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Ready to purchase a short sale?

A short sale happens when the homeowner's lender agrees to accept a reduced amount to release a mortgage. If you have questions regarding real estate in Guerneville, California, contact me here or e-mail me.

Purchasing a short sale in Guerneville, California on your own is risky. Contact Your City Country Connection for expert advice.

Can I get a good deal on a short sale?

Every now and then a good deal will come along. Often times people hear the term "short sale" and routinely think of a seller that is insolvent and needs to sell their property quickly to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to do well from another's misfortune. In contrast, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have depreciated. In these instances the "bargain" price may in fact be closer to current market values rather than below.

How do I buy a short sale?

  • Before you make any purchase offers, do your research. Using an experienced real estate agent from Your City Country Connection to help you research a property will help you make knowledgeable decisions. We can help reveal to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Obtaining this data can help you determine how much to offer.
  • Get a real estate professional with short sale knowledge. Your City Country Connection can help expedite the transaction and make sure you're protected. Don't allow inexperience to hold up the closing process. Let my experience and knowledge work for you.

  • Even with an experienced real estate agent and under the best of situations, buying a short sale property will generally take longer than a typical real estate transaction. Be aware that most short sales will not close in the customary 30 days or less. Remember that you're not only getting approval from the seller, but the lender must also agree to the discounted price. It's not uncommon that your offer will go before a committee to approve or disapprove, which will add time - sometimes even 2 to 3 months.
  • Home protection warranties, buyer credits and allowances, and closing cost concessions are generally non-negotiable when working with a short sale. The lender will sell the property just the way it is which means the lender isn't going to pay for repairs. Make sure you reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At Your City Country Connection, when I write an offer, I will be looking out for your interests first and will always advise you to make your offer contingent upon the results of the inspections.
If you are ready to buy, whether it be a short sale or a typical home sale, Your City Country Connection can help you. Utilize my experience and knowledge of real estate to be confident you're getting a fair deal and remain protected during the full purchase transaction.


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