Property Q&A in 85024>Question Details

Bruce U., Home Buyer in New Jersey

Is this property still available?

Asked by Bruce U., New Jersey Sat Jan 17, 2009

This question is about this property:…

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That property is a short sale, there is already at least one offer at the bank but the owners are collecting back-up offers. Before moving forward with any purchase be informed about the different types of sales (Short sales, regular sales, foreclosures, etc) and their differences. Short sales can take many months to process and the big majority of them never close.

Let me know if you need more details regarding the different types of sales.

Good luck!
0 votes Thank Flag Link Sat Jan 17, 2009
Hi Bruce,

This property is not still for sale. It is a short sale and the seller accepted an offer from another buyer. However, the seller is accepting backup offer because about 90% of short sales never work out.

Buyer's Agent Realtor
0 votes Thank Flag Link Sat Jan 17, 2009
Looks like this short sale got an approved offer on the 10th but they are still open to back up offers. If you are interested, I suggest submitting a back up offer as many short sales fall through at various times during the process and can take many months to close. If you have patience you can find some amazing prices on short sales. Scarlett Canyon is a terrific neighborhood and this is an amazing price for this home.
0 votes Thank Flag Link Sat Jan 17, 2009
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