Yes, there are available short sales in The Cliffs ® and The
Reserve but there are also some “just really good deals” that buyers should
explore. Don’t get so focused on the “short sale” that you miss the “good deal”.
Short sales take time and the banks can be less than cooperative, leaving the
buyer with no for an answer after several months and opportunities lost. There
are inherent risks that buyers do not face when negotiating directly with the
seller. The good deals are better suited for buyers who want to lock in a good
price without much delay or red tape. If you don’t consider yourself to be
patient, the short sale route is not what you want.
Keep in mind short sales
happen when the bank (and seller) agrees to allow the buyer to purchase a
property for less than what is owed on the mortgage. If an owner has taken the
equity out of a property, the mortgage may not reflect an accurate valuation.
It takes homework, a great realtor (which is where I come in), cooperation,
savvy lawyers, time and hard work.
A “good deal” can be secured via a
relatively simple transaction negotiated by that same great realtor (yes, that
would be me) and the buyer and seller. Our team has closed a number of short
sales but our success rate on the good deals spans years! Your due diligence
should include checking out both the short sale opportunities and good deals
and serious consideration of the tradeoff involved in each
Contact us now to learn more about “good deals” and short
sales in The Cliffs ® and The Reserve.
