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Coral Gables Foreclosure Sells For Above Asking Price

March 2nd, 2015 Written By

Foreclosure IN Coral Gables

When the home located at 821 Obispo Avenue hit the market for $543,000, it received a flurry of activity and offers. Not only was this home listed for under $600,000 but it was a bank owned property – which only increased buyer’s interest. Not surprisingly, the home went under contract in less than 7 days. The home closed well over asking price this week at $580,274 (cash deal).

Many buyers these days still hope to snag one of these elusive foreclosures.  If you are willing to pay cash with no other contingencies then you might have a chance. But you have to keep in mind that Coral Gables foreclosures don’t come around that often and when they do, they almost always end up in a bidding war.

Coral Gables Foreclosure

We are the #1 Top Producing Realtors at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here. 

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