Buying a Short Sale in Queen Creek Arizona. As a buyer in a buyers market this is an excellent time to Buy a Short Sale in Queen Creek Arizona! There is an abundance of homes available mostly as short sale or lender owned properties. Here are some tips when Buying a Short Sale in Queen Creek Arizona to help protect yourself and to make the most of your home-buying investment.
Just because it is on the market doesn't mean it is for sale! This can be difficult for many buyers to understand but when Buying a Short Sale in Queen Creek Arizona, you should be familiar with this. While short sales are a great way to purchase property at below market value, the reality is that unless a qualified agent is handling these properties the chances of closing go down considerably.
When Buying a Short Sale in Queen Creek Arizona make sure you hire a qualified agent who specializes in distressed properties to help you with the following situations.
- Multiple Contracts: There is only one home to sell and only one contract should be accepted by the seller and submitted to the lender. If the listing agent will be submitting your contract as one of many you are basically entering into a blind auction for real estate and wasting everyone's time.
- Inspections: Make certain you have the option to have a professional inspection of the property. Consider doing the inspection as soon as you go into contract with the seller rather than waiting 90 days or more to see if the lender approves the short sale. This way if there is something wrong with the property you won't be wasting months of time waiting on a home you may not want to purchase.
- Strong Offer: In today's market, short sale properties are priced very competitively with the market, so put your absolute best offer on the contract. If you truly want to purchase the property make your offer count. Remember there may be multiple buyers interested in this property.
- Pre-Qualification: In today's market you must be able to prove that you are pre-qualified with financing or have proof of funds if paying cash. This has to be submitted with the offer.
When Buying a Short Sale in Queen Creek Arizona, hire an educated and experienced agent. We are Certified Distressed Property Experts (CDPE). A short sale is not a typical real estate transaction. They can be quite difficult with challenges along the way. However the right agent can guide you through this process smoothly.
For more information on Buying a Short Sale in Queen Creek Arizona or for a list of homes available, contact us today.
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