Want to buy a short sale?


	A short sale happens when the homeowner's lender has agreed to accept a reduced amount to release a mortgage. For more information, just contact me through my site or e-mail me. I'm happy to address any questions you have about real estate short sales.

Purchasing a short sale in Jacksonville, Florida on your own is risky. Contact Royal Highlander Real Estate Consultants, LLC for expert advice.

Are they good deals?

From time to time, yes. Often times people hear the term "short sale" and instinctively think of a seller that is insolvent and must sell their house fast to prevent further financial problems. This is at times 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 depreciated. In these cases the reduced price may in fact be in line with true market values instead of below.

What's involved in buying a short sale?

Always do your research before making any offers. Using a knowledgeable real estate professional from Royal Highlander Real Estate Consultants, LLC to support your research of a property will help you make informed decisions. We can help find out to whom the property is titled, the balance still owed to the lender, and whether or not a foreclosure notice has been filed. Obtaining this data can help you decide how much to offer.
Get a REALTOR^® with short sale knowledge. The real estate agents at Royal Highlander Real Estate Consultants, LLC can aid you in expediting the transaction and ensure that you're protected. Don't allow inexperience to impede the closing process. Let our experience and knowledge work in your favor.
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. Know that most short sales will not close in the customary 30 days or less. Remember that you're not only having to satisfy the seller, but the lender must also agree to the discounted price. A lot of the time your offer will be seen by a committee for approval which will add time - sometimes even 2 to 3 months.
Home protection plans, buyer credits and allowances, and closing cost concessions are normally non-negotiable when buying a short sale. The lender is selling the property just the way it is which means the lender isn't going to pay for repairs. Be sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Royal Highlander Real Estate Consultants, LLC, when we write an offer, we're looking out for your interests first and foremost and will always suggest that you make your offer contingent upon the inspection results.

When it's time to buy, whether it's a short sale or a typical home sale, Royal Highlander Real Estate Consultants, LLC is here to help. Use our experience and knowledge of real estate to make sure that you're getting a fair deal and will be protected during the full deal.