Want to buy a short sale?
A short sale happens when the homeowner's lender has agreed to accept a reduced payoff to release a mortgage.
Are short sales good deals?
Every now and then a good deal will come along. Most people hear the words "short sale" and routinely think of a seller that is in financial trouble and must sell their house fast to avert further financial problems. This is at times 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 isn't delinquent with their payments, but property values have depreciated. In these cases the "bargain" price may in fact be closer to actual market values rather than below.
What's involved in buying a short sale?
When you are ready to buy, whether it is 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 confident that you're getting a fair deal and are protected during the complete transaction.