Want to buy a short sale?
When a lender and a seller agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale. Should you have any questions regarding real estate in Austin, Texas, contact me here or e-mail me
Are short sales bargains?
Sometimes. Many people hear the term "short sale" and routinely think of a seller that is insolvent and needing to sell their home fast to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most of another's misfortune. More commonly, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In these cases the reduced price may in fact be in line with actual market values instead of below.
What's involved in buying a short sale?
When you are ready to buy, whether it's a short sale or a typical home sale,
IREAF, LLC can help you. Utilize my experience and knowledge of real estate to be certain you're getting a fair deal and will be protected during the entire purchase transaction.