Looking 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. For more information, you can contact me
through my site or e-mail me
. I'm glad to address questions you have regarding real estate short sales.
Can I get a bargain on a short sale?
From time to time, yes. Many people hear the term "short sale" and instinctively think of a seller that is in default and needing to sell their home quickly to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In these cases the reduced price may in fact be closer to true market values rather than below.
Are you ready to buy a short sale property?
If you are ready to buy, whether it is a short sale or a typical home sale,
Mia Howe Realty can help. Utilize my experience and knowledge of real estate to be confident you're getting a fair deal and are protected during the entire purchase transaction.