Looking to make a deal on a short sale?
When a lender and a seller agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale. For more information, just contact me
through my site or e-mail me
. I'm glad to address questions you have regarding real estate short sales.
Are they good deals?
From time to time, yes. Most people hear the phrase "short sale" and instinctively think of a seller that is in default and must sell their house quickly to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to do well from 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 declined. In cases such as these the discounted price may in fact be closer to true market values instead of below.
Are you ready to buy a short sale property?
When you are ready to buy, whether it be a short sale or a typical home sale,
Southdale Properties, Inc. can help you. Apply my experience and knowledge of real estate to be confident that you're getting a fair deal and protect yourself during the whole deal.