Ready to purchase a short sale?

	A short sale happens when the homeowner's lender consents to get a reduced sum to release a mortgage. Should you have questions about real estate in our area contact me here or e-mail me.

Can I get a bargain on a short sale?

• Always do your homework before making any offers. Using me a qualified REALTOR^® from Wilkinson & Associates to assist you with researching a property will help you make educated decisions. We can help reveal to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Having this info can help you decide how much to offer.

• Use a real estate professional with short sale knowledge. The real estate agents at Wilkinson & Associates can aid you in expediting the transaction and make sure you're protected. Don't allow inexperience to hold up the closing process. Let our experience and knowledge work in your favor.

• Even with an experienced real estate agent and under the best of situations, buying a short sale property will usually take longer than a typical real estate transaction. Be aware 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 terms of the sale. In most cases 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 normally not up for negotiation when working with a short sale. The lender will be selling the property "as is" which means the lender isn't going to pay for repairs. Be sure you reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At Wilkinson & Associates, when we write an offer, we're looking out for your interests above all else and will always suggest that you make your offer contingent upon the results of the inspections.