Want to make a deal on a short sale?


	If a homeowner 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 owed. For more information, just 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 Tarpon Springs, Florida on your own is risky. Contact Investment Florida Realty, LLC for expert advice.

Are short sales good deals?

Sometimes. Often times people hear the phrase "short sale" and instinctively think of a seller that is insolvent and needing to sell their home promptly to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. On the other hand, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In these cases the discounted price may in fact be in line with current market values, not below.

What's involved in buying a short sale?

Always do your research before making any offers. Using a qualified real estate professional from Investment Florida Realty, LLC to assist you with researching a property will help you make informed decisions. We can help learn 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 data can help you determine how much to offer.
Use a REALTOR^® with short sale expertise. The real estate agents at Investment Florida Realty, LLC can assist you in expediting the transaction and make certain you're protected. Don't allow inexperience to impede the closing process. Let our experience and knowledge work for you.
Even with an experienced real estate agent and under the best circumstances, buying a short sale property will generally 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 having to satisfy the seller, but the lender must also agree to the terms of the sale. Commonly, your offer will be presented to a committee to approve which will add time - sometimes even 2 to 3 months.
Home protection plans, buyer credits and allowances, and closing cost concessions are normally non-negotiable when working with a short sale. The lender will sell the property as seen which means the lender will not be paying for repairs. Be sure to reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At Investment Florida Realty, LLC, when we write an offer, we are looking out for your interests first and will always advise you to make your offer contingent upon the inspection results.

When you are ready to buy, whether it's a short sale or a typical home sale, Investment Florida Realty can help. Apply our experience and knowledge of real estate to feel confident that you are getting a fair deal and remain protected during the entire matter.