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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 26, 2022
5
Listed
20
Avg. DOM
$265.63
Avg. $ / Sq.Ft.
$599,000
Med. List Price
5 Properties
4
Beds
3
Baths
3,340
Sq.Ft.
1999
Year Built
5
Days on Site
899145
MLS
Gorgeous waterfront property on Deerpoint Lake. Almost 11 acres with a pond and 350 ft on the lake. Gated entrance leads down a paved driveway, past the workshop with carport and pond with dock, to...
$299,900
Neighborhood: Quail Hollow T/H
3
Beds
2
Baths
1,375
Sq.Ft.
2005
Year Built
6
Days on Site
899097
MLS
Wow factor is effect for the renovated 2005 REO home centrally located Townhome. In the heart of Destin, this home has 3 bedrooms and 2 full baths. Master bedroom is downstairs as well as an a full...
$169,900
Neighborhood: Bryn Mawr Park 1St Addn
3
Beds
2
Baths
1,389
Sq.Ft.
1962
Year Built
13
Days on Site
898464
MLS
Located in the Heart of Fort Walton Beach, this corner lot REO property could certainly be the diamond in the rough. Built in 1962, this 3 bedroom 2 full bath split bedroom design home has a cinder...
Open 5/29
4216 Cougar Circle Niceville, FL 32578
$1,200,000
Neighborhood: Magnolia Plantation At Bluewater Bay
5
Beds
4
Baths
4,488
Sq.Ft.
2007
Year Built
35
Days on Site
896502
MLS
Completely updated home - every room has been updated. Thermador appliances, quartz countertops, mill work throughout, shiplap, updated lighting throughout, 2 laundry rooms, 4 1/2 baths, oversized 3...
2
Beds
2F11/2
Baths
1,292
Sq.Ft.
2008
Year Built
44
Days on Site
895672
MLS
Lowest priced unit in Waterscape! #A119 is a FURNISHED, first level, 1,292 sqft, 2br/2.5ba with bunks. This floor plan is nicely designed with both bedrooms and living room having access to the...

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.