Ready to purchase a short sale?


	When a lender and a seller agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale. For more information, just contact me through my site or e-mail me. I'm glad to address any questions you have regarding real estate short sales.

Purchasing a short sale in St Augustine, Florida on your own is risky. Contact KELLER WILLIAMS REALTY Atlantic Partners for expert advice.

Can I get a good deal on a short sale?

From time to time, yes. Most people hear the term "short sale" and instinctively think of a seller that is in default and must sell their property fast to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to do well from another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current with their mortgage, but property values have declined. In these cases the "bargain" price may in fact be in line with true market values rather than below.

Are you ready to buy a short sale property?

Before you make any purchase offers, do your research. Using a qualified real estate professional from KELLER WILLIAMS REALTY Atlantic Partners to help you research a property will help you make educated decisions. We can help learn to whom the property is titled, the balance still owed to the lender, and whether or not a foreclosure notice has been filed. Having these facts can help you decide how much to offer.
Use an agent with short sale knowledge. The real estate agents at KELLER WILLIAMS REALTY Atlantic Partners can aid you in expediting the transaction and ensure that you're protected. Don't permit inexperience to slow down the closing process. Let our experience and knowledge work in your favor.
Even with an experienced real estate agent and under the best of situations, buying a short sale property will generally take longer than a typical real estate transaction. Be informed that many short sales will not close in 30 days or less. Remember that you're not only getting approval from the seller, but the lender must also agree to the terms of the sale. In most cases your offer will be seen by a committee to approve or disapprove which will add time - sometimes even 2 to 3 months.
Home warranties, buyer credits and allowances, and closing cost concessions are usually non-negotiable when working with a short sale. The lender will sell the property "as is" which means the lender won't be paying for repairs. Be sure to reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At KELLER WILLIAMS REALTY Atlantic Partners, when we write an offer, we're looking out for your interests first and will always recommend that you make your offer contingent upon the results of the inspections.

If you are ready to buy, whether it is a short sale or a typical home sale, KELLER WILLIAMS REALTY Atlantic Partners can help. Utilize our experience and knowledge of real estate to be certain you are getting a fair deal and protect yourself during the full matter.