Ready to purchase a short sale?


	A short sale is when the seller's lender has agreed to accept a reduced sum to release a mortgage. For more information, just contact me through my site or e-mail me. I'm glad to address any questions you have regarding real estate short sales.

Purchasing a short sale in Moses Lake, Washington on your own is risky. Contact Windermere R E /K-2 Realty LLC for expert advice.

Are short sales bargains?

Sometimes. Often times people hear the phrase "short sale" and automatically think of a seller that is insolvent and needing to sell their home fast to avert further financial problems. This is at times the case and can be an opportunity for a buyer to take advantage of another's misfortune. In contrast, a lender may consider a short sale even if the seller is current, but property values have declined. In these cases the reduced price may in fact be in line with actual market values, not below.

What's involved in buying a short sale?

Always do your homework before making any offers. Using a qualified real estate professional from Windermere R E /K-2 Realty LLC to support your research of a property can help you make educated decisions. We can help learn to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Getting this data can help you determine how much to offer.
Hire a real estate professional with short sale experience. The real estate agents at Windermere R E /K-2 Realty LLC can help expedite the transaction and make sure you're protected. Don't allow inexperience to hold up 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 usually take longer than a typical real estate transaction. Be aware that a majority of 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 seen by a committee for approval which will add time - sometimes even 2 to 3 months.
Home protection warranties, buyer credits and allowances, and closing cost concessions are normally not up for negotiation when buying a short sale. The lender will be selling the property as seen which means the lender isn't going to pay for repairs. Make sure you reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Windermere R E /K-2 Realty LLC, when we write an offer, we will be looking out for your interests first and will always recommend that you make your offer contingent upon the results of the inspections.

If you're ready to buy, whether it's a short sale or a typical home sale, Windermere R E /K-2 Realty LLC can help you. Use our experience and knowledge of real estate to make sure you are getting a fair deal and protect yourself during the whole transaction.