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Foreclosures in Destin, Miramar Beach, Santa Rosa Beach, and 30a Florida

Foreclosures in Destin, Miramar Beach, Sandestin, and 30a are a way for buyers to take advantage of below-market prices. Foreclosures are typically priced to sell but many times will not be in perfect condition. If you are willing to buy real estate that does not turn key and needs minor to major work, a foreclosure may be right for you. If not, there are other affordable homes for sale on the market.

What to expect with a foreclosure

All foreclosures are not going to be in poor condition but many will be. When you see a foreclosure property in Destin, Miramar Beach, Sandestin, and 30a that is priced low you need to be prepared to make an offer quickly. Typically the bank prices distressed and foreclosed properties below market value to attract attention very fast.

It is a very common situation to have multiple offers of foreclosures. To avoid this situation be ready to buy when you find a good deal. You will need a pre-approval letter from the bank for financing or proof of funds for paying cash.

All area foreclosures and short sales October 23, 2021
5
Listed
53
Avg. DOM
$153.44
Avg. $ / Sq.Ft.
$210,000
Med. List Price
5 Properties
3
Beds
2
Baths
1,312
Sq.Ft.
1956
Year Built
4
Days on Site
884207
MLS
Nestled in the country and waiting for you, this REO home is a must see to appreciate! This 3 bedroom 2 bath 1312 square foot home rests on just over 3/4 acres of an acre and though built in 1956,...
$234,900
Subdivision: Riverchase S/D Ph 3
3
Beds
2
Baths
1,560
Sq.Ft.
2002
Year Built
31
Days on Site
882422
MLS
Located just a few mins from interstate access, shopping, and a short drive to Duke Field, this REO home just might be right up your alley. Built in 2002, this all brick 3 bedroom 2 bath split...
Open 10/23
2144 Palmetto Lake Drive Navarre, FL 32566
$749,900
Subdivision: Palmetto Lake Preser
4
Beds
3F11/2
Baths
3,168
Sq.Ft.
2021
Year Built
37
Days on Site
881872
MLS
Located in the top rated school district of Navarre and desirable gated water front neighborhood of Palmetto Lake.. This 4 bedroom 3.5 bathroom home is perfect for entertaining with a large covered...
$164,000
Subdivision: Bryn Mawr Park 1St Addn
3
Beds
2
Baths
1,349
Sq.Ft.
1962
Year Built
81
Days on Site
878615
MLS
Back on the market! Investment Opportunity perfect for your next flip. Plenty of space with this corner lot location. Fireplace in den is capped off not being used. Split floorplan does need work but...
$210,000
Subdivision: Jean Lea T/H
2
Beds
1F11/2
Baths
1,203
Sq.Ft.
2006
Year Built
115
Days on Site
875817
MLS
Short Sale. Great location, near to Eglin military base. Location close to shopping, beaches, parks on the water, school, college, airport. You have everything near by! Granite Countertops,. Single...

Find a foreclosure realtor

Start working with a Destin area Realtor now and be educated on the real estate market. Danny Margagliano has negotiated dozens of short sales and foreclosures with numerous different banks. If you’re looking for the highest qualified real estate agent look no further. Danny Margagliano is also a Certified Distressed Property Expert. His extensive training will give you the peace of mind knowing that you’re in good hands.

What to do with multiple offers on a home?

When a foreclosure property gets multiple offers the bank will typically ask all parties or potential buys involved to submit a “best and final” offer. This is not a bidding war but one last chance to change your offer price. When this happens most of the time the final price will be over the original list price but still be under market value. The bank that owns the foreclosed real estate will review all of the offers and take the most attractive.

Best way to get a deal on a foreclosure

Cash offers on foreclosures will be more favorable to banks than those that are financed. Once an offer is accepted by the bank closing will typically be within 30 days. For more information on Miramar Beach, Sandestin, and 30a foreclosures call Danny Margagliano at 850-830-4747.