Want to buy a short sale?


	A short sale means the homeowner's lender consents to accept a reduced payment to release a mortgage. Should you have questions regarding real estate in Sugarloaf Key, Florida, contact me here or e-mail me.

Purchasing a short sale in Sugarloaf Key, Florida on your own is risky. Contact Mia Howe Realty for expert advice.

Are short sales good deals?

The short answer is "sometimes". Often times people hear the words "short sale" and instinctively think of a seller that is in default and needing to sell their property quickly to avoid further financial problems. This is sometimes 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 isn't delinquent with their payments, but property values have declined. In cases such as these the reduced price may in fact be closer to true market values instead of below.

Are you ready to buy a short sale property?

Before making any purchase offers, do your homework. Using a qualified real estate professional from Mia Howe Realty to help you research a property can help you make knowledgeable decisions. We can help learn to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Finding this information can help you decide how much to offer.
Use an agent with short sale expertise. The real estate agents at Mia Howe Realty can assist you in expediting the transaction and make sure you're protected. Don't permit inexperience to impede the closing process. Let our experience and knowledge work in your favor.
Even with an experienced real estate agent and under the best of situations, buying a short sale property will generally take longer than a typical real estate transaction. Be aware that many short sales will not close in less than 30 days. Remember that you're not only having to get approval from the seller, but the lender must also agree to the discounted price. Commonly, your offer will go before a committee to approve which will add time - sometimes even 2 to 3 months.
Home protection warranties, buyer credits and allowances, and closing cost concessions are usually not up for negotiation when buying a short sale. The lender will be selling the property just the way it is which means the lender won't be paying for repairs. Make sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Mia Howe Realty, when we write an offer, we will be looking out for your interests first and foremost and will always advise you to make your offer contingent upon the results of the inspections.

When it is time to buy, whether it be a short sale or a typical home sale, Mia Howe Realty can help you. Use our experience and knowledge of real estate to be certain you are getting a fair deal and will be protected during the entire matter.