Ready to make a deal on a short sale?


	When a homeowner is upside down on their mortgage payments, they can sometimes get the lender to agree to a short sale, whereby the lender consents to release the mortgage for an amount less than what's owed. Should you have questions regarding real estate in Hollywood, Florida, contact me here or e-mail me.

Purchasing a short sale in Hollywood, Florida on your own is risky. Contact Aventura Brokers for expert advice.

Are short sales bargains?

Every now and then a good deal will come along. Many people hear the term "short sale" and routinely think of a seller that is in financial trouble and needs to sell their property promptly to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current, but property values have declined. In these instances the discounted price may in fact be closer to true market values instead of below.

Are you ready to buy a short sale property?

Always do your research before making any offers. Using a knowledgeable real estate professional from Aventura Brokers to support your research of a property will help you make educated decisions. We can help reveal to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Locating this data can help you make a decision about how much to offer.
Use an agent with short sale knowledge. The real estate agents at Aventura Brokers can aid you in expediting the transaction and make certain you're protected. Don't permit inexperience to hold up 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 many 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. In most cases your offer will be sent to a committee to approve which will add time - sometimes even 2 to 3 months.
Home protection warranties, buyer credits and allowances, and closing cost concessions are generally non-negotiable when dealing with a short sale. The lender will be selling the property "as is" which means the lender will not be paying for repairs. Always reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At Aventura Brokers, when we write an offer, we will be looking out for your interests above all else and will always recommend that you make your offer contingent upon the results of the inspections.

When you're ready to buy, whether it is a short sale or a typical home sale, Aventura Brokers is here to help. Use our experience and knowledge of real estate to be certain you're getting a fair deal and are protected during the full purchase transaction.