Buy Short Sales

Dated: 04/17/2017

Views: 908

Short Sale by Tony Nakhle

Short sales sell at an average 11% discount to similar homes, and foreclosures at 16% off, according to the National Association of Realtors. The downside is that short sales are complex and time-consuming, and foreclosures frequently require extensive renovations.

If you aren’t in a rush and prefer not to contend with major repairs, a short sale might be attractive. Such homes are generally in better shape than foreclosures, because the owners still live there and are responsible for upkeep. But they can take months longer than a normal transaction because the lender must agree to the sale. Other liens—unpaid association dues, for example, or a second mortgage—need to be cleared up. And even after all that, the bank may balk at the last minute. To save time and hassle, look for short sales the bank has already okayed, indicated by “approved short sale” in the listing info. 

Call me if you have an Auction or Foreclosure pending on your home and for all your short sale needs. 

Check out my latest Short Sale listing in Brockton {mls: 72144750}

Blog author image

Tony Nakhle

Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale Born and raised in Beirut Lebanon, moved to the Boston area in 1990. Got my Real Estate license in 1994....

Latest Blog Posts

It All Starts With The Offer

Buying a home can be a very exciting and nerve wracking time, especially if it's your first home. While there's literally the entire process leading up to getting the keys, one of the most important

Read More

Rising Mortgage Rates

Rising Rates?Mortgage rates forecast for April 2018Just months into the year, mortgage rates have already met 2018 predictions. In late 2017, when thirty-year fixed rates were still in the high

Read More

123 Pine Street In Holbrook Is For Sale By EXP Realty

123 Pine Street In Holbrook Is For Sale By EXP Realty 123 Pine Street Holbrook MA 02343 OverviewMapsPhotosDescriptionNeighborhoodMarket

Read More

Mortgage Rates Ease First Week In April 2018

Mortgage Rates Ease This Week For Week Ending April 6th and We can Help Save You More Mortgage Rates Last Week        Freddie Mac reported the following national averages

Read More