In my own short sale, we priced the house pretty low and got an offer very quickly. You need a buyer that is willing to stick around for a super long closing or changes to the agreement. In my case, it took almost 4 months from when we got the offer to when the closing took place.
Find answers about Foreclosure & Short Sale. The Mark boyland short sale team provides you with the answers to the top 100 foreclosure and short sale questions.
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The right NJ short sale specialist will usually have many cash buyers so you will be able to get an offer right away, and sell your property in NJ "as is" without having to make any repairs Once an offer is accepted, a contract will be drawn up by your Short Sale Agent to finalize the agreement.
A lender may consider a short sale if the seller is current but the value has fallen. The seller may be over-encumbered, that is, owe more than the home is worth, so a discounted price might bring the price in line with market value, not below it.
When browsing "Active" property on my website, if you see in the description that it’s "Active With Contract," please understand that it’s not really active and that it does have an accepted contract on it, however it’s most likely a short sale and the seller wants to leave the property on the market for a backup offer to use in the event the.
A short sale is a sale of a property where the proceeds of the sale are less than the balance owed on the mortgage covering the property. A short sale might be right for many people, but is it the best option for you? Consider the following before deciding on a short sale of your home. A Short Sale Won’t Save Your Credit Score
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A short sale in real estate is not always a pleasant transaction, but short sales have come a long way since 2006, so don’t sell the concept short. Our present economy does not mean that short sales have gone away.