Looking to make a deal on a short sale?

If a seller is upside down on their mortgage payments, they can sometimes get the lender to agree to a short sale, whereby the lender consents to release the mortgage for a sum less than what's due. For more information, simply 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 Mineral Wells, Texas on your own is risky. Contact Ender & Associates Realty for expert advice.

Can I get a good deal on a short sale?

Sometimes. Many people hear the words "short sale" and automatically think of a seller that is insolvent and must sell their property quickly to avoid further financial problems. This is at times the case and can be an opportunity for a buyer to make the most of another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have fallen. In cases such as these the discounted price may in fact be in line with actual market values instead of below.

Are you ready to buy a short sale property?

  • Before you make any purchase offers, do your homework. Using a qualified real estate professional from Ender & Associates Realty to help you research a property can help you make informed decisions. We can help find out to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Having this info can help you make a decision about how much to offer.
  • Hire a REALTOR® with short sale experience. Ender & Associates Realty can help expedite the transaction and ensure that you're protected. Don't let inexperience hinder the closing process. Let my experience and knowledge work in your favor.

  • 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. Know that many short sales will not close in 30 days or less. 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. In most cases your offer will be sent to a committee to approve or disapprove, which will add time - sometimes even 2 to 3 months.
  • Home warranties, buyer credits and allowances, and closing cost concessions are normally not negotiable when working with a short sale. The lender will sell the property just the way it is which means the lender won't be paying for repairs. Make sure you reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Ender & Associates Realty, when I write an offer, I am looking out for your interests first and foremost and will always advise you to make your offer contingent upon the results of the inspections.
When it is time to buy, whether it's a short sale or a typical home sale, Ender & Associates Realty is available for you. Use my experience and knowledge of real estate to be confident that you're getting a fair deal and will be protected during the full purchase transaction.

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