Want to make a deal on a short sale?


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

Purchasing a short sale in Washington, North Carolina on your own is risky. Contact John Easterling - Coldwell Banker/Coastal Rivers Realty for expert advice.

Are short sales bargains?

From time to time, yes. Many people hear the term "short sale" and automatically think of a seller that is in financial trouble and needing to sell their home quickly to avert further financial problems. This is at times the case and can be an opportunity for a buyer to make the most of another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In cases such as these the discounted price may in fact be consistent with current market values rather than below.

How do I buy a short sale?

Always do your homework before making any offers. Using an experienced REALTOR^® from John Easterling - Coldwell Banker/Coastal Rivers Realty to support your research of a property will help you make informed decisions. We can help find out to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Locating these facts can help you decide how much to offer.
Hire a real estate professional with short sale knowledge. The real estate agents at John Easterling - Coldwell Banker/Coastal Rivers Realty can assist you in expediting the transaction and make certain you're protected. Don't let inexperience hold up the closing process. Let our experience and knowledge work in your favor.
Even with an experienced real estate agent and under the best of situations, buying a short sale property will probably take longer than a typical real estate transaction. Be aware that most short sales will not close in the customary 30 days or less. Remember that you're not only getting approval from the seller, but the lender must also agree to the discounted price. In most cases your offer will be seen by a committee to approve or disapprove 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 "as is" which means the lender isn't going to pay for repairs. Always reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At John Easterling - Coldwell Banker/Coastal Rivers Realty, when we write an offer, we are looking out for your interests above all else and will always advise you to make your offer contingent upon the results of the inspections.

When it's time to buy, whether it be a short sale or a typical home sale, John Easterling - Coldwell Banker/Coastal Rivers Realty is available for you. Utilize our experience and knowledge of real estate to be certain that you are getting a fair deal and remain protected during the complete process.

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John Easterling - Coldwell Banker/Coastal Rivers Realty 239 West Main Street Washington, NC 27889

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