Your Grand Prairie real estate expert

Ready to make a deal on a short sale?

When a homeowner owes more on their home than its value, they can sometimes get the lender to agree to a short sale, whereby the lender agrees to release the mortgage for a sum less than what's due. For more information, simply contact me through my site or e-mail me. I'm glad to answer questions you have about 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 bargain on a short sale?

Every now and then a good deal will come along. Most people hear the words "short sale" and routinely think of a seller that is in trouble and needing to sell their home promptly to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on another's misfortune. More commonly, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In these instances the reduced price may in fact be closer to true market values, not below.

Are you ready to buy a short sale property?

Always do your homework before making any offers. Using an experienced real estate professional from Target Cost Realty, LLC to assist you with researching a property can help you make educated decisions. We can help learn to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Getting this data can help you make a decision about how much to offer.
Get a real estate agent with short sale knowledge. Target Cost Realty, LLC can aid you in expediting the transaction and make certain you're protected. Don't let inexperience impede the closing process. Put my experience and knowledge to work in your favor.
Even in the best of situations and with an experienced real estate agent, buying a short sale property will usually take longer than a typical real estate transaction. Know that most short sales will not close in 30 days or less. Remember that you're not only getting approval from the seller, but the lender must also agree to the sale terms. A lot of the time your offer will be presented to a committee to approve, which will add time - sometimes even 2 to 3 months.
Home protection warranties, buyer credits and allowances, and closing cost concessions are generally not up for negotiation when working with a short sale. The lender is selling the property just the way it is which means the lender isn't going to pay for repairs. Make sure to reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Target Cost Realty, LLC, when I write an offer, I'm looking out for your interests first and foremost and will always suggest that you make your offer contingent upon the inspection results.

When it is time to buy, whether it be a short sale or a typical home sale, Target Cost Realty, LLC is available for you. Utilize my experience and knowledge of real estate to feel confident you're getting a fair deal and remain protected during the entire transaction.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.