Buying a Short Sale Home in Edwardsville, Illinois
If you're interested in purchasing a short sale home in Edwardsville, Illinois, there are currently some good choices for the right buyer.
As of today there are eight short sale homes in Edwardsville, many of which are located in some of the area's most sought-after neighborhoods. (That's not one of them pictured to the right. That's the lovely Edwardsville Public Library.)
The number of short sale properties available in Edwardsville is subject to constant change, so for a list of those on the market as you're reading this post, email me at Nancy@GoshenRealtyGroup.com and put Short Sale List in the subject line.
So who is the right buyer for an Edwardsville IL short sale? It's you if you have:
1.) Patience -- Short sales can take time and the lender is in control of the timetable. If you can't live with this, don't try to buy a short sale home.
2.) Focus -- Knowing what you want and need in a home at the beginning of the search will save you time and effort. I have a series of questions you should ask yourself before buying a short sale or conventional property.
3.) No Time Sensitivity -- If you don't have to be out of your apartment, rental home, parents' house, friend's sofa, or hotel room on a certain date, you might be perfect as a short sale buyer. Or if you don't have to sell your existing home to be able to buy your next home, that's even better. Because of the lender controlled timetables mentioned above, you must be flexible in your closing/moving arrangements.
4.) Commitment to the Process -- Your short sales purchase may take longer than you think it should, but I am here to tell you that is normal and if you want that particular home you must be committed to sticking with the process.
5.) Lender Pre-Approval -- Don't bother to look at short sales if you are not pre-approved for your loan to purchase. It will waste your time. Need a lender? Call me and I will give you a list of good, local lenders who have closed transactions with my buyers this year and can issue quick pre-approvals to qualified individuals.
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