Want to buy a short sale?


	When a homeowner is upside down on their mortgage payments, they can sometimes get the lender to agree to a short sale, whereby the lender consents to release the mortgage for a sum less than what's due. For more information, you can contact me through my site or e-mail me. I'm happy to answer any questions you have about real estate short sales.

Purchasing a short sale in Clearwater, Florida on your own is risky. Contact BRIGITTE LUKAS-SZABADY @ REALTY EXECUTIVES-SUNCOAST for expert advice.

Are short sales bargains?

Sometimes. Often times people hear the words "short sale" and automatically think of a seller that is in financial trouble and must sell their home fast to avoid 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 with their mortgage, but property values have fallen. In these cases the discounted price may in fact be in line with actual market values instead of below.

How do I buy a short sale?

Before you make any purchase offers, do your homework. Using a qualified real estate agent from BRIGITTE LUKAS-SZABADY @ REALTY EXECUTIVES-SUNCOAST to help you research a property will help you make informed 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 this data can help you make a decision about how much to offer.
Hire an agent with short sale knowledge. The real estate agents at BRIGITTE LUKAS-SZABADY @ REALTY EXECUTIVES-SUNCOAST can aid you in expediting the transaction and make certain you're protected. Don't permit inexperience to hinder the closing process. Put our knowledge and experience to work for you.
Even with an experienced real estate agent and under the best circumstances, buying a short sale property will probably take longer than a typical real estate transaction. Know that many short sales will not close in less than 30 days. Remember that you're not only having to get approval from the seller, but the lender must also agree to the sale terms. A lot of the time your offer will be seen by a committee for approval which will add time - sometimes even 2 to 3 months.
Home warranties, buyer credits and allowances, and closing cost concessions are normally non-negotiable when buying a short sale. The lender will be selling the property just the way it is which means the lender isn't going to pay for repairs. Always reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At BRIGITTE LUKAS-SZABADY @ REALTY EXECUTIVES-SUNCOAST, when we write an offer, we're looking out for your interests first and will always advise you to make your offer contingent upon the inspection results.

When you're ready to buy, whether it is a short sale or a typical home sale, BRIGITTE LUKAS-SZABADY @ REALTY EXECUTIVES-SUNCOAST can help. Utilize our experience and knowledge of real estate to make sure that you're getting a fair deal and protect yourself during the entire deal.