Ready to make a deal on a short sale?


	When a lender and a seller agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale. For more information, simply contact me through my site or e-mail me. I'm glad to address any questions you have about real estate short sales.

Purchasing a short sale in Vista, California on your own is risky. Contact Stoneridge Realty & Property Mangement Services for expert advice.

Can I get a good deal on a short sale?

From time to time, yes. Most people hear the term "short sale" and routinely think of a seller that is in default and must sell their house fast to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most of another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In cases such as these the "bargain" price may in fact be consistent with current market values instead of below.

How do I buy a short sale?

Always do your homework before making any offers. Using an experienced real estate agent from Stoneridge Realty & Property Mangement Services to assist you with researching a property will help you make educated 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. Obtaining this info can help you decide how much to offer.
Get a real estate professional with short sale knowledge. The real estate agents at Stoneridge Realty & Property Mangement Services can assist you in expediting the transaction and make certain you're protected. Don't permit inexperience to delay the closing process. Let our experience and knowledge 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. Be aware that many short sales will not close in 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. 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 usually not up for negotiation when working with a short sale. The lender is selling the property just the way it is which means the lender isn't going to pay for repairs. Always reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At Stoneridge Realty & Property Mangement Services, when we write an offer, we will be looking out for your interests first and foremost and will always recommend that you make your offer contingent upon the inspection results.

When it's time to buy, whether it's a short sale or a typical home sale, Stoneridge Realty & Property Mangement Services can help you. Apply our experience and knowledge of real estate to be confident that you're getting a fair deal and are protected during the whole purchase transaction.

Stoneridge Realty & Property Mangement Services 735 Shadowridge Drive Vista, CA 92083

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