Columbus OH – Buying a Short Sale can be a great way to get a good deal on your home purchase. However, you need to be aware of what is involved with buying a short sale.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here are four things that will give you a better chance at success.
1. You must work with an agent who understands the short sale process. If your agent doesn't understand the process, then they won't know which short sales are worth looking at and which to avoid.
2. You must be pre-approved for a loan with a reputable lender. The short sale lender will want to know that you are qualified to buy before they will approve the short sale.
3. You must understand that not every property can be bought for below market value. This is especially true if you are buying a home where the seller's agent is not experienced with short sales.
The short sale lender is a business and wants to recoup the most money from their investment. The entire reason for the short sale approval process is to protect their investment.
4. Be prepared to wait 3-4 months to buy the home. In my opinion, if you wait past 4 months, then the seller's agent doesn't know what they are doing.
It is unlikely that they will be able to convince the lender to approve the short sale, even if you give them another 3-4 months.
Between you and me, anyone who says that their last short sale took 8 months doesn't know what they are doing. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at robin.lemmons@kingthompson.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 614-741-2495
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Columbus loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this,
Rick and Robin Lemmons.
Rick and Robin are a Real Estate Team at Coldwell Banker King Thompson.
Phone: 614-741-2495
robin.lemmons@kingthompson.com
A Zest For The Best
View Our homes for sale at www.rickandrobin.com.
Rick and Robin Lemmons specialize in helping Columbus Homeowners short sale and never pay the bank another penny. Columbus Loan Modification Help, Columbus Short Sales, Columbus Short Sale Realtor. Columbus Short Sale Realtor. Columbus OH Short Sales. Columbus Realtor. Columbus OH Short Sales. Columbus Realtor.
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