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Making a Short Sale Offer

If you’ve done your homework and believe you're a good candidate for a short sale, the process of making an offer is very similar to that of a traditional sale. The primary difference is the length of time it takes to get final approval.

When buying a short sale, patience is key

Key points to keep in mind when buying a short sale:

  • You can get a good deal, but you need to be realistic in the offer you submit 
  • The seller will typically accept or respond to your offer within one or two days
  • Obtaining approval from the seller’s lender may take time due to the number of parties involved in the transaction
  • Once the lender accepts your offer, you’ll move forward just as you would with any real estate transaction

Buying a HomeSteps® Home?  Check out these 4 tips.

 

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