Ready to make a deal on a short sale?


	A short sale is when the seller's lender has agreed to collect a reduced payment to release a mortgage. If you have any questions about real estate in North Central Jersey, New Jersey, contact me here or e-mail me.

Purchasing a short sale in North Central Jersey, New Jersey on your own is risky. Contact Dino Braz & BestNJProperties.com for expert advice.

Are short sales bargains?

Every now and then a good deal will come along. Many people hear the phrase "short sale" and routinely think of a seller that is insolvent and needs to sell their property quickly to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. More commonly, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have fallen. In these instances the discounted price may in fact be closer to current market values instead of below.

How do I buy a short sale?

Always do your research before making any offers. Using a qualified real estate agent from Dino Braz & BestNJProperties.com to support your research of a property can help you make knowledgeable 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. Having this data can help you make a decision about how much to offer.
Hire an agent with short sale knowledge. The real estate agents at Dino Braz & BestNJProperties.com can aid you in expediting the transaction and ensure that you're protected. Don't allow inexperience to delay the closing process. Let our experience and knowledge 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. Know that many short sales will not close in less than 30 days. Remember that you're not only getting approval from the seller, but the lender must also agree to the discounted price. Commonly, your offer will be presented to a committee for approval, which will add time - sometimes even 2 to 3 months.
Home protection warranties, buyer credits and allowances, and closing cost concessions are normally non-negotiable when buying a short sale. The lender will sell the property as seen which means the lender will not be paying for repairs. Make sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Dino Braz & BestNJProperties.com, when I write an offer, I'm looking out for your interests first and will always recommend that you make your offer contingent upon the inspection results.

When it is time to buy, whether it's a short sale or a typical home sale, Dino Braz & BestNJProperties.com is available for you. Utilize my experience and knowledge of real estate to feel confident you're getting a fair deal and are protected during the complete deal.

A. Dino Braz and BestNJProperties.com Serving You With Commercial, Investment and Residential Real Estate Information 24/7! We Also Offer Title Insurance, Mortgage Services, Credit Score Improvement, Loan Modification, Foreclosure Prevention, Short Sale and Mortgage Cancellation Services.