Looking to buy a short sale?

	A short sale means the homeowner's lender agrees to get a reduced payoff to release a mortgage. For more information, simply contact me through my site or e-mail me. I'm glad to answer questions you have about real estate short sales.

Can I get a bargain on a short sale?

• Always do your research before making any offers. Using a qualified REALTOR^® from RE/MAX 200 Realty to support your research of a property will help you make knowledgeable decisions. We can help learn to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Locating this information can help you make a decision about how much to offer.

• Get a REALTOR^® with short sale expertise. The real estate agents at RE/MAX 200 Realty can help expedite the transaction and ensure that you're protected. Don't allow inexperience to hold up the closing process. Let our experience and knowledge work for you.

• Even with an experienced real estate agent and under the best circumstances, buying a short sale property will generally take longer than a typical real estate transaction. Be aware that many short sales will not close in less than 30 days. Remember that you're not only having to get approval from the seller, but the lender must also agree to the terms of the sale. 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 non-negotiable when working with a short sale. The lender is selling the property as seen which means the lender isn't going to pay for repairs. Be sure you reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At RE/MAX 200 Realty, when we write an offer, we will be looking out for your interests above all else and will always advise you to make your offer contingent upon the inspection results.