In the market for a new home or equestrian ranch in Palm Springs? You may want to consider working with our Palm Springs area short sale expert to find the property of your dreams at a price that won’t break the bank. Buying a short sale property can be an ideal alternative to the typical real estate transaction, as chances are that you will get the home you’re interested in at a greatly reduced price.
Read on for five reasons that our Palm Springs area short sale expert recommends considering a short sale property.
1. Short sales are easy to find. When properties are on the brink of foreclosure, sellers will be more aggressive and list them in many places. When properties actually go into foreclosure, they are always listed and published.
2. Less competition. There is not as much competition when it comes to short sale properties. Many buyers find the process daunting and shy away because they don’t have a good short sale specialist to work with.
3. More control. One of the benefits of buying a short sale property is that you can control the amount that you are willing to pay. To execute a short sale, you work directly with the sellers and lenders, which gives you the opportunity to negotiate a lower price than you would be able to otherwise.
4. You can effectively target. Just as you would if you were looking for a property that is not in foreclosure, with a short sell you can target homes and neighborhoods that appeal to you.
5. Minimal risk. With a short sale, you won’t be in a situation where you have to put down a deposit to show you are serious. You’ll work directly with the bank, and if they reject your offer, you won’t have to spend a dime.
Image: sellyourdistressedproperty.com