Buying or selling your Morrisville house

Looking to buy a short sale?

When a lender and a homeowner 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, just contact me through my site or e-mail me. I'm happy to answer any questions you have about real estate short sales.

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

Are they good deals?

The short answer is "sometimes". Many people hear the term "short sale" and instinctively think of a seller that is in default and must sell their property fast to avoid further financial problems. This is occasionally 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 with their mortgage, 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?

Always do your homework before making any offers. Using a qualified real estate professional from RE/MAX One Hundred 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. Acquiring these facts can help you determine how much to offer.
Get a real estate professional with short sale knowledge. RE/MAX One Hundred can aid you in expediting the transaction and make certain you're protected. Don't allow inexperience to impede the closing process. Let my experience and knowledge 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 a majority of 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 terms of the sale. It's not uncommon that your offer will be seen by a committee to approve or disapprove, which will add time - sometimes even 2 to 3 months.
Home protection warranties, buyer credits and allowances, and closing cost concessions are generally not negotiable when dealing with a short sale. The lender is selling the property "as is" 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 RE/MAX One Hundred, when I write an offer, I am looking out for your interests first and foremost and will always suggest that you make your offer contingent upon the outcome of the inspections.

When you are ready to buy, whether it be a short sale or a typical home sale, RE/MAX One Hundred is here to help. Apply my experience and knowledge of real estate to feel confident you're getting a fair deal and are protected during the full deal.

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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