Buying Short Sales

November 25, 2009 by  
Filed under Buying Short Sales

Buying Short Sales

The main advantage in buying short sales is the opportunity to buy a house at below housing market prices. This is possible because the lender is highly motivated to approve an offer that allows for the settlement of a defaulted loan even if it is at a discounted price. They are open to offers like this because they save the cost going through foreclosure and the additional costs if the real estate auction is not successful and the property is held to sell at a reasonable price on the open market. Additionally they will accept a lower price because they usually offer the property “as is” and don’t usually offer to make any repairs.

 

One of the challenges in buying short sales is the longer than usual time it takes for the lender to approve your offer, so you must exercise patience and persistence. But your effort will rewarded with immediate equity and a position in today’s market to ride it back up to even more equity.

 

We are a top rated national short sale company with collective experience of more than 30 years. We are presently doing a large volume of short sales so all of our information is current and tested. It is worth getting the best and most up-to-date advice on buying short sales in a difficult and volatile real estate market. For a quick response, please fill out the input fields under “Contact Us For a Free Evaluation” at the upper right. Please give us the best number to reach at as we can only do a consultation by phone and will email all support documents after the call.

Housing Assist Coldwellbanker