Ready to buy a short sale?


	A short sale happens when the seller's lender agrees to get a reduced payoff to release a mortgage. Should you have any questions regarding real estate in All areas around Orlando, ., contact me here or e-mail me.

Purchasing a short sale in All areas around Orlando, . on your own is risky. Contact Florida Wholesale Realty Corp for expert advice.

Are short sales bargains?

From time to time, yes. Many people hear the phrase "short sale" and routinely think of a seller that is in financial trouble and needs to sell their home fast to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most of another's misfortune. More commonly, a lender may consider a short sale even if the seller is current, but property values have fallen. In these instances the discounted price may in fact be closer to current market values instead of below.

Are you ready to buy a short sale property?

Before you make any purchase offers, do your research. Using an experienced REALTOR^® from Florida Wholesale Realty Corp to help you research a property can help you make knowledgeable decisions. We can help learn to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Having this info can help you make a decision about how much to offer.
Hire a real estate agent with short sale experience. The real estate agents at Florida Wholesale Realty Corp can assist you in expediting the transaction and make sure you're protected. Don't permit inexperience to slow down the closing process. Put our experience and knowledge to work in your favor.
Even with an experienced real estate agent and under the best of situations, buying a short sale property will probably take longer than a typical real estate transaction. Be informed that most short sales will not close in less than 30 days. Remember that you're not only getting approval from the seller, but the lender must also agree to the sale terms. Commonly, your offer will be presented 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 usually not up for negotiation when buying a short sale. The lender is selling the property as seen which means the lender will not be paying for repairs. Make sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Florida Wholesale Realty Corp, when we write an offer, we're looking out for your interests above all else and will always recommend that you make your offer contingent upon the inspection results.

When you're ready to buy, whether it's a short sale or a typical home sale, Florida Wholesale Realty Corp is available for you. Apply our experience and knowledge of real estate to be certain you're getting a fair deal and remain protected during the full transaction.