Ready to buy a short sale?
A short sale is when the homeowner's lender agrees to collect a reduced payoff to release a mortgage.
For more information, simply contact us
through our site or e-mail us
. We're happy to answer any questions you have about real estate short sales.
Are they good deals?
Sometimes. Many people hear the words "short sale" and automatically think of a seller that is insolvent and must sell their property fast to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. On the other hand, 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 in line with true market values, not below.
How do I buy a short sale?
When you're ready to buy, whether it's a short sale or a typical home sale, REALiTEAM Real Estate Group is here to help. Apply our experience and knowledge of real estate to be certain you are getting a fair deal and protect yourself during the whole deal.