Looking to purchase a short sale?

	A short sale happens when the homeowner's lender consents to get a reduced sum to release a mortgage. For more information, simply contact me through my site or e-mail me. I'm glad to answer any questions you have about real estate short sales.

Are short sales bargains?

• Always do your research before making any offers. Using an experienced real estate agent from Harvey Realty Group, LLC to support your research of a property can help you make knowledgeable 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. Having this information can help you decide how much to offer.

• Hire an agent with short sale expertise. The real estate agents at Harvey Realty Group, LLC can aid you in expediting the transaction and make sure you're protected. Don't let inexperience delay the closing process. Let our experience and knowledge work for you.

• Even with an experienced real estate agent and under the best circumstances, buying a short sale property will generally take longer than a typical real estate transaction. Know that most short sales will not close in the customary 30 days or less. Remember that you're not only getting approval from the seller, but the lender must also agree to the discounted price. A lot of the time your offer will go before a committee for approval which will add time - sometimes even 2 to 3 months.
• Home protection warranties, buyer credits and allowances, and closing cost concessions are typically not negotiable when working with a short sale. The lender is selling the property just the way it is which means the lender will not be paying for repairs. Be sure you reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Harvey Realty Group, LLC, when we write an offer, we will be looking out for your interests above all else and will always advise you to make your offer contingent upon the results of the inspections.