This home in Vesta Heights, Fort Walton Beach Florida, has been approved for HAP sale.  The property went under contract just three days after going on the market! HAP approved the contract and replaced it with their own 11 weeks later.

Things to know:

1. Even though the HAP (Homeowners Assistance Program for U.S. military) website says your home should be marketed for 120 days, the fact is, HAP really cares that you get  “fair market value” (or 90% thereof). In this case, it was fortunate that the buyer happened to be looking for a home near Eglin Air Force Base and this exact match became available.  I’ve sold many HAP contingent homes in Fort Walton Beach, Navarre, Crestview and Destin Florida in less than a week. All the sales were subsequently approved by HAP, and none ever had a counter offer of price, nor had time on market questioned.

2. How is contract price supported to HAP?  When you get a contract on your HAP home, I prepare a market analysis for you to send in to HAP along with your contract.  Before you accept an offer, I let you know if the price and terms are in line with HAP might find acceptable. What does that mean? The contract should be approximately 90% of supportable fair market value.

3. What about cases of difficult to sell  HAP homes that only get low offers? If you can prove your home was exposed to the  market  for a period of time, you may be able to get a sale price that seems otherwise low approved by HAP.  An example I have is a home in Navarre Florida that was on East Bay, but surrounded by homes of much lesser quality. This property could only garner a seemingly low price.  We sent HAP all the detailed marketing for the property, along with showings and feedback from potential buyers. The contract price was approved.

Do you have questions about your potential HAP sale in Fort Walton Beach, Crestview, Destin or Navarre Florida? Email me at itswendy@rulnickrealty.com

The post It’s OK to Sell Your Eglin AFB HAP Home Fast first appeared on Rulnick Realty.

Some of the qualifications for the HAP program are:

1. PCS orders at least 50 miles from the primary residence
2. The original contract to purchase the home had an effective date prior to July 1, 2006
3. The home was the primary residence at the time of orders

Many Eglin Air Force Base, Hurlburt Field and Duke Field service members have qualified for the program.  This HAP sale on Randall Roberts Rd. took about 60 days to approve.  At closing, HAP purchased the home from the sellers, paid off the mortgage shortfall, then simultaneously sold it to the new buyers. 

652 Randall Roberts Rd., Fort Walton Beach Florida – Just Sold for $200,000

Apply for HAP here.

Learn more about HAP.

It’s Wendy!

The post Emerald Village, Fort Walton Beach Florida – HAP Home Sold first appeared on Rulnick Realty.