Want to buy a short sale?
If a seller owes more on their home than its value, they can sometimes get the lender to agree to a short sale, whereby the lender consents to release the mortgage for an amount less than what's owed.
For more information, simply contact us
through our site or e-mail us
. We're happy to answer any questions you have regarding real estate short sales.
Can I get a bargain on a short sale?
Sometimes. Often times people hear the term "short sale" and instinctively think of a seller that is in trouble and needs to sell their property promptly to avoid further financial problems. This is occasionally 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 depreciated. In these cases the "bargain" price may in fact be closer to true market values, not below.
How do I buy a short sale?
When it is time to buy, whether it's a short sale or a typical home sale, Rancho Buena Vista Real Estate is here to help. Apply our experience and knowledge of real estate to be confident that you're getting a fair deal and remain protected during the whole process.