the couple had no money, were self-employed and barely getting by. I also had their primary residence for sale as a short sale. He said he would submit the package as is and see what the investors would do.

One week later - APPROVED!

In summary, do not give up if you have a strong case. I could have said "OK" when Countrywide told me they closed the file. I could have put the home back on the market, and waited for six months for another offer. The buyers would have lost their home. The sellers may have gone into foreclosure. Countrywide would have gotten even less in the future. So don't let the negotiator close the file or close the door on your sale! Submit a strong offer, one that YOU can justify. Tell them to let the investor decide. You may be pleasantly surprised.

It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.

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