Salt Lake City, UTAH – If you are considering buying a short sale, then you should know what you are getting involved with.
First off congratulations! Buying a short sale is a great decision. Most short sales usually sell for 3-5% less than other comparable homes.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
So you get the advantage of getting a good deal. Now, I am sure you are asking, “Why are short sales a bargain?”
The reason is that a short sale takes longer than a normal real estate sale. You have to wait 30-60 days for the seller’s bank to approve your offer.
In addition, some agents do not understand short sales. They talk bad about them even though they have not educated themselves on how they work.
Here are a few things you should educate yourself on before making an offer on a short sale.
How experienced at short sales is the seller’s agent? If the seller’s agent has little short sale experience, then you should probably look at another house.
How many liens does the seller have? If the seller has three or more mortgages and/or liens, then you should pass. It’s hard to make a short sale work in these situations.
Remember the Aesop’s Fable about the monkeys with their hands in the jar? Well, all three lienholder’s hands are in the cookie jar. But, none will put down any cookies so they can pull their hand out.
The bottom line: One or two mortgages and/or liens is ok. Three or more is not.
Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at forsiecity@gmail.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Utah loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Dave Forsberg.
Dave is a Real Estate Agent at Presidio Utah Real Estate - Bountiful. Bountiful Short Sales Realtor:
Phone: (801) 651-0707. utahhomesaver@gmail.com.
Greater Salt Lake Short Sales. Real Help for those that need it most.
NEED TO SELL IMMEDIATELY, WE BUY HOMES IN ANY CONDITION AND CLOSE IN 7 DAYS OR LESS! Call me at 801.651.0707 and let's discuss all you options.
David Forsberg specializes in loan modification assistance and short sales in Utah. Bountiful Loan Modification Help, Bountiful Short Sales. Bountiful Short Sale Realtor Bountiful UT Short Sales. Bountiful Realtor. North Salt Lake Realtor, North Salt Lake Short Sales. Short Sales in North Salt Lake. Woods Cross Short Sales. Short Sales in Woods Cross. Woods Cross Realtor. Sunset Short Sales. Short Sales in Sunset. Sunset Realtor. Kaysville Short Sales. Kaysville Realtor. Short Sales in Kaysville. Salt Lake City Short Sales. Short Sales in Salt Lake City. Salt Lake City Realtor. Centerville Short Sales. Short Sales in Centerville. Centerville Realtor.
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