Want to buy a short sale?
When a lender and a seller agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale.
Can I get a bargain on a short sale?
Every now and then a good deal will come along. Most people hear the phrase "short sale" and routinely think of a seller that is in financial trouble and must sell their property fast to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to cash in on another's misfortune. More commonly, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have fallen. In these cases the discounted price may in fact be closer to true market values rather than below.
How do I buy a short sale?
If you are ready to buy, whether it be a short sale or a typical home sale,
Southdale Properties, Inc. can help. Apply my experience and knowledge of real estate to make sure that you're getting a fair deal and protect yourself during the full process.