Short Sales for Sellers
Sellers in the short sale market are under a sizable amount of pressure due to the burden of a troubled mortgage, impending foreclosure, and a tight time frame in which to sell their home.
If your Short selling your home here are a few things worth remembering.
Make Sure you Qualify: a lender is not required to allow a short sale, you must first qualify. If your not sure if you qualify for a short sale we can help you determine whether or not you meet all criteria for a short sale.
Act Now: Be proactive, if you foresee financial troubles take action now. Start looking into and learning about short sales and ways to mitigate your losses as soon as you can.
Find a professional: it can be hard to find buyers for a regular home, its best to start this process early. As Michigan's short sales specialist, 1st choice title, has the contacts and professionals who can help you through this process.
Be Informed: know what your getting into, and this site is a great place to start, we offer several real estate short sale resources and we are always here to answer your questions!.
Short Sales for Buyers
If your looking to by a home or real estate and enjoy saving money, then take a look at the real estate short sale market.
Perfect for real estate investors or just a standard home buyer, purchasing from the short sale market ensures you get a home at below market price, you also get the the peace of mind that in your purchase you were able to help a financially troubled homeowner.
Remember as with purchasing any real estate there is always a risk involved, and that includes the risks of purchasing a short sale property. However, with some smart planning and intelligent decision making a short sale real estate buyer can reduce any risk.
Shop Around: With the economy in its current state there is a steady stream of short sales entering the market, so take your time and see all your choices. Look into as many available options as possible, and take note of the pro's and con's of every offer.
Budget for Success: While purchasing from the short sale market offers large savings, remember there are always standard home buying cost. If your a first time home buyer plan for the property taxes and closing cost common with any real estate transaction. We can give you some closing cost estimates to make sure real estate fees don't surprise you, or catch you off guard.
Always work with a professional: when it comes to real estate in any form working with a professional is always a good idea. As Michigans short sale specialist, we can put you in touch with a qualified short sale agent. Not only can a quality short sale agent protect you from the common mistakes (and remember in real estate a mistake can cost you thousands!), but said agent can also help ensure you get the best deal possible.