Looking to make a deal on a short sale?
A short sale means the seller's lender consents to collect a reduced amount to release a mortgage.
Can I get a bargain on a short sale?
Every now and then a good deal will come along. Often times people hear the term "short sale" and routinely think of a seller that is in trouble and must sell their property promptly to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have depreciated. 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 are ready to buy, whether it be a short sale or a typical home sale,
Weichert, Realtors - Villar and Company can 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.