Short sales

[kev374]

I am noticing an increasing number of short sales on the MLS lately. Still overpriced but some are showing the first signs of decent deals. In South OC I’m consider something a good deal if it’s between $200-225/sqft.

Question is, how does the short sale purchase process differ from a regular purchase with regard to disclosures etc. What are the key differences in terms of buyer rights?

Thanks

[SD Realtor]

You have all the same rights as with any resale. Short sales are great opportunities for buyers, however you MUST have patience. You get a chance to save money, the only difference between a short sale and a sale that is not short is that the the lender has to approve the sale ALONG with the seller.

If you do not have patience, then don’t do it.

SD Realtor

-Note I have not given you the long diatribe of why it takes so long and the requirements for the seller. Again, from a buyers standpoint you have all the same rights. It doesn’t mean the seller or lender will agree to accept your requests though.

[SD Realtor]

You have all the same rights as with any resale. Short sales are great opportunities for buyers, however you MUST have patience. You get a chance to save money, the only difference between a short sale and a sale that is not short is that the the lender has to approve the sale ALONG with the seller.

If you do not have patience, then don’t do it.

SD Realtor

-Note I have not given you the long diatribe of why it takes so long and the requirements for the seller. Again, from a buyers standpoint you have all the same rights. It doesn’t mean the seller or lender will agree to accept your requests though.

[SD Realtor]

You have all the same rights as with any resale. Short sales are great opportunities for buyers, however you MUST have patience. You get a chance to save money, the only difference between a short sale and a sale that is not short is that the the lender has to approve the sale ALONG with the seller.

If you do not have patience, then don’t do it.

SD Realtor

-Note I have not given you the long diatribe of why it takes so long and the requirements for the seller. Again, from a buyers standpoint you have all the same rights. It doesn’t mean the seller or lender will agree to accept your requests though.

[SD Realtor]

You have all the same rights as with any resale. Short sales are great opportunities for buyers, however you MUST have patience. You get a chance to save money, the only difference between a short sale and a sale that is not short is that the the lender has to approve the sale ALONG with the seller.

If you do not have patience, then don’t do it.

SD Realtor

-Note I have not given you the long diatribe of why it takes so long and the requirements for the seller. Again, from a buyers standpoint you have all the same rights. It doesn’t mean the seller or lender will agree to accept your requests though.

[SD Realtor]

You have all the same rights as with any resale. Short sales are great opportunities for buyers, however you MUST have patience. You get a chance to save money, the only difference between a short sale and a sale that is not short is that the the lender has to approve the sale ALONG with the seller.

If you do not have patience, then don’t do it.

SD Realtor

-Note I have not given you the long diatribe of why it takes so long and the requirements for the seller. Again, from a buyers standpoint you have all the same rights. It doesn’t mean the seller or lender will agree to accept your requests though.

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