Want to make a deal on a short sale?


	A short sale happens when the seller's lender has agreed to collect a reduced payment to release a mortgage. Should you have questions regarding real estate in Fall River, Massachusetts, contact me here or e-mail me.

Purchasing a short sale in Fall River, Massachusetts on your own is risky. Contact EZ Home Search Real Estate for expert advice.

Can I get a bargain on a short sale?

Occasionally. Most people hear the phrase "short sale" and automatically think of a seller that is in financial trouble and needing to sell their house promptly to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to do well from another's misfortune. In contrast, a lender may consider a short sale even if the seller is current, but property values have declined. In these instances the discounted price may in fact be in line with true market values rather than below.

How do I buy a short sale?

Before making any purchase offers, do your homework. Using an experienced REALTOR^® from EZ Home Search Real Estate to assist you with researching a property will help you make educated decisions. We can help learn to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Obtaining this data can help you determine how much to offer.
Hire an agent with short sale expertise. The real estate agents at EZ Home Search Real Estate can help expedite the transaction and make sure you're protected. Don't let inexperience impede the closing process. Let our experience and knowledge 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 aware that many short sales will not close in the customary 30 days or less. Remember that you're not only having to satisfy the seller, but the lender must also agree to the terms of the sale. It's not uncommon that your offer will go before a committee to approve, which will add time - sometimes even 2 to 3 months.
Home protection plans, buyer credits and allowances, and closing cost concessions are generally not negotiable when dealing with a short sale. The lender is selling the property as seen which means the lender won't be paying for repairs. Make sure you reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At EZ Home Search Real Estate, when I write an offer, I am looking out for your interests first and foremost and will always advise you to make your offer contingent upon the outcome of the inspections.

When you are ready to buy, whether it's a short sale or a typical home sale, EZ Home Search Real Estate can help you. Use my experience and knowledge of real estate to be certain that you are getting a fair deal and protect yourself during the complete purchase transaction.