Ready to purchase a short sale?


	A short sale is when the homeowner's lender consents to get a reduced payment to release a mortgage. For more information, simply contact me through my site or e-mail me. I'm glad to answer questions you have regarding real estate short sales.

Purchasing a short sale in Missoula, Montana on your own is risky. Contact Windermere Real Estate for expert advice.

Are short sales good deals?

The short answer is "sometimes". Often times people hear the phrase "short sale" and instinctively think of a seller that is in financial trouble and needs to sell their house promptly to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to make the most of another's misfortune. Alternatively, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have declined. In these instances the discounted price may in fact be consistent with current market values instead of below.

How do I buy a short sale?

Always do your homework before making any offers. Using a qualified REALTOR^® from Windermere Real Estate to assist you with researching a property can 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 real estate professional with short sale expertise. The real estate agents at Windermere Real Estate can help expedite the transaction and ensure that you're protected. Don't let inexperience hinder the closing process. Let our experience and knowledge work for you.
Even with an experienced real estate agent and under the best of situations, buying a short sale property will generally take longer than a typical real estate transaction. Be informed that most short sales will not close in less than 30 days. Remember that you're not only having to satisfy the seller, but the lender must also agree to the sale terms. A lot of the time your offer will be presented to a committee to approve or disapprove which will add time - sometimes even 2 to 3 months.
Home protection plans, buyer credits and allowances, and closing cost concessions are typically non-negotiable when dealing with a short sale. The lender will be selling the property as seen which means the lender will not be paying for repairs. Be sure to reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At Windermere Real Estate, when we write an offer, we are looking out for your interests first and will always suggest that you make your offer contingent upon the inspection results.

If you are ready to buy, whether it's a short sale or a typical home sale, Windermere Real Estate can help you. Utilize our experience and knowledge of real estate to be certain that you're getting a fair deal and will be protected during the entire process.