The"Short Sale" that you mention is supposed to be a general question about all short sales, isn't it?
Scott's answer "NO," is the simplest and best answer. Because, your question is only relevant to the exact process of one specific and particular contract to closing sequence...
Ask around when you make an offer.
There are no two purchase and sale transactions - equity or short - that are exactly alike. How dynamic is cash? It's nice, but it may not get you to the closing table any quicker than a loan if the seller is mired in typical short sale "sturm und drang..."
Rodney, Scott and Aaron get thumbs up.
To answer your other question, many of us are highly experienced with foreclosure purchase and sale transactions, but most of us do not necessarily specialize in foreclosures. Foreclosures are the bread and butter of some listing agents, and offers on foreclosures probably represent anywhere from 20-70% of the total amount of contracts that a busy buyer's agent will write in any given year.
As an example, if you are buying in 30306, then there is a much larger proportion of foreclosures in the condo submarket, than in the single family residence market.
To take this a step further, many agents develop special demographic and geographic submarket expertises, so depending on what you seek to purchase, your question may or may not even be relevant.
Just find an agent with brainpower and knowhow who identifies with your specific needs.
What exactly do you seek to buy in 30306?
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Conventional | FHA | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® |
HomePathÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing
Paying cash speeds up the "collective" process. You can also negotiate more aggressively on price. Leveraging a cash offer and properly structuring the purchase and sale agreement to get the best price and terms is as much art as science.
An often overlooked variable in distressed property acquisition scenarios, as it relates to finding a realtor, is rehab. Finding one that has solid experience in this arena and great contractor resources can be invaluable.
I have helped more than 10 buyers close on distressed properties year to date. I'd be happy to talk to you about the process and offer any advice I can.
Brockway Real Estate Consulting
Keller Williams - In Town Atlanta
Tel: (404) 787-2253 | Fax: (404) 974-2616
As a cash buyer though, you do need to make sure that you have a good handle on property values in the area you are looking to buy. I have been involved in quite a number of short sales and REO transactions and would be glad to help you with your search.
Chapman Hall, REALTORS
I currently have a transaction scheduled to close soon and it is all cash.
I represent buyers and sellers in Cobb, Fulton (Buckhead/Lenox) and DeKalb counties. I look forward
to your reply and to working with you.
Elizabeth 'Beppy' Walton
Keller Williams Buckhead
C/404 234 9418