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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 May 28, 2023
6
Listed
62
Avg. DOM
$310.69
Avg. $ / Sq.Ft.
$310,950
Med. List Price
6 Properties
$5,495,000
Neighborhood: Holiday Isle
6
Beds
5
Baths
6,294
Sq.Ft.
1992
Year Built
3
Days on Site
924248
MLS
A rare opportunity for 6,800 square feet of Destin Harbor allure with exceptional views, two boat slips, private pool, and spectacular outdoor living space. This six bed, five bath masterpiece boasts...
$959,900
Neighborhood: Crewilla
4
Beds
3
Baths
3,611
Sq.Ft.
2023
Year Built
32
Days on Site
921996
MLS
This stunning, new construction home is nestled upon nearly three quarters of an acre in the heart of the city - an increasingly rare combination in Fort Walton Beach, Florida! Design elements...
$175,000
Neighborhood: Port Dixie
3
Beds
1
Baths
1,300
Sq.Ft.
1968
Year Built
36
Days on Site
921722
MLS
Located in the ever popular Port Dixie area of Shalimar, this corner lot REO property is ready for an upgrade. Built in 1968, this 3 bedroom 1 bath home has brick exterior, fenced back yard, and...
$329,900
Neighborhood: Century Park West
2
Beds
2
Baths
1,020
Sq.Ft.
1978
Year Built
40
Days on Site
921440
MLS
This REO is a find! Located on the Bay in Destin, this 1st floor condo unit is move in ready and a must see. In the heart of Destin, this 2 bedroom, 2 bath all tiled unit has a large living...
$184,900
Neighborhood: Rolling Pines
3
Beds
2F11/2
Baths
1,562
Sq.Ft.
2006
Year Built
62
Days on Site
919906
MLS
REO and Ready to Roll. This larger 3 bedroom 2 and 1/2 bath home rests in the heart of Crestview. All units in this community were built in the mid 2000's and consist of varying floor plans. The...
$292,000
Neighborhood: Stillwell South
5
Beds
2F11/2
Baths
1,962
Sq.Ft.
2018
Year Built
208
Days on Site
911212
MLS
Property to be sold AS IS. Buyer to verify all pertinent information such as lot dimensions and square footage.

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.