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Arvelyn Lewis' Blog

By Arvelyn Lewis, Assoc Broker | Agent in Buckhead Triangle, A...

What Is A Pre-Approved Short Sale?

In todays's market, there are many factors to consider when buying a home. Estate Sale, Owner, Foreclosure ans Short Sale and the various options that come up for buyers.  Regarding a Short Sale, there are a variety of degrees of pre-approved. Sometimes, it means the seller has been approved to participate in a short sale and other times, it means the property and the price have been approved.  In all situations, the seller's lien holder will have final approval on the buyer's offer.  The thing to ask when considering a short sale is, "Has the property been approved in writing at the list price?"  If the answer is yes, you might expect an abbreviated wait to acceptance of your offer.  This lovely remodel on Kings Crossing has been approved to sell at listed price of $110,000.

Happy Shopping.

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