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Ready to buy a short sale?
A short sale happens when the homeowner's lender has agreed to get a reduced payoff to release a mortgage. If you have any questions regarding real estate in Edmond, Oklahoma, contact me here or e-mail me
Can I get a bargain on a short sale?
From time to time, yes. Often times people hear the phrase "short sale" and automatically think of a seller that is insolvent and needs to sell their home fast to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to make the most of 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 fallen. In cases such as these the discounted price may in fact be closer to true market values, not 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,
Metro First Realty can help you. Utilize my experience and knowledge of real estate to feel confident that you're getting a fair deal and are protected during the complete matter.