Looking to make a deal on a short sale?

A short sale is when the homeowner's lender agrees to collect a reduced payment to release a mortgage. Should you have questions about real estate in Bucklin, Kansas, contact me here or e-mail me.

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

Can I get a good deal on a short sale?

Sometimes. Most people hear the words "short sale" and instinctively think of a seller that is insolvent and needing to sell their house promptly to avoid further financial problems. This is sometimes 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 declined. In these cases the "bargain" price may in fact be consistent with true market values rather than below.

Are you ready to buy a short sale property?

  • Always do your homework 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 informed decisions. We can help learn 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.
  • Use a REALTOR® with short sale experience. Cossell Enterprises, Inc can aid you in expediting the transaction and make certain you're protected. Don't allow inexperience to delay 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 usually take longer than a typical real estate transaction. Be informed that a majority of short sales will not close in the customary 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 sale terms. Commonly, your offer will be presented to a committee for approval, which will add time - sometimes even 2 to 3 months.
  • Home protection plans, buyer credits and allowances, and closing cost concessions are typically not negotiable when dealing with a short sale. The lender will be selling the property just the way it is which means the lender isn't going to pay for repairs. Be sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Cossell Enterprises, Inc, when I write an offer, I am looking out for your interests first and will always recommend that you make your offer contingent upon the inspection results.
When you're ready to buy, whether it's a short sale or a typical home sale, Cossell Enterprises, Inc is available for you. Use my experience and knowledge of real estate to feel confident you're getting a fair deal and protect yourself during the complete transaction.

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