Looking to buy a short sale?
A short sale is when the seller's lender has agreed to receive a reduced sum to release a mortgage.
If you have any questions about real estate in Plainfield, Indiana, contact me here or e-mail me
Are short sales good deals?
The short answer is "sometimes". Often times people hear the words "short sale" and automatically think of a seller that is in default and needing to sell their property promptly to avoid further financial problems. This is at times the case and can be an opportunity for a buyer to do well from another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In these instances the discounted price may in fact be closer to current market values, not below.
How do I buy a short sale?
When you're ready to buy, whether it's a short sale or a typical home sale, Homes By Cheryl can help you. Apply my experience and knowledge of real estate to be confident that you're getting a fair deal and remain protected during the entire matter.