Ready to purchase a short sale?
A short sale happens when the seller's lender agrees to collect a reduced payment to release a mortgage.
Are short sales good deals?
Sometimes. Most people hear the phrase "short sale" and routinely think of a seller that is in trouble and needs to sell their property quickly to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of 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 cases such as these the "bargain" price may in fact be closer to true market values rather than below.
Are you ready to buy a short sale property?
When it is time to buy, whether it be 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 are getting a fair deal and remain protected during the entire purchase transaction.