Looking to purchase a short sale?
When a lender and a seller agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale.
Can I get a good deal on a short sale?
Sometimes. Many people hear the phrase "short sale" and instinctively think of a seller that is in trouble and must sell their property fast to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current, but property values have declined. In these instances the "bargain" price may in fact be in line with true market values instead of below.
How do I buy a short sale?
When you're ready to buy, whether it be a short sale or a typical home sale,
Greater R.I. Properties, LLC can help. Utilize my experience and knowledge of real estate to be confident that you're getting a fair deal and will be protected during the whole deal.