Want to make a deal on a short sale?
When a seller owes more on their home than its value, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender consents to release the mortgage for a sum less than what's owed.
For more information, you can contact us
through our site or e-mail us
. We're happy to address questions you have regarding real estate short sales.
Are short sales bargains?
From time to time, yes. Many people hear the phrase "short sale" and instinctively think of a seller that is insolvent and needs to sell their property promptly to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to cash in on another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current, but property values have declined. In these cases the discounted price may in fact be closer to current market values instead of below.
What's involved in buying a short sale?
When it's time to buy, whether it is a short sale or a typical home sale, JONES REAL ESTATE AGENCY is available for you. Utilize our experience and knowledge of real estate to be certain that you are getting a fair deal and will be protected during the whole process.