Short Sales
Beware of the “real deal” when buying real estate in today’s market! “Short Sales” are today’s hot trend among buyers looking for the best deal around. If you are looking for a short sale, you should be represented by a Buyer’s Broker who has the knowledge and experience to handle this type of transaction for you. Basically, a “short sale” is a sale of a property in which the seller owes more than what the property market value is. Because the lender must approve the purchase price, buyers really need to understand how these transactions are negotiated. A seller might very well accept a low price, BUT the lender must be willing to agree. Since the general public has no way of knowing from a seller what is actually owed on a property, buyers should consult with real estate brokers who have that information. While awaiting the lender’s approval, a buyer might be passing up other properties that are better priced and easier to purchase. Since “short sale” information is required as a disclosure to real estate brokers, we know how to advise you in this type of purchase. For assistance in foreclosures and short sales, call www.lasvegasproperties.com at 1-888-876-8383 or email terrilvp@cox.net.
Posted: October 16th, 2007 under Uncategorized.
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