Want to purchase a short sale?


	When a lender and a seller agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale. For more information, you can contact me through my site or e-mail me. I'm happy to address questions you have regarding real estate short sales.

Purchasing a short sale in Brandon, Florida on your own is risky. Contact Keller Williams Realty for expert advice.

Are short sales bargains?

Every now and then a good deal will come along. Often times people hear the words "short sale" and instinctively think of a seller that is in trouble and must sell their home quickly to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to take advantage of another's misfortune. Alternatively, 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 current market values rather than below.

How do I buy a short sale?

Prior to making any purchase offers, do your research. Using a knowledgeable REALTOR^® from Keller Williams Realty to support your research of a property will help you make knowledgeable decisions. We can help learn to whom the property is titled, the balance still owed to the lender, and whether or not a foreclosure notice has been filed. Finding this information can help you decide how much to offer.
Use a real estate agent with short sale knowledge. The real estate agents at Keller Williams Realty can help expedite the transaction and make sure you're protected. Don't let inexperience hold up the closing process. Put our experience and knowledge to work in your favor.
Even in the best of situations and with an experienced real estate agent, buying a short sale property will generally take longer than a typical real estate transaction. Be informed that most 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 discounted price. A lot of the time your offer will be presented 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 generally non-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. Always reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Keller Williams 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 inspection results.

When it's time to buy, whether it's a short sale or a typical home sale, Keller Williams Realty can help you. Use our experience and knowledge of real estate to be certain that you're getting a fair deal and protect yourself during the complete deal.