Virtural Real Estate How a Short-sale is the best deal for you?

Your decision to invest as a home buyer or Entreprenuer is not taken for granted as we understand the importance and commitment such an investment requires of you and your family. According to the most recent data from real estate information company RealtyTrac, 5.1% of all single-family home and condo sales in early 2016 were short sales.

The time has come for you to make a change.
Contact a Realtor

Once you have made the decision to contact a Real Estate Broker be sure the professional specializes in short sales. A short sale is a very complicated real estate transaction.

Short sales may not be recommended for first-time buyers, who may get frustrated with the extra paperwork and long waits. A traditional sales takes 30 to 45 days to close after the offer is accepted. A short sales typically takes 90 to 120 days, or even longer.
The reason behind short sales taking longer to close than the traditional is due to lenders who are stuck paying for closing costs that a seller would typically cover -- will often counter with their owne demands in an effort to raise their bottom line.
Seller accepts offer

Offers should be contingent upon the lender's acceptance.

The lender will not allow a seller to pay customary items that a traditional seller would pay. A buyer will be asked to purchase the property "as is", which means no repairs.
Created By
Terra Fontenot-Beard
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