Mortgages

How to Buy Short Sale Homes


How to Buy Short Sale Homes

Helpful information on Buying a Short Sale Home

A Short Sale is when an owner sells their property for less than what they owe. The most common reasons for a Short Sale are:

Pros and Cons of Buying a Short Sale

You should also weigh the pros and cons of buying a Short Sale before making an offer.

The first step you should take when buying a Short Sale is to hire a realtor with Short Sale experience. The agent will be able to use their experience to expedite the transaction while protecting your interests. Your realtor can also assist you in finding out who is on the title and how much is owed to the lender(s). This will help you decide what to offer when approaching the seller.