Bargain Hunter Tips for Home Buyers

By
Real Estate Agent with Keller Williams Elite HRRA# 0225063945

First time home buyer tips come in all shapes, sizes, and sources!. From little tricks of the trade related to the mortgage process to insider information on selecting a real estate agent, there surely is no shortage of guidance available to a first time home buyer.

 

If a home is being sold for less than what the current owner owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale.

A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure.

This can be GREAT news for you, the buyer. A short sale can be quite the bargain!


Are you looking for a bargain? Check out this gorgeous home just approved for short sale.

Not what you're looking for? Be sure to registerd on my website to get email notifications when your perfect home is listen.

 

Comments (1)

Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

We take alot of this info for granted, but some dont have any clue on the short sale terms etc for example

Apr 07, 2016 01:16 AM