Ready to make a deal on a short sale?


	When a lender and a seller agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale. For more information, simply contact me through my site or e-mail me. I'm glad to answer any questions you have regarding real estate short sales.

Purchasing a short sale in Napa, California on your own is risky. Contact Heli Sairanen, Broker, Coldwell Banker BOV for expert advice.

Can I get a good deal on a short sale?

Sometimes. 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 avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to take advantage of another's misfortune. More commonly, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In these instances the "bargain" price may in fact be in line with current market values, not below.

How do I buy a short sale?

Always do your research before making any offers. Using a knowledgeable real estate professional from Heli Sairanen, Broker, Coldwell Banker BOV to assist you with researching a property will help you make informed decisions. We can help find out to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Getting this info can help you determine how much to offer.
Get a real estate agent with short sale expertise. The real estate agents at Heli Sairanen, Broker, Coldwell Banker BOV can assist you in expediting the transaction and make sure you're protected. Don't permit inexperience to slow down the closing process. Put our experience and knowledge to 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 terms of the sale. In most cases your offer will be sent to a committee for approval which will add time - sometimes even 2 to 3 months.
Home protection warranties, buyer credits and allowances, and closing cost concessions are typically not negotiable when dealing with a short sale. The lender will sell the property just the way it is which means the lender won't be paying for repairs. Make sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Heli Sairanen, Broker, Coldwell Banker BOV, when we write an offer, we are looking out for your interests first and will always recommend that you make your offer contingent upon the inspection results.

When you are ready to buy, whether it be a short sale or a typical home sale, Heli Sairanen, Broker, Coldwell Banker BOV can help you. Apply our experience and knowledge of real estate to be certain that you're getting a fair deal and are protected during the whole purchase transaction.