Looking to purchase a short sale?


	When a lender and a homeowner agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale.

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

Can I get a good deal on a short sale?

Every now and then a good deal will come along. Most people hear the term "short sale" and routinely think of a seller that is in trouble and needs to sell their home fast to prevent further financial problems. This is at times 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 is current, but property values have depreciated. In these instances the "bargain" price may in fact be closer to current market values rather than below.

How do I buy a short sale?

Always do your homework before making any offers. Using a knowledgeable real estate professional from Dino Braz & BestNJProperties.com to assist you with researching a property will help you make informed decisions. We can help learn to whom the property is titled, the balance still owed to the lender, and whether or not a foreclosure notice has been filed. Obtaining this information can help you determine how much to offer.
Hire a real estate professional with short sale experience. The real estate agents at Dino Braz & BestNJProperties.com can aid you in expediting the transaction and make sure you're protected. Don't permit inexperience to impede the closing process. Put our knowledge and experience to work for you.
Even with an experienced real estate agent and under the best of situations, 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 less than 30 days. Remember that you're not only having to get approval from the seller, but the lender must also agree to the sale terms. In most cases your offer will go before a committee to approve 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 is selling the property just the way it is which means the lender will not be paying for repairs. Always reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Dino Braz & BestNJProperties.com, when we write an offer, we are looking out for your interests above all else and will always suggest that you make your offer contingent upon the inspection results.

When it is time to buy, whether it be a short sale or a typical home sale, Dino Braz & BestNJProperties.com can help. Use our experience and knowledge of real estate to be certain that you are getting a fair deal and will be protected during the full matter.

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.