Buying or selling your Morrisville house

Looking to buy a short sale?

When a homeowner is upside down on their mortgage payments, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender consents to release the mortgage for a sum less than what's due. For more information, you can contact me through my site or e-mail me. I'm glad to address questions you have about real estate short sales.

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

Can I get a bargain on a short sale?

From time to time, yes. Often times people hear the term "short sale" and instinctively think of a seller that is in default and needing to sell their home promptly to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have declined. In these cases the reduced price may in fact be in line with true market values rather than below.

Are you ready to buy a short sale property?

Prior to making any purchase offers, do your research. Using a knowledgeable real estate professional from RE/MAX Performance to support your research of a property can help you make informed 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. Acquiring this data can help you make a decision about how much to offer.
Get a REALTOR^® with short sale experience. RE/MAX Performance can assist you in expediting the transaction and make sure you're protected. Don't allow inexperience to hold up the closing process. Let my experience and knowledge work for you.
Even with an experienced real estate agent and under the best circumstances, buying a short sale property will usually 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 getting approval from the seller, but the lender must also agree to the terms of the sale. In most cases your offer will be sent to a committee to approve, which will add time - sometimes even 2 to 3 months.
Home warranties, buyer credits and allowances, and closing cost concessions are generally not negotiable when dealing with a short sale. The lender will be selling the property "as is" which means the lender isn't going to pay for repairs. Be sure to reserve the right to have the property inspected 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 be a short sale or a typical home sale, RE/MAX Performance can help you. Use my experience and knowledge of real estate to feel confident you're getting a fair deal and protect yourself during the whole transaction.

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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