Buying or selling your Morrisville house

Ready to buy a short sale?

A short sale is when the seller's lender agrees to accept a reduced payment to release a mortgage. Should you have any questions regarding real estate in Cary, North Carolina, contact me here or e-mail me.

Purchasing a short sale in Cary, North Carolina on your own is risky. Contact RE/MAX Performance for expert advice.

Are short sales bargains?

Occasionally. Many people hear the words "short sale" and routinely think of a seller that is in trouble and must sell their home fast to avoid further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on another's misfortune. More commonly, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In these instances the discounted price may in fact be closer to current market values, not below.

Are you ready to buy a short sale property?

Before you make any purchase offers, do your research. Using a qualified REALTOR^® from RE/MAX Performance to help you research a property will help you make informed decisions. We can help discover to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Obtaining this information can help you decide how much to offer.
Get an agent with short sale expertise. RE/MAX Performance can help expedite the transaction and make sure you're protected. Don't permit inexperience to hold up the closing process. Let my experience and knowledge work in your favor.
Even with an experienced real estate agent and under the best circumstances, buying a short sale property will generally take longer than a typical real estate transaction. Know 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 discounted price. Commonly, your offer will be presented to 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 normally not up for negotiation when buying a short sale. The lender will sell the property as seen which means the lender isn't going to pay for repairs. Make sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At RE/MAX Performance, when I write an offer, I will be looking out for your interests above all else and will always advise you to make your offer contingent upon the inspection results.

When it's time to buy, whether it is a short sale or a typical home sale, RE/MAX Performance is here to help. Use my experience and knowledge of real estate to make sure that you're getting a fair deal and protect yourself during the full process.

Looking to Buy?

Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

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