Looking to purchase a short sale?


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

Purchasing a short sale in Brentwood, Tennessee on your own is risky. Contact Benchmark Realty, LLC for expert advice.

Are short sales good deals?

Sometimes. Most people hear the phrase "short sale" and automatically think of a seller that is insolvent and needs to sell their home fast to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to do well from another's misfortune. Alternatively, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In these cases the "bargain" price may in fact be in line with actual market values, not below.

What's involved in buying a short sale?

Always do your homework before making any offers. Using a knowledgeable real estate professional from Benchmark 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, the amount 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.
Hire an agent with short sale experience. The real estate agents at Benchmark Realty, LLC can assist you in expediting the transaction and ensure that you're protected. Don't permit inexperience to slow down 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 less than 30 days. Remember that you're not only getting approval from the seller, but the lender must also agree to the sale terms. It's not uncommon that your offer will go before a committee to approve or disapprove which will add time - sometimes even 2 to 3 months.
Home warranties, buyer credits and allowances, and closing cost concessions are normally non-negotiable when dealing with a short sale. The lender will be selling the property as seen which means the lender won't be paying for repairs. Be sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Benchmark Realty, LLC, when we write an offer, we will be looking out for your interests above all else and will always recommend that you make your offer contingent upon the inspection results.

When you are ready to buy, whether it's a short sale or a typical home sale, Benchmark Realty, LLC is available for you. Apply our experience and knowledge of real estate to be certain that you are getting a fair deal and are protected during the complete deal.

Benchmark Realty, LLC 7127 Crossroads Blvd Ste 102 Brentwood, TN 37027-2827

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