Looking to make a deal on a short sale?
When a seller owes more on their house than its value, they can sometimes get the lender to agree to a short sale, whereby the lender consents to release the mortgage for a sum less than what's due.
Can I get a bargain on a short sale?
From time to time, yes. Many people hear the term "short sale" and routinely think of a seller that is in default and needs to sell their property fast to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. More commonly, a lender may consider a short sale even if the seller is current with their mortgage, but property values have declined. In these cases the discounted price may in fact be closer to current market values, not below.
How do I buy a short sale?
If you're ready to buy, whether it's a short sale or a typical home sale, Southern Homes of the Carolinas can help. Utilize my experience and knowledge of real estate to be certain you're getting a fair deal and will be protected during the entire purchase transaction.
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