Looking to make a deal on a short sale?

If a seller is upside down on their mortgage payments, they can sometimes get the lender to agree to a short sale, whereby the lender agrees to release the mortgage for a sum less than what's due. For more information, simply contact me through my site or e-mail me. I'm happy to answer any questions you have about real estate short sales.

Purchasing a short sale in Bucklin, Kansas on your own is risky. Contact Cossell Enterprises, Inc for expert advice.

Are they good deals?

Occasionally. Often times people hear the term "short sale" and instinctively think of a seller that is in trouble and must sell their house promptly to avert further financial problems. This is at times the case and can be an opportunity for a buyer to do well from another's misfortune. In contrast, a lender may consider a short sale even if the seller is current, but property values have fallen. In these cases the "bargain" price may in fact be closer to true 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 professional from Cossell Enterprises, Inc to support your research of a property will help you make knowledgeable decisions. We can help discover to whom the property is titled, the balance still owed to the lender, and whether or not a foreclosure notice has been filed. Getting this information can help you decide how much to offer.
  • Hire a real estate professional with short sale expertise. Cossell Enterprises, Inc can aid you in expediting the transaction and make certain you're protected. Don't allow inexperience to hold up the closing process. Put my knowledge and experience to work for you.

  • Even with an experienced real estate agent and under the best circumstances, buying a short sale property will generally take longer than a typical real estate transaction. Know that most short sales will not close in 30 days or less. Remember that you're not only having to get approval from the seller, but the lender must also agree to the discounted price. A lot of the time your offer will be presented to a committee to approve, which will add time - sometimes even 2 to 3 months.
  • Home warranties, buyer credits and allowances, and closing cost concessions are usually non-negotiable when dealing with a short sale. The lender will be selling the property just the way it is which means the lender won't be paying for repairs. Be sure to reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Cossell Enterprises, Inc, when I write an offer, I will be looking out for your interests first and will always suggest that you make your offer contingent upon the results of the inspections.
If you're ready to buy, whether it be a short sale or a typical home sale, Cossell Enterprises, Inc can help you. Use my experience and knowledge of real estate to make sure that you are getting a fair deal and will be protected during the complete process.

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