If you’re thinking about buying a short sale, your Charlotte Realtor® can help you find the best possible home – and you’ll do even better if you follow these simple tips for buying a short sale. 3 Tips for Buying a Short Sale First things first: It’s probably in your best interest to work with an experienced real estate agent if you’re buying a short sale. These types of transactions are typically very complex and time-consuming, and most people find that it’s best to have a seasoned … Continue reading...

For buyers, snagging a short sale can be a great deal. You may have the chance to buy a home at slightly below its fair market value – but it has its downsides, too. Advantages to Buying a Short Sale Most sellers use a short sale as a way to avoid foreclosure. (Contrary to what many people think, foreclosure is a nightmare for lenders, too – it’s costly and time-consuming.) That means if you buy a short sale, you’re likely helping the seller quite a bit. However, there are other … Continue reading...

In real estate, a short sale doesn’t have anything to do with the amount of time it takes to close (in fact, it’s can be the opposite of “short”). Instead, it refers to the amount of money the sellers owe and what they’re charging for the house. What is a Short Sale? A short sale is the act of selling a home for less than the amount of the mortgage still owed on it. For example, someone who owes $200,000 on a home may end up selling it for $190,000, leaving $10,000 still owed to the … Continue reading...