massachusetts short sale: What is too Low of an Offer on a Short Sale?
- 04/02/11 02:11 AM
This questions was just asked on Trulia, "I am interested in a short sale property which has been on the market for 2 years. How low is to low of an offer?" I thought it was a great question, as many home buyers think that a short sale means they can steal the property. In most cases, that is not true. Does it happen? Yes, but very infrequently. Unfortunately, many home buyers are disappointed and miss out on great homes because they do not understand how banks think about short sales. My response was, "There are many reasons the property could … (5 comments)
massachusetts short sale: What is a short sale?
- 02/10/11 06:21 AM
As a real estate agent that handles many short sales in Massachusetts, I run into many consumers that don't really know what a short sale is and entails.A short sale in real estate is when a homeowner cannot not sell a home in an open market for the amount owed on the home. Generally there is a financial hardship that prevents the homeowner from continuing to pay their mortgage, though we are hearing more and more about strategic short sales in the news. Once a underwater seller lists their home for sale and secures an offer than a "short payoff" must … (0 comments)
61 Ayers Village Road, Methuen MA Beautiful, modern colonial, set back on its own private oasis. Built in 2005 this home offers plenty of space, large eat in kitchen, many rooms with hardwoods and more..... large cathedral ceiling family room with fireplace and french doors that open to a beautiful sunroom. Great master suite with large master bath and large walk in closet. Laundry is on the first floor and in its own seperate room. This home has a long drive and is set way back … (0 comments)
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Kevin Vitali
Helping Massachusetts Home Buyers and Home Sellers
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