Looking to buy a short sale?

A short sale is when the homeowner's lender agrees to receive a reduced amount to release a mortgage. For more information, just contact me through my site or e-mail me. I'm happy to address questions you have regarding 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?

From time to time, yes. Many people hear the words "short sale" and instinctively think of a seller that is in trouble and needs to sell their property quickly to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to make the most of another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have declined. In cases such as these the reduced price may in fact be consistent with actual market values, not below.

What's involved in buying a short sale?

  • Before you make any purchase offers, do your research. Using an experienced REALTOR® from Unicasa International USA Realty to help you research 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. Obtaining these facts can help you decide how much to offer.
  • Hire a real estate agent with short sale knowledge. Unicasa International USA Realty can assist you in expediting the transaction and ensure that you're protected. Don't let inexperience impede the closing process. Put my experience and knowledge to 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. Know 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 terms of the sale. In most cases your offer will go before 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 typically not up for negotiation when dealing with a short sale. The lender will sell the property just the way it is which means the lender isn't going to pay for repairs. Be sure you 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 am looking out for your interests above all else and will always recommend that you make your offer contingent upon the outcome of the inspections.
When it is time to buy, whether it be a short sale or a typical home sale, Unicasa International USA Realty is available for you. Use my experience and knowledge of real estate to be confident that you are getting a fair deal and protect yourself during the entire matter.

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