Short Sale Buyer Rancho Palos Verdes CA

Looking to make a deal on a short sale?

When a seller is upside down on their mortgage payments, they can sometimes get the lender to agree to a short sale, whereby the lender agrees to release the mortgage for an amount less than what's due. For more information, you can contact me through my site or e-mail me. I'm glad to address questions you have about real estate short sales.

Purchasing a short sale in Rancho Palos Verdes, California on your own is risky. Contact Excel Funding Real Estate Services, Inc. for expert advice.

Are short sales good deals?

Sometimes. Many people hear the phrase "short sale" and routinely think of a seller that is in default and needs to sell their house promptly to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to make the most of another's misfortune. On the other hand, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have depreciated. In these instances the discounted price may in fact be consistent with true market values rather than below.

Are you ready to buy a short sale property?

Always do your homework before making any offers. Using an experienced real estate agent from Excel Funding Real Estate Services, Inc. to help you research a property can help you make knowledgeable decisions. We can help discover to whom the property is titled, the balance still owed to the lender, and whether or not a foreclosure notice has been filed. Locating this info can help you decide how much to offer.
Get an agent with short sale expertise. Excel Funding Real Estate Services, Inc. can aid you in expediting the transaction and make sure you're protected. Don't let inexperience delay the closing process. Let my experience and knowledge work in your favor.
Even with an experienced real estate agent and under the best of situations, buying a short sale property will usually take longer than a typical real estate transaction. Know that many short sales will not close in less than 30 days. Remember that you're not only getting approval from the seller, but the lender must also agree to the terms of the sale. Commonly, your offer will go before a committee to approve or disapprove, which will add time - sometimes even 2 to 3 months.
Home warranties, buyer credits and allowances, and closing cost concessions are generally not negotiable when dealing with a short sale. The lender is selling the property "as is" which means the lender will not be paying for repairs. Make sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Excel Funding Real Estate Services, Inc., when I write an offer, I'm looking out for your interests above all else and will always advise you to make your offer contingent upon the inspection results.

When it is time to buy, whether it's a short sale or a typical home sale, Excel Funding Real Estate Services, Inc. is available for you. Use my experience and knowledge of real estate to be confident you are getting a fair deal and are protected during the full matter.