What Is A Short Sale?

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Services for Real Estate Pros with Get It Done For Me Virtual Services DRE# SL641317

What is a short sale in real estate, and how can you take advantage of it when buying a home?

 

This term refers to the process of selling a property for less than its mortgage value. It serves as an easier alternative when facing foreclosure, because it spares the homeowner from loan payments  and allows creditors to recover at least part of  the money that was owed to them.

 

If you're looking for a great deal that would save you some money,  you may want to consider buying a short sale home. Not a lot of people understand how this type of transaction works, so you will have less competition to worry about.

 

A short sale would also work to your benefit should you purchase a property for investment  purposes. Here's an  awesome idea, have it rented out! You may even negotiate rent with the former owner, should  they be interested  with  living in the same home.

 

Learn more about short sale homes here: https://longislandshortsaleagents.com/

 

 

 

 

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New York Nassau County
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buyers
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
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Wow, I thought this short sale era is gone... We used to close over 40 short sales in crisis years, but I do not see short sales here anymore, nor do I miss them (LOL)

Dec 20, 2018 09:49 AM #1
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Katerina, great post and  sadly I am sure that we will start seeing short sales in the next few years in my  market, Endre

Dec 20, 2018 08:19 PM #2
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Katerina Gasset

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