Tuesday, January 13, 2009
Buyer Information – Short Sale Information – Cleveland Real Estate – www.cjharrington.com
Posted By:
CJ Harrington
cj@cjharrington.com
www.cjharrington.com
440.336.0612
Keller Williams Realty
2009
Short sales could lead to and home sale, and accepted offer that fails, and accepted offer where the home is taken off the market due to foreclosure. Sound like fun yet?
This could lead to additional time and money renting, lost funds from home inspections and appraisals, lost opportunities and wasted time.
Reality is that with the uncertainty in the marketplace, one of the lessons homebuyers are learning is that you can spend a ton of time chasing a property with nothing to show for it when you're done.
These days, a large number of homes being sold are "short sales,”
In a short sale, the seller of the home must get the lender to agree to take less than they are owed to release the lenders' liens on the home.
Remember, this process is time consuming (take on average 60 to 90 days,) and in the end you may not get your dream home.
So, if you are interested in going after a short even after hearing all this, please make sure you agent has short sale experience. Otherwise you could be faced with a lot of unexpected problems, with nothing to show for it.
Please visit our website at www.cjharrington.com for MORE FREE information.
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