Want to make a deal on a short sale?


	A short sale happens when the seller's lender agrees to collect a reduced sum to release a mortgage.

Purchasing a short sale in Yuba City, California on your own is risky. Contact Sandra Desmith Hablo Español DRE License #01494304. Office Coldwell Banker Associated Brokers for expert advice.

Are short sales bargains?

Every now and then a good deal will come along. Many people hear the term "short sale" and instinctively think of a seller that is in default and needs to sell their property promptly to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on another's misfortune. More commonly, a lender may consider a short sale even if the seller is current, but property values have declined. In these instances the "bargain" price may in fact be closer to true market values instead of below.

Are you ready to buy a short sale property?

Prior to making any purchase offers, do your homework. Using a qualified REALTOR^® from Sandra Desmith Hablo Español DRE License #01494304. Office Coldwell Banker Associated Brokers to assist you with researching a property will help you make educated decisions. We can help find out to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Having these facts can help you make a decision about how much to offer.
Hire a real estate agent with short sale experience. The real estate agents at Sandra Desmith Hablo Español DRE License #01494304. Office Coldwell Banker Associated Brokers can help expedite the transaction and make certain you're protected. Don't permit inexperience to delay the closing process. Put our knowledge and experience to work for you.
Even in the best of situations and with an experienced real estate agent, buying a short sale property will probably take longer than a typical real estate transaction. Be aware 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 sale terms. In most cases your offer will be sent to a committee to approve or disapprove which will add time - sometimes even 2 to 3 months.
Home protection warranties, buyer credits and allowances, and closing cost concessions are normally not negotiable when dealing with a short sale. The lender will be selling the property as seen which means the lender won't be paying for repairs. Always reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Sandra Desmith Hablo Español DRE License #01494304. Office Coldwell Banker Associated Brokers, when we write an offer, we will be looking out for your interests first and will always recommend that you make your offer contingent upon the inspection results.

If you are ready to buy, whether it's a short sale or a typical home sale, Sandra Desmith Hablo Español DRE License #01494304. Office Coldwell Banker Associated Brokers is available for you. Use our experience and knowledge of real estate to be confident that you are getting a fair deal and remain protected during the complete matter.