One of the niche areas that Palm Beach Premier Real Estate as a Brokerage specializes in is Boca Raton Foreclosures and our Realtors in Boca Raton are well versed and familiar with Asset Manager procedures and requirements so that our clients can take advantage of the many opportunities that Boca Raton Foreclosures present.
Any precise number of Boca Raton foreclosures at any one time in the Boca Raton real estate marketplace is very difficult to gauge for a number of reasons – either due to the sheer size of the shadow inventory being held by banks or lenders that have yet to come to the Boca Raton foreclosure market, or due to the fact that the Regional Multiple Listing Service (RMLS) does not actually require that Boca Raton foreclosures be actually designated as such thereby they are a non-searchable filter in most Boca Raton real estate searches, or consumers are required to scour or purchase Boca Raton foreclosures lists.
To view Boca Raton foreclosures for sale therefore, it behooves the buyer to reach out to experienced Realtors in Boca Raton that are familiar with Boca Raton foreclosures and can identify Boca Raton foreclosure opportunities. Palm Beach Premier Real Estate is able to assist you in the purchase of a foreclosure in Boca Raton in that regard and our Realtors in Boca Raton are familiar with the nuances of the various banks and asset managers.
The most frequent Boca Raton foreclosure enquiries that we receive from buyers relate to Waterfront foreclosures including both beachfront foreclosures and oceanfront foreclosures which is unsurprising given the highly desirable locale and the compelling opportunity that high-end Boca Raton foreclosures present. Another requested area that clients contact us about are Boca Raton Condo foreclosures particularly those that are waterfront foreclosures especially beachfront foreclosures or oceanfront foreclosures that we discussed.
Foreclosures in Boca Raton Florida are unlikely to disappear anytime soon given the decline in Boca Raton real estate values in recent years. In the earlier half of the last decade for example, we were all discussing year over year price appreciation prior to the Boca Raton real estate market peak in late 2005/2006. The declines in Boca Raton real estate prices since has been somewhat dramatic, coupled with other factors such as tightening credit markets, job losses, poor economic recovery and growth as well as fixed rate mortgages transitioning to variable rates with payment shock increases leading to an increased number of defaults.
In these successive years since the Boca Raton real estate market peak, Foreclosures in Boca Raton Florida have significantly increased and it is reasonable to conclude that these compelling foreclosure opportunities will be around for many years to come until prices slowly retrace their steps to historical norms.
In the interim, opportunities abound for the savvy investor. The acquisition of a foreclosure in Boca Raton can be identified and concluded with surprising speed and discretion, particularly if the Boca Raton foreclosure transaction is all cash. One of the many areas to be mindful of however when buying a foreclosure in Boca Raton is the prevalence of bidding wars that we see on a daily basis when performing Broker Price Opinion valuations for Asset Managers and Banks for example, or representing clients in their acquisition of a Boca Raton foreclosure – so it is definitely an area that requires skill, experience and due diligence as well as using Realtors in Boca Raton that understand what Asset Managers are anticipating.
Whether you are looking to choose from one of the growing number of Boca Raton Condo foreclosures or you are specifically looking for Waterfront foreclosures and/or beachfront foreclosures and/or oceanfront foreclosures then Palm Beach Premier Real Estate and our Realtors in Boca Raton can represent you in the purchase of that foreclosure in Boca Raton by liaising with the Asset Managers on your behalf or alternatively by communicating with the REO Agent directly if the property is listed.
The REO Realtors and REO Brokers at Palm Beach Premier Real Estate have extensive experience in the Real Estate Industry and are able to offer Banks and Asset Managers an array of distressed property management services for Banks and Asset Managers. Our Boca Raton foreclosures division can perform physical site inspections, offer cash for keys, provide repair assessments and recommendations, provide regular and periodic Broker Price Opinion valuations, and co-ordinate and provide regular transaction communication.
Please call our Palm Beach Premier Real Estate Boca Raton Foreclosures division and ask for Gia or Grant at 561.395.8418 or