This video along with the post below will help guide you or at least give you the best understanding of what goes into a short-sale. Don’t forget the exemption runs out at the end of this year, so it is very important to act soon. We are all here to help.
What does it take to get your short sale closed?
We all know it can be a challenge to close on a short sale listing, and I think the number one thing to make it happen is a buyer who is dedicated to sticking with it no matter what. Buyers who get spooked at the first bump in the road are not going to be able to go the distance. Buyers who are out shopping around and making offers on every possible property are not serious.
A buyer with only one property in mind will be paying attention and doing whatever it takes to close the deal. When the banks are holding their ground and not willing to pay for things which would normally be covered by a seller, a serious short sale buyer will be prepared to pony up for:
- termite inspection
- termite treatment
- condominium documents
- needed repairs
- seller closing costsAs a buyer, are you ready for anything? Can you keep on paying and paying just to have the property of your dreams? While it might seem like it will never end, eventually there can be a happy ending.Congratulations to the new owner of 438 Kaupakalua Road, Haiku Maui. She was a great buyer who kept up her spirits and didn't balk at every turn in the road. She had a great buyer's agent to lead her to the finish line, and actually it was a pretty short distance as these things go. Thank you, both of you!
If you have questions about the real estate market, about buying or selling a home on Maui, please contact me, a local Maui REALTOR.call or text me 808 283-0635 ~ EMAILAloha from Maui...