Ready to make a deal on a short sale?


	When a lender and a homeowner agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale. If you have questions about real estate in Hollywood, Florida, contact me here or e-mail me.

Purchasing a short sale in Hollywood, Florida on your own is risky. Contact Real Estate 911 Inc for expert advice.

Can I get a bargain on a short sale?

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 insolvent and must sell their house promptly 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. Alternatively, a lender may consider a short sale even if the seller is current, but property values have depreciated. In these cases the "bargain" price may in fact be closer to actual market values instead of below.

Are you ready to buy a short sale property?

Always do your research before making any offers. Using a knowledgeable real estate professional from Real Estate 911 Inc to assist you with researching a property can help you make informed decisions. We can help find out to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Getting this data can help you make a decision about how much to offer.
Get an agent with short sale expertise. The real estate agents at Real Estate 911 Inc can help expedite the transaction and make certain you're protected. Don't permit inexperience to delay the closing process. Put our experience and knowledge to work in your favor.
Even in the best of situations and with an experienced real estate agent, 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 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. Commonly, 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 usually non-negotiable when working with a short sale. The lender is selling the property as seen which means the lender won't be paying for repairs. Be sure to reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At Real Estate 911 Inc, when we write an offer, we are looking out for your interests first and foremost and will always recommend that you make your offer contingent upon the results of the inspections.

If you are ready to buy, whether it is a short sale or a typical home sale, Real Estate 911 Inc is here to help. Utilize our experience and knowledge of real estate to feel confident you're getting a fair deal and will be protected during the complete process.