Looking to make a deal on a short sale?
When a lender and a homeowner agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale. If you have questions regarding real estate in Fort Walton Beach, Florida, contact me here or e-mail me
Are they good deals?
The short answer is "sometimes". Often times people hear the phrase "short sale" and routinely think of a seller that is insolvent and needs to sell their property quickly to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. More commonly, 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 reduced price may in fact be consistent with actual market values rather than below.
What's involved in buying a short sale?
If you are ready to buy, whether it's a short sale or a typical home sale,
Coast to Coast Property Brokers is available for you. Utilize my experience and knowledge of real estate to make sure you're getting a fair deal and protect yourself during the full deal.