Ready to purchase a short sale?
When a homeowner owes more on their house than its value, it's becoming increasingly common for the lender to agree to a short sale, whereby the lender agrees to release the mortgage for a sum less than what's owed. Should you have any questions about real estate in Waterville, Maine, contact me here or e-mail me
Can I get a bargain on a short sale?
The short answer is "sometimes". Most people hear the phrase "short sale" and instinctively think of a seller that is insolvent and must sell their home quickly to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most of another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have fallen. In cases such as these the discounted price may in fact be closer to actual market values instead of below.
What's involved in buying a short sale?
If you're ready to buy, whether it be a short sale or a typical home sale,
Coldwell Banker Plourde Real Estate can help. Use my experience and knowledge of real estate to be certain that you are getting a fair deal and remain protected during the full matter.