Keller Williams Realty First Atlanta
If you have any further questions please feel free to contact me.
Keller Williams Realty Chattahoochee North
Atlanta Property Shoppe at Keller Williams Realty
3925 Peachtree Road
Atlanta, GA 30319
If you choose to make and offer, be prepared to wait a minimum of three months. If it happens sooned you will be pleased.
Buying a home that is already foreclosed on is so much easier.
Sally W. Hamby
The Sally Team
404 644 7696
Have a back up plan in place in case it does fall through, and continue to keep your eyes out for a property that is not involved in a short sale. By all means, get yourself a REALTOR who understands the process!!
I've been through this process numerous times and what I've learned is that every deal is different even if it is with the same lending institution. Good Luck
Power Realty Partners, LLC
The short sale process normally takes more time and patience then other real estate transactions. Of course , if you stay focused and determined to purchase the home normally you will end with a great deal. Make sure the agent you select to assist you has experience and knowledge of the short sale process. This process takes a good Buyer & Agent Partnership in working with the Seller . I'm currently working with a Short Sale Seller and Short Sale Buyer . I have been in the negotiating process with both parties over the past 60 days.
Give me a call at 678-427-5512 or email me at firstname.lastname@example.org and I will guide you through the entire process. To learn more about me as a Realtor visit my website at http://www.rickpayne.yourkwagent.com. Especially, preview my Cover Page " About Me " and the other value added information on my website .
I look forward to hearing back from you in the near future.
Keller Williams Realty
Jen Bowman, Broker Associate
A short sale is really a "bank's" alternative to foreclosure and can be granted to a home seller when there is a hardship in their financial situation and where foreclosure is likely.
The home seller markets the home and then submits a bonafide offer to the bank. Typically, because of the market conditions, the offer (or market value) will be less than what is owed and it is up to the bank's discretion whether to accept the offer and thus less than what the home seller owes. The seller is not always released from the debt and in many cases is signing another note to pay back the difference.
The biggest misconception is assuming that just because a home's value is less than what was paid it is automatically eligibile for a short sale. That is not the case. If the seller has the ability to pay the difference, they will be required to pay.
From a buying perspective, the process can be very long and frustrating. The banks are overwhelmed and getting an answer whether your offer is accepted can take several weeks and there is no guarantee that it will be approved. If you can be patient, you have a chance at getting a great deal on a house.
I hope this helps. Let me know if you have any additional questions.
ERA United Realty
If you need time on your side, then don't do a short sale.
However, 60 day purchases are achievable if you are in good hands between the listing and the buyer's agent.
If the agents involved are numbskulls, then I pity the fool who seeks a win/win short sale.
I highly recommend you use a realtor and that you get approved for the financing prior to making an offer.
I am a loan officer with Sun trust Mortgage and I can get you approved and refer you to a real-estate agent.
Please call me with any questions. 404-610-9883