Buying a SHORT SALE     

If you're contemplating purchasing a Short Sale property there are several considerations you may want to take into account before you get involved in the process.

1. The time it is going to take to complete the transaction.

2. The condition of the property and the fact that the seller probably will not be in any financial position to make any repairs and/or provide the buyer with any concessions.

3. The lender(s) will be the ultimate decision maker as to whether or not they will approve the Short Sale for their borrower/seller based upon a number of factors.

4. The Buyer will probably be purchasing the home in its "AS-IS" condition without the seller providing the standard SPDS and/or CLUE forms.

5. The level of experience of the REALTORS involved in both representing the Buyer and Seller.

6. The fact that you will probably be competing with investors and/or other home buyers for the property. This is because many listing agents will list the property on the MLS �significantly� below the market price in order to generate interest (a contract) for the property knowing that the lender will probably not accept the offered price, but in effect �auctioning� the property to the �highest and best� bidder. Therefore, in reality, the buyer should expect to pay more than the MLS listed price for the home!

If you want the FACTS and NO BULL then you must employ AZ Paradise Realty as your Borker to represent you and navigate you through the maze of the Short Sale process! Call us today @ 602-290-4458 for additional information or to get started.

Thank You!

 

Our prices, terms and conditions are subject to change at anytime, without notice, please contact our office to verify our most current requirements for our Real Estate services.

 

AZ Paradise Realty is not qualified to provide financial, legal, and/or tax advice regarding purchasing and/or selling real estate. Therefore, any Seller and/or Buyer is always strongly advised to obtain competent tax advice and consult competent independent legal counsel regarding the tax implications and/or the advisability of entering into any legal document, ie a Purchase Contract.