Want to make a deal on a short sale?

A short sale happens when the seller's lender agrees to get a reduced payment to release a mortgage. For more information, you can contact me through my site or e-mail me. I'm happy to answer any questions you have about real estate short sales.

Purchasing a short sale in Dublin, California on your own is risky. Contact Provident Realty Group for expert advice.

Can I get a good deal on a short sale?

Occasionally. Often times people hear the term "short sale" and automatically think of a seller that is in financial trouble and needing to sell their home 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. More commonly, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In cases such as these the discounted price may in fact be closer to true market values instead of below.

Are you ready to buy a short sale property?

  • Always do your homework before making any offers. Using an experienced real estate professional from Provident Realty Group to help you research a property will help you make informed decisions. We can help reveal to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Finding this data can help you determine how much to offer.
  • Hire a REALTOR® with short sale experience. Provident Realty Group can help expedite the transaction and make certain you're protected. Don't let inexperience hinder the closing process. Let my experience and knowledge work in your favor.

  • Even with an experienced real estate agent and under the best of situations, buying a short sale property will probably take longer than a typical real estate transaction. Know that a majority of short sales will not close in the customary 30 days or less. Remember that you're not only getting approval from the seller, but the lender must also agree to the discounted price. A lot of the time your offer will be seen by a committee to approve, which will add time - sometimes even 2 to 3 months.
  • Home protection plans, buyer credits and allowances, and closing cost concessions are typically not negotiable when dealing with a short sale. The lender is selling the property "as is" which means the lender isn't going to pay for repairs. Be sure you reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At Provident Realty Group, when I write an offer, I'm looking out for your interests first and will always suggest that you make your offer contingent upon the results of the inspections.
If you're ready to buy, whether it be a short sale or a typical home sale, Provident Realty Group can help you. Utilize my experience and knowledge of real estate to be confident that you're getting a fair deal and will be protected during the complete purchase transaction.

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Provident Realty Group

6850 Regional Street Suite 210
Dublin, CA 94568