Ready to make a deal on a short sale?


	A short sale means the seller's lender has agreed to collect a reduced sum to release a mortgage.

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 good deals?

Sometimes. Most people hear the words "short sale" and routinely think of a seller that is in trouble and needing to sell their home fast to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. More commonly, a lender may consider a short sale even if the seller is current, but property values have depreciated. In these cases the "bargain" price may in fact be closer to current market values, not below.

Are you ready to buy a short sale property?

Before you make any purchase offers, do your research. Using a qualified REALTOR^® from Windermere R E /K-2 Realty LLC to assist you with researching a property will help you make knowledgeable decisions. We can help reveal to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Acquiring this info can help you determine how much to offer.
Hire a real estate professional with short sale knowledge. The real estate agents at Windermere R E /K-2 Realty LLC can aid you in expediting the transaction and ensure that you're protected. Don't let inexperience 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 informed that a majority of short sales will not close in 30 days or less. Remember that you're not only getting approval from the seller, but the lender must also agree to the discounted price. In most cases your offer will be presented to a committee to approve, which will add time - sometimes even 2 to 3 months.
Home protection warranties, buyer credits and allowances, and closing cost concessions are generally non-negotiable when dealing with a short sale. The lender will be selling the property "as 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 Windermere R E /K-2 Realty LLC, when I write an offer, I will be looking out for your interests first and foremost and will always advise you to make your offer contingent upon the outcome of the inspections.

When you're ready to buy, whether it is a short sale or a typical home sale, Windermere R E /K-2 Realty LLC can help you. Apply my experience and knowledge of real estate to be certain that you're getting a fair deal and are protected during the whole transaction.