Ready to buy a short-sale?
A short sale happens when the seller's lender consents to receive a reduced sum to release a mortgage.
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 avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most of another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current, but property values have fallen. In these instances the reduced price may in fact be in line with current market values rather than below.
Always do your research before making any offers. Using an experienced real estate professional from IREAF, LLC to assist you with researching a property can help you make educated decisions. We can help discover to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Obtaining this information can help you make a decision about how much to offer.
ALWAYS DO YOUR RESEARCH
GET A REALTOR®
SHORT-SALE PROPERTY TAKES LONGER
NORMALLY NON-NEGOTIABLE
Always do your research before making any offers. Using an experienced real estate professional from IREAF, LLC to assist you with researching a property can help you make educated decisions. We can help discover to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Obtaining this information can help you make a decision about how much to offer.