I'm currently working with a buyer client buying his first home. We put in a successful bid on a condo and the process began. Let me interject that the listing agent has been very communicative and great to work with. Unfortunately I can't say the same for the lenders. Only one other condo has sold in that development since Jan. 1. That unit was also a short sale. It was a mirror image of the … (4 comments)
buyer client: So you want to buy a short sale!
- 08/13/12 08:09 PM
What are the pros and cons of shopping for a short sale. Can you get a "great deal"? How long will it take? The first thing to consider is your time frame. If you're selling your home and moving in to your next purchase a short sale probably isn't the way to go. The only exception would be if you have someplace else to stay while waiting for settlement on your short sale purchase. In that situation you could try to negotiate a post settlement occupancy but that could lessen your chances of securing a buyer. Of course there … (3 comments)
What to expect in a short sale? I suppose I could wear out my keyboard posting all that could happen and then still miss some.
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