Short sales are for people who need to get out of their mortgage because they cannot afford it anymore. I myself did a short sale on my town house in 2009. We had lost over half of our value and could no longer afford it since we had career changes. Short sales are harder on the seller then a regular sale. It can take months but can also be a fast transaction. We listed our house in july had 7 offers within a week and closed 3 months later. You can find some great short sale homes that do not need any work or you can find homes that have been destroyed. If you do feel that a short sale is the best option for you, you should speak with your mortgage company if you want to stay in your home or if you would like to do a short sale and maybe get an opinion from a realtor.... more
Best place to start is to hire an Exclusive Buyer Agent. EBAs only work with homebuyers and there is never a conflict of interest that will jeopardize your negotiating position. Visit www.naeba.org for a referral to an Exclusive Buyer's Agent in your area.
I've had a book published on Amazon called Buying a Home: Don't Let Them Make a Monkey Out of You. It will teach you how to buy a house without getting ripped off. It'll be the best $6 you've ever spent. Follow the link below.
Best of luck!
I am currently running a promotion where there is no processing fee, no application fee and no appraisal fee. You will get full service of a licensed mortgage broker who will give you an overall much better value as compared to union mortgage lender or other large lenders. Would be worth your while to compare.
Please call me if you like to discuss.
Sanjeev Ahuja NMLS # 148731
Home Funding LLC
110 Jericho Turnpike Ste 214
Floral Park, NY 11001
Direct Ph 917-517-2552
NYS Registered Broker, Department of Financial Services, Loans Arranged through third parties NMLS # 885573... more
that's called a sellers concession and you can receive up to 6% for certain types of loans, but if your adding a concession to the purchase price then the house would have to appraise for that higher amount
The bets place to find quailified buyers is through a good listing agent, especially if you ar eout of teh country, you will want some one who is expereinced in income properties to look after your assetts, assist you in finding a buyer and getting the best obtainable price when selling your property. The listing agent will make sur ethe buyers are prequailified, assist them in financing, take care of disclosures, put together the purchase and sales forms, assist you with inspections and assit in closing the sale. If you do not know any agents in the area, please email me and i can give you acouple of agents names from my referral list. good luck with your sale.... more