5 common errors when buying a short-sale house
Oct 20, 2016 · Short sale and foreclosure homebuyers need to be aware that the sale won’t necessarily close as quickly as it would for a traditional home. The short seller’s lender must grant approval of either foreclosure terms or a short-sale price that is less than the seller owes.
Ignoring property problems. Some homeowners who face foreclosure become …
Melson had looked at more than 2 dozen houses and he jumped at the chance to purchase a short. A foreclosure or short sale home might tempt you with the promise of a great deal, but it’s important
Short Sale Mistake #5: No Photographs Submitting a listing to MLS without multiple photographs — or worse, no photograph at all — is like slamming the door in the face of buyers. Buyers aren’t likely to return.
Mistake No. 4: Equating ‘short sale’ with ‘deal’ In real estate, a deal is a deal, and the terms “short sale” and “real estate owned,” or “REO,” are marketing buzzwords designed to lure bargain-hungry buyers, says Matt Joseph, broker and …
5 mistakes that could cost you when buying a short sale Originally posted at Yahoo!Finance by Lora Shinn. A foreclosure or short sale home might tempt you with the promise of a great deal, but it’s important to be aware of unexpected expenses that can arise after purchase.
How to Handle the 5 Common Risks in Buying a Short-Sale Home by Houzz January 20, 2016 Don’t let the lure of a great deal bring you to the hidden costs and issues in snagging a short-sale property.
Buying A Short Sale. Short sales can be a great opportunity for aspiring homebuyers who want to purchase a property for a reasonable price. They’re often listed below market value by motivated sellers. Buyers who happen to be in the right place at the right time can benefit from the sellers’ desperation.
5 Common Mistakes When Buying a House in Raleigh September 10, 2018. By B.J. Ward. Buying a house is a whirlwind of emotions. It’s easy to get caught up in the excitement and overwhelmed with the scale of the purchase all at the same time. Stay focused to prevent making mistakes when buying a house in Raleigh.
Buying a Short Sale Home: Common Mistakes The first step in buying a short sale property is to visit with your real estate professional and discuss the various details and potential issues that may arise with this type of purchase.