Your Grand Prairie real estate expert

Want to make a deal on a short sale?

A short sale is when the seller's lender consents to collect a reduced payoff to release a mortgage. For more information, simply contact me through my site or e-mail me. I'm glad to answer any questions you have regarding real estate short sales.

Purchasing a short sale in Grand Prairie, Texas on your own is risky. Contact Target Cost Realty, LLC for expert advice.

Can I get a good deal on a short sale?

From time to time, yes. Often times people hear the words "short sale" and routinely think of a seller that is insolvent and needs to sell their home fast 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. More commonly, a lender may consider a short sale even if the seller is current, but property values have depreciated. In these instances the discounted price may in fact be in line with current market values, not below.

How do I buy a short sale?

Before making any purchase offers, do your research. Using a knowledgeable real estate professional from Target Cost Realty, LLC to support your research of a property will help you make knowledgeable decisions. We can help learn to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Obtaining these facts can help you determine how much to offer.
Get a real estate agent with short sale expertise. Target Cost Realty, LLC can assist you in expediting the transaction and make certain you're protected. Don't allow inexperience to hold up the closing process. Put my experience and knowledge to work in your favor.
Even with an experienced real estate agent and under the best of situations, buying a short sale property will generally take longer than a typical real estate transaction. Know that most short sales will not close in the customary 30 days or less. Remember that you're not only having to satisfy the seller, but the lender must also agree to the terms of the sale. Commonly, your offer will be seen by a committee for approval, which will add time - sometimes even 2 to 3 months.
Home protection plans, buyer credits and allowances, and closing cost concessions are generally not negotiable when dealing with a short sale. The lender will sell the property just the way it is which means the lender won't be paying for repairs. Always reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Target Cost Realty, LLC, when I write an offer, I will be looking out for your interests above all else and will always recommend that you make your offer contingent upon the results of the inspections.

When it is time to buy, whether it's a short sale or a typical home sale, Target Cost Realty, LLC can help. Utilize my experience and knowledge of real estate to make sure you are getting a fair deal and are protected during the whole matter.

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