Are you thinking about buying a short sale? Many people would gasp, or look at you sympathetically, if you told them you were buying a short sale.
Some of them would probably warn you about the drawbacks of buying a short sale - one of which would be the waiting period for the short sale to be approved by the mortgage holder.
There is usually an agreement between the home seller and their mortgage holder
whereby the mortgage holder agrees to accept the lesser amount than what is
Despite the bad reputation of short sales, a number of buyers are actually interested in short sales. They call and say that they are interested in buying a short sale.
In other situations a buyer falls in love with a home and decides to wait for
the short sale to be considered by the lender. This often happens with unique
In one situation we helped a couple short sell a property with a 10 stable
horse barn. The property was perfectly setup for horses. Now, this wouldn't
matter to someone who doesn't own horses.
But, it was perfect for this buyer and they agreed to wait out the short sale
process in the hope of their offer being accepted. Other buyers are interested
in good deals.
They know that a short sale can represent a good buy compared to other
properties. Yes, short sales do attract fewer buyers than non short sale
But, at the end of the day we can work around that issue those and still
successfully short sell your home. Every short sale property we have listed for
sale did receive an offer from a buyer.
Thanks for reading this, Bion Grady.
Bion is a Real Estate Agent at Maximum One Realty.
Bion Grady specializes in loan modification assistance and short sales in
Georgia. Loan Modification Help, Short Sales. Short Sale Realtor.
Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.
If you have any questions about a Short Sale, Please feel free to contact me by email at email@example.com or, if you prefer, you can call me at 770-875-4268.
This is not intended as legal, technical, or tax advice. Please speak with a
licensed professional before making any decision. Information is deemed
reliable but not guaranteed as of the date of writing.
The views expressed here are Bion's personal views and do not reflect the views
of Maximum One Realty.