Want 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 a house, it's called a short sale.
Are they good deals?
Every now and then a good deal will come along. Most people hear the term "short sale" and automatically think of a seller that is in default and must sell their property promptly to avoid further financial problems. This is at times 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 depreciated. In cases such as these the "bargain" price may in fact be consistent with true market values, not below.
Are you ready to buy a short sale property?
When you are ready to buy, whether it is a short sale or a typical home sale,
Southdale Properties, Inc. can help. Utilize my experience and knowledge of real estate to make sure that you're getting a fair deal and protect yourself during the full transaction.