Looking to make a deal on a short sale?
A short sale happens when the seller's lender has agreed to accept a reduced payoff to release a mortgage. If you have any questions about real estate in Denton, Texas, contact me here or e-mail me
Are short sales bargains?
The short answer is "sometimes". Many people hear the phrase "short sale" and instinctively think of a seller that is insolvent and needs to sell their house fast 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 is current, but property values have declined. In these cases the reduced price may in fact be closer to current market values instead of below.
Are you ready to buy a short sale property?
If you're ready to buy, whether it is a short sale or a typical home sale,
Century 21 Judge Fite Company is here to help. Use my experience and knowledge of real estate to feel confident that you're getting a fair deal and protect yourself during the complete purchase transaction.