Looking to purchase a short sale?


	If a homeowner 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 owed. For more information, you can contact me through my site or e-mail me. I'm happy to answer questions you have regarding real estate short sales.

Purchasing a short sale in Madeira Beach, Florida on your own is risky. Contact Jim Tyner & Associates Inc 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 phrase "short sale" and routinely think of a seller that is in default and needing to sell their home fast 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 with their mortgage, but property values have fallen. In these cases the "bargain" price may in fact be closer to actual market values, not 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 Jim Tyner & Associates Inc to help you research a property will help you make knowledgeable decisions. We can help discover to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Locating this information can help you decide how much to offer.
Get an agent with short sale expertise. The real estate agents at Jim Tyner & Associates Inc can aid you in expediting the transaction and make sure you're protected. Don't allow inexperience to delay the closing process. Let our experience and knowledge work in your favor.
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 aware that most short sales will not close in the customary 30 days or less. Remember that you're not only having to satisfy the seller, but the lender must also agree to the sale terms. It's not uncommon that your offer will be seen by 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 generally not up for negotiation when dealing with a short sale. The lender will sell the property as seen which means the lender isn't going to pay for repairs. Be sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Jim Tyner & Associates Inc, when we write an offer, we're looking out for your interests above all else and will always advise you to make your offer contingent upon the outcome of the inspections.

When you are ready to buy, whether it be a short sale or a typical home sale, Jim Tyner & Associates Inc is here to 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 transaction.