Want to buy 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. Should you have any questions about real estate in North Kingstown, Rhode Island, contact me here or e-mail me
Can I get a good deal on a short sale?
From time to time, yes. Many people hear the term "short sale" and instinctively think of a seller that is in trouble and must sell their house fast to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to cash in on another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In cases such as these the "bargain" price may in fact be consistent with current market values instead of below.
Are you ready to buy a short sale property?
If you're ready to buy, whether it is a short sale or a typical home sale,
Greater R.I. Properties, LLC can help you. Apply my experience and knowledge of real estate to make sure you are getting a fair deal and will be protected during the complete matter.