Looking to buy a short sale?
When a lender and a homeowner agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale.
Can I get a bargain on a short sale?
Every now and then a good deal will come along. Most people hear the term "short sale" and automatically think of a seller that is in financial trouble and must 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. Alternatively, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have fallen. In these cases the reduced price may in fact be consistent with true market values, not below.
What's involved in buying a short sale?
When you're ready to buy, whether it's a short sale or a typical home sale,
New Way Realty is here to help. Apply my experience and knowledge of real estate to be confident that you are getting a fair deal and remain protected during the whole purchase transaction.