Ready to make a deal on a short sale?
A short sale is when the seller's lender has agreed to accept a reduced payment to release a mortgage. If you have questions regarding real estate in Maryland, Maryland, contact me here or e-mail me
Are they good deals?
The short answer is "sometimes". Most people hear the phrase "short sale" and instinctively think of a seller that is in financial trouble and needs to sell their home promptly to avert further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on 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 these cases the discounted price may in fact be in line with 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,
Remax Components can help. Apply my experience and knowledge of real estate to feel confident you're getting a fair deal and are protected during the complete deal.