Short Sales – A better alternative?
Why buy a short sale home?
1.) The sales prices of most short sale properties are sometimes actually sold for less than foreclosure homes. This is due to the fact that a foreclosure proceeding costs a lender $58,000 on average. Lenders are also in the money lending business, NOT the property management business. Due to these facts, a lender will typically accept well below market value on a property in order to avoid foreclosure.
2.) Not only do you get a steal of a deal on your home purchase, but you get to help a home owner out of a very difficult financial situation and hardship.
3.) As short sales have become more and more common, the lenders are streamlining the short sale process, and the best homes are being sold off as short sales prior to foreclosure.
Many short sale homes are actually not even offered for sale to the general public. They are sold privately, and not offered in public listing forums. That is why it is important to have an experienced short sale specialist realtor to locate the perfect property for you! We are a nationwide network of short sale experts, who offer 100% free short sale services to home buyers and sellers.
-Richard
