Sometimes. Often times people hear the words "short sale" and routinely think of a seller that is insolvent and needs to sell their property quickly to avoid 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 these instances the "bargain" price may in fact be consistent with true market values instead of below.
How do I buy a short sale?
Use an agent with short sale knowledge. The real estate agents at RE/MAX Classic can aid you in expediting the transaction and make sure you're protected. Don't allow inexperience to hinder the closing process. Put our experience and knowledge to work in your favor.
If you are ready to buy, whether it's a short sale or a typical home sale, RE/MAX Classic can help. Utilize our experience and knowledge of real estate to be confident that you are getting a fair deal and remain protected during the full deal.