Buying or selling your Morrisville house

Want to buy a short sale?

A short sale happens when the homeowner's lender consents to receive a reduced sum to release a mortgage. For more information, simply 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.

Are short sales good deals?

Sometimes. Many people hear the words "short sale" and routinely think of a seller that is in default and must sell their house fast to avert further financial problems. This is at times the case and can be an opportunity for a buyer to take advantage of 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 fallen. In these instances the discounted price may in fact be consistent with actual market values rather than below.

How do I buy a short sale?

Before making any purchase offers, do your homework. Using a knowledgeable real estate professional from RE/MAX Performance to assist you with researching a property can help you make informed decisions. We can help discover to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Acquiring this info can help you decide how much to offer.
Use a real estate agent with short sale expertise. RE/MAX Performance can help expedite the transaction and make certain you're protected. Don't let inexperience impede the closing process. Put my knowledge and experience to work for you.
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 most 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. A lot of the time your offer will go before 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 buying a short sale. The lender will sell the property just the way it is which means the lender will not be paying for repairs. Make 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'm looking out for your interests first and will always recommend 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, RE/MAX Performance is here to help. Apply my experience and knowledge of real estate to be certain you are getting a fair deal and will be protected during the whole purchase 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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