Tuesday, September 27, 2011

Survey: First time home buyers passing on short sales

We showed this Northcenter short sale early this year with confidence

A survey via Housing wire.com shows percentage of short-sales bought by first-time home buyers is trending down. 

A short sale is when a home owner negotiates with their lender to sell a property for less than they owe on the mortgage (without making up the difference out of pocket).

We have discussed buying short sales on this blog in the past.  We take a lot of the mystery out of short sales for our clients before even showing the property.  We set the expectations for our buyer clients that there are no guarantees. We reasearch key information that will help you gauge if a purchase is probable to get closed. We show all short sales, foreclosures and conventional sales that make sense for our clients and get the deals done.

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