Want to buy a short sale?


	If a homeowner owes more on their home than its value, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender consents to release the mortgage for a sum less than what's due. For more information, just contact me through my site or e-mail me. I'm glad to answer questions you have regarding real estate short sales.

Purchasing a short sale in Tampa, Florida on your own is risky. Contact Quantum Realty Solutions-Leo Gonzalez for expert advice.

Are they good deals?

Occasionally. Most people hear the term "short sale" and instinctively think of a seller that is insolvent and must sell their house fast to avoid further financial problems. This is at times the case and can be an opportunity for a buyer to take advantage of another's misfortune. Alternatively, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In cases such as these the "bargain" price may in fact be closer to true market values instead of below.

Are you ready to buy a short sale property?

Before making any purchase offers, do your research. Using a knowledgeable REALTOR^® from Quantum Realty Solutions-Leo Gonzalez to support your research of a property will help you make knowledgeable decisions. We can help reveal 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 determine how much to offer.
Hire a real estate professional with short sale experience. The real estate agents at Quantum Realty Solutions-Leo Gonzalez can assist you in expediting the transaction and ensure that you're protected. Don't let inexperience delay the closing process. Put our experience and knowledge to 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 informed that most short sales will not close in the customary 30 days or less. Remember that you're not only getting approval from the seller, but the lender must also agree to the discounted price. Commonly, your offer will be presented to 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 usually not negotiable when buying a short sale. The lender will sell the property as seen which means the lender isn't going to pay for repairs. Make sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Quantum Realty Solutions-Leo Gonzalez, 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're ready to buy, whether it be a short sale or a typical home sale, Quantum Realty Solutions-Leo Gonzalez is available for you. Apply our experience and knowledge of real estate to be certain you are getting a fair deal and are protected during the whole purchase transaction.