Ready to make a deal on a short sale?
When a lender and a seller agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale. For more information, just contact us
through our site or e-mail us
. We're glad to answer any questions you have regarding real estate short sales.
Are short sales good deals?
The short answer is "sometimes". Most people hear the term "short sale" and automatically think of a seller that is in default and must sell their house quickly to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on another's misfortune. More commonly, a lender may consider a short sale even if the seller is current, but property values have depreciated. In cases such as these the "bargain" price may in fact be closer to actual market values, not below.
How do I buy a short sale?
When it's time to buy, whether it's a short sale or a typical home sale, Kiva Realty can help. Utilize our experience and knowledge of real estate to feel confident you are getting a fair deal and remain protected during the entire purchase transaction.