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Want to make a deal on a short sale?

When a seller is upside down on their mortgage payments, 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. For more information, just contact me through my site or e-mail me. I'm glad to address questions you have regarding 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?

Every now and then a good deal will come along. Often times people hear the words "short sale" and routinely think of a seller that is in trouble and must sell their house promptly to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to do well from another's misfortune. More commonly, a lender may consider a short sale even if the seller is current, but property values have declined. In cases such as these the discounted price may in fact be consistent with actual market values instead of below.

How do I buy a short sale?

Always do your homework before making any offers. Using an experienced REALTOR^® from Provident Realty Group to assist you with researching a property can help you make educated decisions. We can help find out to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Acquiring this info can help you make a decision about how much to offer.
Use a real estate agent with short sale expertise. Provident Realty Group can help expedite the transaction and make sure you're protected. Don't allow inexperience to hold up the closing process. Put my knowledge and experience to work for you.
Even with an experienced real estate agent and under the best of situations, buying a short sale property will usually take longer than a typical real estate transaction. Be aware that most short sales will not close in less than 30 days. Remember that you're not only getting approval from the seller, but the lender must also agree to the discounted price. It's not uncommon that your offer will be presented to a committee to approve or disapprove, which will add time - sometimes even 2 to 3 months.
Home protection warranties, buyer credits and allowances, and closing cost concessions are normally not negotiable when buying a short sale. The lender is selling the property "as is" which means the lender isn't going to pay for repairs. Be sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Provident Realty Group, when I write an offer, I am looking out for your interests above all else and will always recommend that you make your offer contingent upon the inspection results.

When you're ready to buy, whether it be a short sale or a typical home sale, Provident Realty Group is available for you. Use my experience and knowledge of real estate to be confident you're getting a fair deal and will be protected during the full transaction.