Want to purchase a short sale?


	When a lender and a homeowner agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale. If you have questions regarding real estate in Davenport, Florida, contact me here or e-mail me.

Purchasing a short sale in Davenport, Florida on your own is risky. Contact Orlando Golf Realty for expert advice.

Can I get a bargain on a short sale?

Occasionally. Many people hear the words "short sale" and instinctively think of a seller that is in financial trouble and needing to sell their home 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. In contrast, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In these cases the reduced price may in fact be consistent with current market values rather than below.

Are you ready to buy a short sale property?

Always do your homework before making any offers. Use an experienced real estate professional who has the Short Sale and Foreclosure Resource certification to assist you with researching a property in order make knowledgeable decisions. I 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. Getting these facts can help you decide how much to offer.
Hire a REALTOR^® with short sale experience. I have the SFR Certification. I can aid you in expediting the transaction and make certain you're protected. Don't allow inexperience to hold up the closing process. Put my knowledge and experience to work for you.
Even in the best of situations and with an experienced real estate agent, buying a short sale property will usually take longer than a typical real estate transaction. Be aware that most short sales will not close in the customary 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. A lot of the time your offer will be sent to a committee for approval which will add time - sometimes even 2 to 3 months.
Home protection plans, buyer credits and allowances, and closing cost concessions are generally non-negotiable when working with a short sale. The lender is selling the property "as is" which means the lender isn't going to pay for repairs. Make sure you reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Orlando Golf Realty, when we write an offer, we're looking out for your interests above all else and will always suggest that you make your offer contingent upon the outcome of the inspections.

If you are ready to buy, whether it is a short sale or a typical home sale, I am ready to help. Use my experience and knowledge of real estate to be certain you are getting a fair deal and remain protected during the complete matter.