Questions to Ask About a Short Sale
Short sales are in high demand in this down economy. They have become commonplace amongst listing agents, and can present quite a bargain for the savvy househunter who knows where to look.
But they are also a complex and complicated transaction that requires some knowledge and research. As with any real estate transaction, make sure you are working with a skilled and professional REALTOR®.
In addition, Karen Schlosser blogs about what you need to be sure to ask of a listing agent should you find yourself interested in a short sale listing.
“Before embarking on viewing or purchasing a short sale listing, the listing agent should be asked questions to obtain as much information about the status of the short sale as possible.
The purpose of asking questions ahead of time is to help assess the status of the short sale and, hopefully, set realistic expectations of the prospective transaction.”
A short sale could be an opportunity to get a potential homeowner into a great property. And any listing agent will most likely be more than happy to supply you with any information about the property that you may need. The best buyer is an informed buyer. So know what questions to ask.
Click through now to read Karen Schlosser’s blog.
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February 14 2010 04:09 pm | Short Sale