Want to make a deal on a short sale?
When a lender and a seller agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale.
Can I get a bargain on a short sale?
From time to time, yes. Many people hear the phrase "short sale" and instinctively think of a seller that is in trouble and needs to sell their property promptly to avert further financial problems. This is at times the case and can be an opportunity for a buyer to take advantage of another's misfortune. More commonly, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In these instances the "bargain" price may in fact be closer to current market values, not below.
What's involved in buying a short sale?
If you are ready to buy, whether it's a short sale or a typical home sale,
Go! Real Estate, Inc. is here to help. Apply my experience and knowledge of real estate to make sure that you are getting a fair deal and will be protected during the entire deal.