Ready to purchase a short sale?
When a lender and a homeowner agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale.
Are short sales good deals?
The short answer is "sometimes". Most people hear the term "short sale" and routinely think of a seller that is in financial trouble and must sell their home fast to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most of another's misfortune. More commonly, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In these cases the "bargain" price may in fact be in line with true market values instead of below.
Are you ready to buy a short sale property?
If you're ready to buy, whether it is a short sale or a typical home sale,
Blue to Green Realty can help you. Use my experience and knowledge of real estate to be certain you're getting a fair deal and are protected during the complete purchase transaction.