Short Sales: Should You Buy That Home?

If you’re on a budget, short sales can be a good investment. Here’s what it means to buy one.

The bank is involved. Short sale means the seller was underwater on the mortgage. So a bank is now involved in the selling process.

The price is lower. You can often find a good deal. But that could mean the home needs repairs. Consider this carefully.

The process takes longer. The bank has to approve the sale. This could take months, so be ready to wait.

Short sales can get you a good deal on the house. But it comes with added risks and possible complications. Be patient and knowledgeable if you’re willing to buy a short-sale property.

Check out some other helpful posts in my blog whether you’re planning to buy or sell a home or will just be doing some upgrades to your home. If you need help or have questions regarding home buying, selling or in Real Estate, feel free to call me at (905) 575-5478 or message me directly at mike@mikemccarthyrealty.com

Sincerely,
Mike McCarthy, MBA
Realtor