Want to buy a short sale?


	A short sale means the homeowner's lender consents to get a reduced payment to release a mortgage.

Purchasing a short sale in Windermere, Florida on your own is risky. Contact Proactive Realty Group, LLC for expert advice.

Are they good deals?

Occasionally. Many people hear the term "short sale" and routinely think of a seller that is in trouble and needs to sell their property fast to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to take advantage of another's misfortune. In contrast, a lender may consider a short sale even if the seller is current, but property values have depreciated. In cases such as these the discounted price may in fact be consistent with true market values, not below.

How do I buy a short sale?

Before making any purchase offers, do your research. Using an experienced REALTOR^® from Proactive Realty Group, LLC to assist you with researching a property can help you make educated 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 make a decision about how much to offer.
Get an agent with short sale knowledge. The real estate agents at Proactive Realty Group are Certified Distressed Property Experts can assist you in expediting the transaction and make sure you are protected. Don't allow inexperience to slow down the closing process. Let our experience and knowledge work in your favor.
Even in the best of situations and with an experienced real estate agent, buying a short sale property will generally take longer than a typical real estate transaction. Be informed that most short sales will not close in less than 30 days. Remember that you're not only having to satisfy the seller, but the lender must also agree to the sale terms. Commonly, your offer will go before a committee to approve or disapprove which will add time - sometimes even 2 to 3 months.
Home warranties, buyer credits and allowances, and closing cost concessions are usually non-negotiable when dealing with a short sale. The lender will be selling the property as seen which means the lender isn't going to pay for repairs. Be sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Proactive Realty Group, LLC, when we write an offer, we're looking out for your interests first and will always advise you to make your offer contingent upon the inspection results.

When you are ready to buy, whether it is a short sale or a typical home sale, Proactive Realty Group, LLC is here to help. Utilize our experience and knowledge of real estate to be confident that you are getting a fair deal and remain protected during the complete process.

* MOL = More or Less