Looking 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.
Are short sales bargains?
The short answer is "sometimes". Often times people hear the words "short sale" and routinely think of a seller that is in financial trouble and needing to sell their property promptly to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have declined. In cases such as these the "bargain" price may in fact be closer to actual market values instead of below.
How do I buy a short sale?
If you are ready to buy, whether it is a short sale or a typical home sale,
Go! Real Estate, Inc. is here to help. Use my experience and knowledge of real estate to make sure that you are getting a fair deal and are protected during the full purchase transaction.