Congratulations on taking the first steps toward homeownership. Keep in mind what Bill Smith said, there are other values out there besides short sales. If you do pursue a short sale remember the bank is looking to sell at market value. Don't waste your time and energy with low ball offers. Be prepared to sign a formal contract of sale and leave an earnest money deposit with the seller's attorney.
Also, take the time to interview potential Buyers Agents face to face. A good place to start your realtor search is: http://www.rebac.net/MembershipDirectorySearch.aspx.
Ask if the agent has completed the Short Sale & Foreclosure Resource (SFR) Certification course.
Allan Erps, ABR
Licensed Real Estate Salesperson
VM(24 Hours) 845-770-2141
Cell Phone/Text 845-304-3040
For the latest in Buyers and Sellers Resources,
visit my website at; http://www.allanerps.randrealty.com
I'm a full time agent from the Monroe-Woodbury area with experience in foreclosures, preforeclosures, and short sales. Working with Banks right now is difficult because of how backed up they are, but knowing a few simple tricks greatly increases the odds of getting a short sale to close. There's other deals in the market place as well, so you don't want to concentrate solely on short sales. I just got done renovating a foreclosed condo that I purchased for myself so I would be able to help you out with finding good honest contractors if need be as well. Also, as a real estate investor, I'm constantly looking for properties that aren't listed on the MLS with Realtors and come across some really good deals that other agents just aren't aware of, so give me a call or email and we can get started today!
Keller Williams Realty
Fair Deal Home Buyer, LLC
If I may ask, why are you interested in a short sale situation? Are you looking to save on finances? Do you have the ability to renovate/update a potential property? Most importantly, do you have a timeline to meet moving to a new home?
Feel free to get in touch with me to do a Needs Analysis. I am available to accept a new Client as a Buyer's Representative. email@example.com or (845)978-9789
Jo-Ellen Ashby, Weichert Realtors
845 782 4646
Monroe, NY Regional Office