Ready to buy a short sale?

A short sale means the seller's lender consents to get a reduced amount to release a mortgage. For more information, simply contact me through my site or e-mail me. I'm happy to address any questions you have regarding real estate short sales.

Purchasing a short sale in Celebration, Florida on your own is risky. Contact Remax Marketplace for expert advice.

Can I get a good deal on a short sale?

Sometimes. Often times people hear the term "short sale" and automatically think of a seller that is in default and must sell their property fast to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to take advantage of another's misfortune. In contrast, a lender may consider a short sale even if the seller is current, but property values have declined. In these cases the discounted price may in fact be consistent with actual market values, not below.

Are you ready to buy a short sale property?
  • Always do your research before making any offers. Using a knowledgeable REALTOR® from Remax Marketplace to support your research of a property can help you make informed decisions. We can help discover to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Obtaining this information can help you make a decision about how much to offer.
  • Use a real estate agent with short sale experience. The real estate agents at Remax Marketplace can assist you in expediting the transaction and ensure that you're protected. Don't permit inexperience to slow down the closing process. Put our knowledge and experience to work for you.

  • Even in the best of situations and with an experienced real estate agent, buying a short sale property will generally take longer than a typical real estate transaction. Be informed that many short sales will not close in less than 30 days. Remember that you're not only getting approval from the seller, but the lender must also agree to the sale terms. Commonly, your offer will be presented to a committee to approve which will add time - sometimes even 2 to 3 months.
  • Home protection plans, buyer credits and allowances, and closing cost concessions are generally non-negotiable when working with a short sale. The lender is selling the property just the way it is which means the lender isn't going to pay for repairs. Be sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Remax Marketplace, when we write an offer, we will be looking out for your interests first and foremost and will always recommend that you make your offer contingent upon the results of the inspections.
If you are ready to buy, whether it's a short sale or a typical home sale, Remax Marketplace is here to help. Use our experience and knowledge of real estate to feel confident you are getting a fair deal and remain protected during the entire deal.

       

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Karyn Smith Realtor GRI ABR Broker Associate 321 939 7671

Karyn@SearchFloridaHome.com

Celebration Kissimme Florida 34747 North Village, South Village, East Village, West Village, Aqulia Reserve, The Acadias, Artisan Park, Lake Evalyn, Celebration Village, Roseville Corner


Remax Marketplace 619 Celebration Ave Celebration, FL 34747
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