Want to purchase a short sale?


	If a homeowner is upside down on their mortgage payments, they can sometimes get the lender to agree to a short sale, whereby the lender consents to release the mortgage for a sum less than what's due. Should you have questions regarding real estate in Boulder City, Nevada, contact me here or e-mail me.

Purchasing a short sale in Boulder City, Nevada on your own is risky. Contact Loudin Group at Dick Blair Realty for expert advice.

Can I get a bargain on a short sale?

Every now and then a good deal will come along. Many people hear the words "short sale" and instinctively think of a seller that is insolvent and needing to sell their house quickly to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. In contrast, a lender may consider a short sale even if the seller is current, but property values have declined. In cases such as these the discounted price may in fact be consistent with actual market values rather than below.

How do I buy a short sale?

Always do your research before making any offers. Using an experienced real estate agent from Loudin Group at Dick Blair Realty to support your research of a property will help you make informed decisions. We can help reveal to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Having this information can help you decide how much to offer.
Get a REALTOR^® with short sale experience. The real estate agents at Loudin Group at Dick Blair Realty can aid you in expediting the transaction and make certain you're protected. Don't allow inexperience to impede the closing process. Put our knowledge and experience to work for you.
Even with an experienced real estate agent and under the best of situations, buying a short sale property will usually take longer than a typical real estate transaction. Be informed that a majority of 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 sale terms. Commonly, your offer will be sent to a committee for approval which will add time - sometimes even 2 to 3 months.
Home protection plans, buyer credits and allowances, and closing cost concessions are typically not up for negotiation when buying a short sale. The lender will sell the property as seen which means the lender will not be paying for repairs. Make sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Loudin Group at Dick Blair Realty, when we write an offer, we will be looking out for your interests first and will always advise you to make your offer contingent upon the outcome of the inspections.

When it is time to buy, whether it be a short sale or a typical home sale, Loudin Group at Dick Blair Realty is here to help. Utilize our experience and knowledge of real estate to make sure you are getting a fair deal and are protected during the whole transaction.

Loudin Group at Dick Blair Realty 833 Nevada Way, Ste. 2 Boulder City, NV 89005

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