Gainesville Short Sale Buyer Advantages Some Gainesville Realtors® may even advise prospective Gainesville home buyers to stay away from short sale listings. It is the agent’s option to understand and work with short sales. But if the buyer is interested, the agent could refer the buyer to an experienced Gainesville short sale agent. If you are an agent not offering a short sale, then tell the buyer outright that you are not going to show them any short sale listings.

As a buyer, here are the benefits of buying a Gainesville short sale

Buying a short sale means getting a good deal on a home that is not a foreclosure. Since you are allowed to inspect the home’s condition, you are most likely getting a home that is in better shape than a bank owned. As with a foreclosed home, banks do not disclose the history and condition of the property.

If you have ever wondered how much you have “saved” from buying a Gainesville short sale, well it’s usually 10% to 20% less of the normal market value of the neighborhood. You may not have made a "steal of a deal" as with a foreclosed property but you will get great value for your money in the long run.

This kind of a deal is a great buffer in case your local real estate market spirals down. Buying a short sale requires a lot of patience for the buyer and agents. It is highly advisable that you refer to an experienced Gainesville short sale agent since they have a proven experience in handling short sales.

A Hint to buyers: Before making an offer on a short sale listing, take notice of the following considerations about the listing agent:

• Will they be involved with the short sale process?
• How many short sales have they closed?
• Are they helpful and cooperative on first contact?

If you are the buyer’s agent, you have to make it a point that your buyer understands the short sale process. Your buyer has to patient during the complex and quite lengthy process of acquiring a short sale property, make sure you have their commitment to cooperate until closing.

Take note that the buyer must also be able to close immediately once the seller’s lender approves the short sale since most of the short sale acceptance letters requires a 30-day closing. Remind the buyer to secure their funds first hand. Gainesville Short Sale Buyer Advantages Other Articles to Read:

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When Can you Own a Home Again After Foreclosure?