Want 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 consents to release the mortgage for an amount less than what's owed. If you have questions regarding real estate in Sahuarita, Arizona, contact me here or e-mail me.

Purchasing a short sale in Sahuarita, Arizona on your own is risky. Contact Southwestern Realty for expert advice.

Are short sales good deals?

Sometimes. Most people hear the term "short sale" and automatically think of a seller that is in default and needing to sell their house fast to avoid further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have fallen. In these instances the discounted price may in fact be closer to current market values, not below.

Are you ready to buy a short sale property?

Always do your homework before making any offers. Using a qualified real estate professional from Southwestern Realty to help you research a property can help you make knowledgeable decisions. We can help find out 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 REALTOR^® with short sale knowledge. The real estate agents at Southwestern Realty can help expedite 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. Know that a majority of 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 which will add time - sometimes even 2 to 3 months.
Home warranties, buyer credits and allowances, and closing cost concessions are normally not negotiable when buying a short sale. The lender will sell the property as seen which means the lender will not be paying for repairs. Be sure to reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Southwestern Realty, when we write an offer, we will be looking out for your interests first and will always suggest that you make your offer contingent upon the results of the inspections.

When you are ready to buy, whether it's a short sale or a typical home sale, Southwestern Realty is available for you. Utilize our experience and knowledge of real estate to be certain you're getting a fair deal and protect yourself during the complete deal.