Want to purchase a short sale?

A short sale means the homeowner's lender consents to get a reduced sum to release a mortgage.

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?

Every now and then a good deal will come along. Many people hear the phrase "short sale" and automatically think of a seller that is in trouble and must sell their property fast to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to do well from another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have fallen. In these cases the discounted price may in fact be consistent with actual market values rather than below.

What's involved in buying a short sale?

  • Always do your homework before making any offers. Using an experienced real estate professional from Unicasa International USA Realty to support your research of a property can help you make educated decisions. We can help reveal to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Finding these facts can help you determine how much to offer.

  • Use a REALTOR® with short sale knowledge. Unicasa International USA Realty can help expedite the transaction and ensure that you're protected. Don't allow inexperience to delay the closing process. Let my experience and knowledge work for you.

  • 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 aware that many short sales will not close in the customary 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 seen by a committee to approve or disapprove, which will add time - sometimes even 2 to 3 months.
  • Home protection plans, buyer credits and allowances, and closing cost concessions are normally not up for negotiation when working with a short sale. The lender is selling the property "as is" which means the lender will not be paying for repairs. Make sure to reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At Unicasa International USA Realty, when I write an offer, I will be looking out for your interests above all else and will always advise you to make your offer contingent upon the outcome of the inspections.
When it's time to buy, whether it's a short sale or a typical home sale, Unicasa International USA Realty can help. Utilize my experience and knowledge of real estate to be confident that you're getting a fair deal and will be protected during the entire matter.

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