48 views
Dick Gann
"Answers that make sense."
- 1 Answer
- 5 Listings
Locations:
Web sites:
Profile Link:
About:
06-07 to Present
•The Gann Group / Keller Williams Realty ... show more
•The Gann Group / Keller Williams Realty ... show more
Testimonials:
"Dick is great to work with. He does his homework and finds information I didn't even know existed. He gives you the pros, cons, and his expert advice
... show more
Dick Gann answered:
"Short Sales" can be good, though they typically take more time and can be more frustrating.
During a typical home purchase, you are dealing with the Seller or Seller's Agent. Sellers are typically motivated and more likely to be accommodating.
Foreclosed properties require more work (and paperwork), however the "Rules" are usually in writing. The Seller is gone, so you are dealing with the Banks Agent.
With a "Short Sale", you are dealing with an Owner that can not pay their mortgage (and or their Agent) who must get approval from their Bank. The bank is making up the rules as they go along, and can require multiple approvals, depending upon the particular property and amount of dollars involved.
The advantage of a Short Sale, as with any purchase, is the possibility of getting a "Good Deal"; be sure the property (plus cost of repairs) will be worth more than you have to pay. Not all Short Sales or Foreclosures are good deals.
During a typical home purchase, you are dealing with the Seller or Seller's Agent. Sellers are typically motivated and more likely to be accommodating.
Foreclosed properties require more work (and paperwork), however the "Rules" are usually in writing. The Seller is gone, so you are dealing with the Banks Agent.
With a "Short Sale", you are dealing with an Owner that can not pay their mortgage (and or their Agent) who must get approval from their Bank. The bank is making up the rules as they go along, and can require multiple approvals, depending upon the particular property and amount of dollars involved.
The advantage of a Short Sale, as with any purchase, is the possibility of getting a "Good Deal"; be sure the property (plus cost of repairs) will be worth more than you have to pay. Not all Short Sales or Foreclosures are good deals.
|
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.
|
|
|
Founding members are a small number of participants who submitted content at launch of Trulia Voices to kick off community discussions.
|
|
|
Your question:
Max. 200 characters
Name:
Email:
|
|
Share profile
Contact Dick Gann
Dick Gann is a member of Trulia Voices:
Get the inside scoop on your area and home buying and selling.
Ask and answer questions about real estate.
Build your profile and contact home buyers, sellers and agents.
Report this profile
Become a Trulia Voices VIP!
Here’s how:
-
Contribute Often
It only takes 5 contributions per week to become a VIP! -
Strive for Quality
An answer earns you 4 points, but a Best Answer earns you 20 more. You know what to do! -
Share your Content
Blog views and comments earn you points as well. Find out how to make your posts popular on Trulia and take action!
Learn more about the Trulia Voices VIP Program.
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback