Want to buy a short sale?
When a seller is upside down on their mortgage payments, 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. If you have any questions about real estate in Edmond, Oklahoma, contact me here or e-mail me
Are short sales good deals?
Sometimes. Most people hear the term "short sale" and instinctively think of a seller that is in trouble and must sell their property promptly to avert further financial problems. This is sometimes 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 isn't delinquent with their payments, but property values have fallen. In cases such as these the "bargain" price may in fact be in line with current market values, not below.
Are you ready to buy a short sale property?
When it is time to buy, whether it is a short sale or a typical home sale,
Metro First Realty is available for you. Apply my experience and knowledge of real estate to be confident that you're getting a fair deal and remain protected during the full matter.