Ready to make a deal on a short sale?
If a homeowner owes more on their house than its value, they can sometimes get the lender to agree to a short sale, whereby the lender consents to release the mortgage for a sum less than what's due.
Are short sales bargains?
From time to time, yes. Most people hear the words "short sale" and automatically think of a seller that is in trouble and needing to sell their house quickly to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to make the most of another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have depreciated. In cases such as these the discounted price may in fact be in line with true market values, not below.
Are you ready to buy a short sale property?
When it is time to buy, whether it is a short sale or a typical home sale,
Remax Components is available for you. Use my experience and knowledge of real estate to make sure you are getting a fair deal and protect yourself during the entire purchase transaction.