Ready to make a deal on a short sale?


	When a lender and a seller agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale. For more information, simply contact me through my site or e-mail me. I'm glad to answer any questions you have regarding real estate short sales.

Purchasing a short sale in Umatilla, Florida on your own is risky. Contact Silver Beach Realty, LLC for expert advice.

Are short sales bargains?

Every now and then a good deal will come along. Often times people hear the words "short sale" and routinely think of a seller that is in trouble and needs to sell their property fast to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to do well from another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have declined. In cases such as these the reduced price may in fact be closer to actual market values rather than below.

Are you ready to buy a short sale property?

Always do your homework before making any offers. Using an experienced real estate agent from Silver Beach Realty, LLC to support your research of a property can help you make educated 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 information can help you determine how much to offer.
Use a real estate professional with short sale experience. The real estate agents at Silver Beach Realty, LLC can aid you in expediting the transaction and make sure you're protected. Don't permit inexperience to slow down the closing process. Put our experience and knowledge to work in your favor.
Even with an experienced real estate agent and under the best of situations, buying a short sale property will generally take longer than a typical real estate transaction. Be aware that a majority of short sales will not close in 30 days or less. Remember that you're not only having to satisfy the seller, but the lender must also agree to the sale terms. Commonly, your offer will be sent to 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 usually not up for negotiation when buying a short sale. The lender will be selling the property as seen which means the lender will not be paying for repairs. Make sure you reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Silver Beach Realty, LLC, when we write an offer, we are looking out for your interests above all else and will always suggest that you make your offer contingent upon the results of the inspections.

If you're ready to buy, whether it be a short sale or a typical home sale, Silver Beach Realty, LLC can help. Use our experience and knowledge of real estate to be certain you are getting a fair deal and remain protected during the entire transaction.