Looking to buy a short sale?
A short sale happens when the seller's lender consents to get a reduced amount to release a mortgage. Should you have any questions regarding real estate in Landrum, South Carolina, contact me here or e-mail me
Are they good deals?
The short answer is "sometimes". Often times people hear the phrase "short sale" and instinctively think of a seller that is insolvent and needs to sell their house quickly 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. In contrast, a lender may consider a short sale even if the seller is current, but property values have depreciated. In cases such as these the "bargain" price may in fact be in line with actual market values, not below.
How do I buy a short sale?
When you are ready to buy, whether it is a short sale or a typical home sale,
Mickey Hambright can help you. Apply my experience and knowledge of real estate to feel confident that you're getting a fair deal and remain protected during the entire deal.