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Ready to make a deal on a short sale?
A short sale happens when the seller's lender consents to accept a reduced payment to release a mortgage.
Can I get a bargain on a short sale?
Every now and then a good deal will come along. Many people hear the term "short sale" and routinely think of a seller that is insolvent and needs to sell their home promptly to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to cash in on another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In these instances the "bargain" price may in fact be in line with true market values instead of below.
Are you ready to buy a short sale property?
If you're ready to buy, whether it's a short sale or a typical home sale,
Metro First Realty is here to help. Utilize my experience and knowledge of real estate to be confident you're getting a fair deal and remain protected during the whole transaction.