Ready to buy a short sale?
A short sale means the homeowner's lender agrees to receive a reduced payment to release a mortgage.
Are they good deals?
Occasionally. Often times people hear the term "short sale" and automatically think of a seller that is insolvent and needs to sell their house quickly to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. On the other hand, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In these cases the discounted price may in fact be closer to actual market values instead of below.
Are you ready to buy a short sale property?
If you are 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 make sure that you're getting a fair deal and protect yourself during the whole process.