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.

Purchasing a short sale in Davie, Florida on your own is risky. Contact Unicasa International USA Realty for expert advice.

Can I get a bargain on a short sale?

From time to time, yes. Often times people hear the term "short sale" and automatically think of a seller that is in trouble and needing to sell their house quickly to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to do well from another's misfortune. More commonly, a lender may consider a short sale even if the seller is current with their mortgage, but property values have declined. In these instances the discounted price may in fact be in line with true market values rather than below.

What's involved in buying a short sale?

  • Prior to making any purchase offers, do your homework. Using a knowledgeable real estate agent from Unicasa International USA Realty to support your research of a property will help you make informed decisions. We can help find out to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Locating this info can help you make a decision about how much to offer.
  • Use an agent with short sale knowledge. Unicasa International USA Realty can assist you in expediting the transaction and make certain you're protected. Don't allow inexperience to hold up the closing process. Let my experience and knowledge work in your favor.

  • Even with an experienced real estate agent and under the best circumstances, buying a short sale property will generally take longer than a typical real estate transaction. Be informed that a majority of 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 terms of the sale. A lot of the time your offer will be sent to a committee to approve, which will add time - sometimes even 2 to 3 months.
  • Home protection warranties, buyer credits and allowances, and closing cost concessions are normally non-negotiable when buying a short sale. The lender is selling the property "as is" which means the lender isn't going to pay for repairs. Always reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Unicasa International USA Realty, when I write an offer, I am looking out for your interests first and will always advise you to make your offer contingent upon the inspection results.
When it is time to buy, whether it is a short sale or a typical home sale, Unicasa International USA Realty is available for you. Apply my experience and knowledge of real estate to be confident you are getting a fair deal and remain protected during the entire process.

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