Want to make a deal on a short sale?
A short sale means the homeowner's lender has agreed to receive a reduced amount to release a mortgage.
Can I get a bargain on a short sale?
Occasionally. Often times people hear the phrase "short sale" and automatically think of a seller that is insolvent and needing to sell their home fast to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. In contrast, 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 in line with actual market values, not below.
What's involved in buying a short sale?
If you're ready to buy, whether it's a short sale or a typical home sale,
Southdale Properties, Inc. can help. Use my experience and knowledge of real estate to be confident that you are getting a fair deal and protect yourself during the whole process.