Looking to buy a short sale?


	A short sale means the homeowner's lender has agreed to receive a reduced payment to release a mortgage. Should you have any questions regarding real estate in Escondido, California, contact me here or e-mail me.

Purchasing a short sale in Escondido, California on your own is risky. Contact Real Estate eBroker DRE# 01852221 for expert advice.

Are short sales bargains?

From time to time, yes. Often times people hear the words "short sale" and instinctively think of a seller that is in financial trouble and needing to sell their home promptly to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. More commonly, 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 current market values, not below.

Are you ready to buy a short sale property?

Before making any purchase offers, do your research. Using an experienced REALTOR^® from Real Estate eBroker DRE# 01852221 to support your research of a property can help you make informed decisions. We can help learn to whom the property is titled, how much is 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 experience. The real estate agents at Real Estate eBroker DRE# 01852221 can help expedite the transaction and ensure that you're protected. Don't let inexperience delay the closing process. Put our 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 probably take longer than a typical real estate transaction. Know 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 discounted price. 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 typically non-negotiable when working with a short sale. The lender will sell the property just the way it is which means the lender isn't going to pay for repairs. Make sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Real Estate eBroker DRE# 01852221, when we write an offer, we are looking out for your interests above all else and will always advise you to make your offer contingent upon the results of the inspections.

When you are ready to buy, whether it's a short sale or a typical home sale, Real Estate eBroker DRE# 01852221 can help. Use our experience and knowledge of real estate to make sure that you are getting a fair deal and are protected during the complete transaction.