Want to buy a short sale?
A short sale means the seller's lender agrees to receive a reduced sum to release a mortgage.
Are short sales good deals?
The short answer is "sometimes". Many people hear the phrase "short sale" and routinely think of a seller that is in financial trouble and needs to sell their home promptly to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. Alternatively, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In these instances the reduced price may in fact be in line with actual market values, not below.
What's involved in buying a short sale?
When it is time to buy, whether it be a short sale or a typical home sale,
Century 21 Judge Fite Company can help. Utilize my experience and knowledge of real estate to be confident you're getting a fair deal and protect yourself during the entire purchase transaction.