Short Sale Buyer

Want to purchase a short sale?

When a lender and a seller agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale. For more information, simply contact us. I'm glad to answer questions you have regarding real estate short sales.

Purchasing a short sale in Fruitland, Idaho on your own is risky. Contact Premier Group Realty West for expert advice.

Are short sales bargains?

From time to time, yes. Many people hear the words "short sale" and instinctively think of a seller that is insolvent and must sell their home quickly to avert further financial problems. This is sometimes 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 isn't delinquent with their payments, but property values have fallen. In cases such as these the "bargain" price may in fact be in line with actual market values rather than below.

Are you ready to buy a short sale property?

  • Always do your homework before making any offers. Using a qualified real estate agent from Premier Group Realty West to help you research a property can 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. Locating these facts can help you decide how much to offer.
  • Hire an agent with short sale experience. Premier Group Realty West can aid you in expediting the transaction and make sure you're protected. Don't allow inexperience to impede the closing process. Put my experience and knowledge to work in your favor.

  • Even with an experienced real estate agent and under the best circumstances, 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. It's not uncommon that your offer will be presented to a committee to approve, which will add time - sometimes even 2 to 3 months.
  • Home protection plans, buyer credits and allowances, and closing cost concessions are generally non-negotiable when buying a short sale. The lender is selling the property just the way it is which means the lender won't be paying for repairs. Be sure you reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At Premier Group Realty West, when I write an offer, I am looking out for your interests first and will always recommend that you make your offer contingent upon the results of the inspections.

When you are ready to buy, whether it is a short sale or a typical home sale, Premier Group Realty West is available for you. Utilize our experience and knowledge of real estate to be certain that you're getting a fair deal and will be protected during the complete purchase transaction.

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Premier Group Realty West
Fruitland, ID 83619
208-452-5655
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Premier Group Realty West | 208-452-5655 | Email Us
804 NW 24th St. Ste. B - Fruitland, ID 83619
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