Looking to purchase a short sale?


	When a lender and a homeowner agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale. Should you have questions about real estate in Baldwin, New York, contact me here or e-mail me.

Purchasing a short sale in Baldwin, New York on your own is risky. Contact Twin Home Info - Sailing Home Realty for expert advice.

Can I get a good deal on a short sale?

The short answer is "sometimes". Most people hear the phrase "short sale" and automatically think of a seller that is insolvent and needing to sell their house fast to avoid further financial problems. This is at times the case and can be an opportunity for a buyer to take advantage of another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current, but property values have depreciated. In these cases the discounted price may in fact be closer to true market values, not below.

Are you ready to buy a short sale property?

Always do your research before making any offers. Using a qualified real estate professional from Twin Home Info - Sailing Home Realty to support your research of a property will help you make educated decisions. We can help discover to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Finding this information can help you make a decision about how much to offer.
Use a REALTOR^® with short sale expertise. The real estate agents at Twin Home Info - Sailing Home Realty can help expedite the transaction and ensure that you're protected. Don't let inexperience slow down the closing process. Put our knowledge and experience to work for you.
Even in the best of situations and with an experienced real estate agent, buying a short sale property will usually 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. In most cases your offer will be sent to a committee for approval which will add time - sometimes even 2 to 3 months.
Home protection plans, buyer credits and allowances, and closing cost concessions are normally not up for negotiation when working with a short sale. The lender will sell the property just the way it is which means the lender will not be paying for repairs. Make sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Twin Home Info - Sailing Home Realty, when we write an offer, we will be looking out for your interests first and foremost and will always recommend that you make your offer contingent upon the outcome of the inspections.

When you're ready to buy, whether it's a short sale or a typical home sale, Twin Home Info - Sailing Home Realty can help. Use our experience and knowledge of real estate to make sure that you are getting a fair deal and will be protected during the complete process.

Twin Home Info - Sailing Home Realty 1025 Atlantic Ave Baldwin, NY 11510-4247

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