Want to buy a short sale?
A short sale means the seller's lender has agreed to accept a reduced sum to release a mortgage.
Are they good deals?
The short answer is "sometimes". Most people hear the term "short sale" and instinctively think of a seller that is in trouble and needing to sell their home quickly to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In cases such as these the "bargain" price may in fact be in line with current market values rather than below.
What's involved in buying a short sale?
When you're ready to buy, whether it's a short sale or a typical home sale,
Southdale Properties, Inc. is here to help. Use my experience and knowledge of real estate to be certain you're getting a fair deal and will be protected during the whole matter.