Why would a buyer purchase a Short Sale? Buyers are free to make low offers and have them be entertained. There are no homeowners to be upset by the amount of the offer. You are letting the bank make a rational decision about how much they are willing to accept. For a buyer the Short Sale process is much better than purchasing a foreclosure property. Typically there are no chances to inspect foreclosure properties. Also, you have to do the title work (at an expense to you). When you purchase a Short Sale property, the bank will have to deliver a clear title. Most importantly Short Sales are handled by the Real Estate community. Meaning you get the benefit of your Realtor's knowledge.
Like any other undertaking make sure that you are receiving proper advice. My goal as a Realtor is to leave any situation in a better condition than when I found it. A Short Sale can offer major solutions to a painful situation.
For more information on Short Sales, New Jersey Homes for Sale, Bergen County Real Estate or any other topic,
call Sal Poliandro, Realtor, ePRO, SRES at 201-259-2187, or visit our website: http://www.salanddawn.com/
Sal can be reached by snail mail at RE/MAX Properties 81 North Maple Avenue Ridgewood, NJ 07450
Comments(6)