Ready to purchase a short sale?
A short sale means the seller's lender has agreed to accept a reduced amount to release a mortgage.
Can I get a good deal on a short sale?
Occasionally. Often times people hear the phrase "short sale" and instinctively think of a seller that is in default and needing to sell their house promptly to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have fallen. In these cases the discounted price may in fact be closer to actual market values rather than below.
What's involved in buying a short sale?
When it's time to buy, whether it is a short sale or a typical home sale, RE/MAX 200 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 full transaction.by David Welch
Orlando Real Estate