Want to purchase a short sale?


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

Purchasing a short sale in Fort Lauderdale, Florida on your own is risky. Contact Floridian Coastline Group for expert advice.

Are short sales bargains?

Sometimes. Many people hear the term "short sale" and automatically think of a seller that is insolvent and needs to sell their house fast to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In cases such as these the reduced price may in fact be consistent with current market values rather than below.

Are you ready to buy a short sale property?

Before making any purchase offers, do your homework. Using a qualified REALTOR^® from Floridian Coastline Group to support your research of a property can help you make informed decisions. We can help find out to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Having this information can help you make a decision about how much to offer.
Hire a real estate agent with short sale expertise. The real estate agents at Floridian Coastline Group can aid you in expediting the transaction and make sure you're protected. Don't permit inexperience to hold up the closing process. Put our knowledge and experience to work for you.
Even with an experienced real estate agent and under the best of situations, buying a short sale property will generally take longer than a typical real estate transaction. Know that many 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. 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 usually not up for negotiation when working with a short sale. The lender will sell the property as seen which means the lender will not be paying for repairs. Make sure you reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Floridian Coastline Group, when we write an offer, we are looking out for your interests first and will always suggest that you make your offer contingent upon the results of the inspections.

When it is time to buy, whether it be a short sale or a typical home sale, Floridian Coastline Group can help you. Use our experience and knowledge of real estate to be certain you are getting a fair deal and are protected during the complete transaction.