Ready 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 agrees to release the mortgage for a sum less than what's due. If you have questions regarding real estate in Cary, North Carolina, contact me here or e-mail me
Can I get a good deal on a short sale?
The short answer is "sometimes". Most people hear the words "short sale" and routinely think of a seller that is in financial trouble and needing to sell their property quickly to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most 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 fallen. In cases such as these the discounted price may in fact be consistent with true market values rather than below.
How do I buy a short sale?
When it is time to buy, whether it's a short sale or a typical home sale,
Smart Partners Realty is here to help. Apply my experience and knowledge of real estate to make sure that you are getting a fair deal and protect yourself during the complete process.