Short sales

The most asked question I receive concerns short sales. There are short sales available but not as many as the general public may think. Short sales take a lot of patience on the part of the buyer. It can take weeks, sometimes months to receive an answer from the bank on whether or not they are willing to accept the offer and in the meantime they can be accepting additional offers. If you are looking for a quick answer short sales are not the way to go for you.

Some of the time needed for a short sale can be cut even shorter if the Realtor on the Seller side has started some of the paperwork and have gotten the paperwork started. The Realtor will need written permission from the Seller and given to the bank in order to start the process. There is paperwork that can be started prior to receiving an offer.

If you are interested in short sales it is imperative that you utilize a Realtor who has EXPERIENCE with these types of sales. It is a very tedious process and if your Realtor does not know the ins and outs you will have many issues and it will proceed slower than usual.

For more information on available short sales, the process of purchasing a short sale or if you feel you will be Seller in a short sale position contact Jennifer Daywalt @ 610-999-7693.