Looking to make a deal on a short sale?


	A short sale happens when the homeowner's lender consents to collect a reduced payoff to release a mortgage. For more information, simply contact me through my site or e-mail me. I'm happy to address any questions you have about real estate short sales.

Purchasing a short sale in Clermont, Florida on your own is risky. Contact Rightmove Orlando Real Estate for expert advice.

Are short sales bargains?

Sometimes. Many people hear the words "short sale" and automatically think of a seller that is in financial trouble and needing to sell their property promptly to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. In contrast, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In these instances the reduced price may in fact be consistent with true market values, not below.

How do I buy a short sale?

Before making any purchase offers, do your research. Using a knowledgeable real estate professional from Rightmove Orlando Real Estate to help you research a property can help you make informed decisions. We can help learn to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Having these facts can help you make a decision about how much to offer.
Get a real estate professional with short sale knowledge. The real estate agents at Rightmove Orlando Real Estate can assist you in expediting the transaction and ensure that you're protected. Don't permit inexperience to slow down the closing process. Put our experience and knowledge to work in your favor.
Even with an experienced real estate agent and under the best circumstances, buying a short sale property will usually take longer than a typical real estate transaction. Be informed that most short sales will not close in 30 days or less. Remember that you're not only having to get approval from the seller, but the lender must also agree to the discounted price. It's not uncommon that your offer will be seen by a committee to approve which will add time - sometimes even 2 to 3 months.
Home warranties, buyer credits and allowances, and closing cost concessions are typically not up for negotiation when working with a short sale. The lender will be selling the property just the way it is which means the lender won't be paying for repairs. Be sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Rightmove Orlando Real Estate, when we write an offer, we will be looking out for your interests first and foremost and will always advise you to make your offer contingent upon the outcome of the inspections.

When it's time to buy, whether it is a short sale or a typical home sale, Rightmove Orlando Real Estate is available for you. Use our experience and knowledge of real estate to feel confident you're getting a fair deal and protect yourself during the whole process.