Looking to make a deal on a short sale?

A short sale happens when the seller's lender has agreed to collect a reduced sum to release a mortgage. For more information, you can contact me through my site or e-mail me. I'm glad to address questions you have about real estate short sales.

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

Are short sales good deals?

Occasionally. Most people hear the phrase "short sale" and instinctively think of a seller that is in default and needing to sell their home fast to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have declined. In cases such as these the reduced price may in fact be consistent with actual market values, not below.

Are you ready to buy a short sale property?

  • Prior to making any purchase offers, do your homework. Using a qualified real estate agent from Unicasa International USA Realty to assist you with researching a property will help you make knowledgeable 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. Acquiring these facts can help you determine how much to offer.
  • Hire an agent with short sale expertise. Unicasa International USA Realty can help expedite the transaction and make sure you're protected. Don't permit inexperience to hold up the closing process. Let my experience and knowledge work in your favor.

  • Even in the best of situations and with an experienced real estate agent, buying a short sale property will generally take longer than a typical real estate transaction. Be aware that a majority of 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 sale terms. It's not uncommon that your offer will go before 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 typically not up for negotiation when working with a short sale. The lender will be selling the property as seen which means the lender isn't going to pay for repairs. Be sure you 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'm looking out for your interests above all else and will always suggest that you make your offer contingent upon the outcome of the inspections.
If you're ready to buy, whether it be a short sale or a typical home sale, Unicasa International USA Realty is here to help. Utilize my experience and knowledge of real estate to be certain you are getting a fair deal and remain protected during the complete process.

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