Want to make a deal on a short sale?


	If a seller is upside down on their mortgage payments, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender consents to release the mortgage for an amount less than what's owed. If you have questions about real estate in Henderson, Nevada, contact me here or e-mail me.

Purchasing a short sale in Henderson, Nevada on your own is risky. Contact Rooftop Realty for expert advice.

Are short sales good deals?

Occasionally. Many people hear the words "short sale" and instinctively think of a seller that is in trouble and needing to sell their house fast to avoid further financial problems. This is at times the case and can be an opportunity for a buyer to make the most of another's misfortune. In contrast, a lender may consider a short sale even if the seller is current, but property values have depreciated. In cases such as these the reduced price may in fact be in line with true market values, not below.

How do I buy a short sale?

Before making any purchase offers, do your homework. Using an experienced real estate agent from Rooftop Realty to assist you with researching a property will help you make informed decisions. We can help find out to whom the property is titled, the balance still owed to the lender, and whether or not a foreclosure notice has been filed. Finding this info can help you make a decision about how much to offer.
Get a real estate agent with short sale experience. The real estate agents at Rooftop Realty can assist you in expediting the transaction and make certain you're protected. Don't permit inexperience to hold up the closing process. Put our knowledge and experience to work for you.
Even in the best of situations and with an experienced real estate agent, buying a short sale property will probably take longer than a typical real estate transaction. Know that a majority of 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 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 not negotiable when buying a short sale. The lender will be selling the property just the way it is which means the lender will not be paying for repairs. Be sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Rooftop Realty, when we write an offer, we're looking out for your interests first and will always suggest that you make your offer contingent upon the outcome of the inspections.

When you're ready to buy, whether it's a short sale or a typical home sale, Rooftop Realty is available for you. Utilize our experience and knowledge of real estate to feel confident that you're getting a fair deal and protect yourself during the entire matter.