Looking to purchase a short sale?


	When a lender and a seller agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale.

Purchasing a short sale in Aptos, California on your own is risky. Contact Keith Levine CA.DRE# 00646506 Real Estate Service for expert advice.

Can I get a bargain on a short sale?

Sometimes. Many people hear the phrase "short sale" and routinely think of a seller that is insolvent and needing to sell their home fast to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to do well from another's misfortune. More commonly, a lender may consider a short sale even if the seller is current with their mortgage, but property values have declined. In cases such as these the discounted price may in fact be in line with actual market values, not below.

How do I buy a short sale?

Before making any purchase offers, do your homework. Using an experienced REALTOR^® from Keith Levine CA.DRE# 00646506 Real Estate Service to assist you with researching a property can help you make knowledgeable decisions. We can help reveal to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Getting this info can help you make a decision about how much to offer.
Use a real estate professional with short sale knowledge. The real estate agents at Keith Levine CA.DRE# 00646506 Real Estate Service can help expedite the transaction and ensure that you're protected. Don't let inexperience impede the closing process. Let our experience and knowledge work for you.
Even with an experienced real estate agent and under the best of situations, buying a short sale property will usually take longer than a typical real estate transaction. Be informed that most short sales will not close in less than 30 days. Remember that you're not only having to satisfy the seller, but the lender must also agree to the discounted price. In most cases your offer will be sent to a committee for approval which will add time - sometimes even 2 to 3 months.
Home protection warranties, buyer credits and allowances, and closing cost concessions are typically not up for negotiation when dealing with a short sale. The lender is selling the property just the way it is which means the lender won't be paying for repairs. Make sure you reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At Keith Levine CA.DRE# 00646506 Real Estate Service, when we write an offer, we will be looking out for your interests first and foremost and will always advise you to make your offer contingent upon the outcome of the inspections.

When you're ready to buy, whether it is a short sale or a typical home sale, Keith Levine CA.DRE# 00646506 Real Estate Service is available for you. Apply our experience and knowledge of real estate to be certain that you are getting a fair deal and will be protected during the full matter.