Looking to purchase a short sale?
A short sale happens when the homeowner's lender has agreed to get a reduced sum to release a mortgage.
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Are short sales bargains?
Every now and then a good deal will come along. Often times people hear the phrase "short sale" and instinctively think of a seller that is in financial trouble and must sell their house promptly to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to take advantage of another's misfortune. Alternatively, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In these cases the discounted price may in fact be closer to true market values instead of below.
Are you ready to buy a short sale property?
When it's time to buy, whether it be a short sale or a typical home sale, Coldwell Banker can help. Utilize our experience and knowledge of real estate to be confident you're getting a fair deal and are protected during the full matter.