Saturday, October 11, 2008

Short Sales (Buyers Perspective)

There are many topics relating to short sales that I want to discuss, but I will touch on a few different thoughts/ideas.

One thing to understand about short sales is that many facets of the transaction are determined by the Sellers Lender. Such as the final purchase price, timeframe for acceptance of the offer, the closing date to name a few.

It is important to work with a Realtor that understands the process and can walk you step by step.

I have worked with many buyers purchasing short sales. Short sales may also be in a pre-foreclosure or foreclosure situation, depending on the seller’s situation.

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