Want to buy a short sale?
When a seller owes more on their house than its value, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender agrees to release the mortgage for an amount less than what's owed.
Are they good deals?
Occasionally. Many people hear the words "short sale" and instinctively think of a seller that is in default and needing to sell their home promptly to avoid further financial problems. This is at times 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 instances the discounted price may in fact be closer to current market values instead of below.
How do I buy a short sale?
When you're ready to buy, whether it's a short sale or a typical home sale,
Rose & Womble Realty is here to help. Apply my experience and knowledge of real estate to be confident that you're getting a fair deal and will be protected during the entire purchase transaction.
Looking to Sell?
Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.