Ready to buy a short sale?
When a seller owes more on their house than its value, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender consents to release the mortgage for a sum less than what's owed.
Can I get a good deal on a short sale?
Sometimes. Most people hear the phrase "short sale" and automatically think of a seller that is in financial trouble and needing to sell their property fast to avert further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on another's misfortune. More commonly, a lender may consider a short sale even if the seller is current, but property values have fallen. In these instances the reduced price may in fact be consistent with current market values instead of below.
How do I buy a short sale?
If you're ready to buy, whether it be a short sale or a typical home sale,
Greater R.I. Properties, LLC can help you. Utilize my experience and knowledge of real estate to be certain you are getting a fair deal and will be protected during the entire matter.