Ready to make a deal on a short sale?

When a lender and a seller agree to release a mortgage for an amount less than what's owed on a house, it's called a short sale. Should you have questions regarding real estate in Flowery Branch, Georgia, contact me here or e-mail me.

Purchasing a short sale in Flowery Branch, Georgia on your own is risky. Contact JG Atlanta Properties, LLC. for expert advice.

Can I get a good deal on a short sale?

Sometimes. Many people hear the words "short sale" and routinely think of a seller that is insolvent and needing to sell their property quickly to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. In contrast, a lender may consider a short sale even if the seller is current, but property values have declined. In these cases the "bargain" 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 real estate agent from JG Atlanta Properties, LLC. to help you research a property can help you make educated decisions. We can help discover to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Finding this data can help you decide how much to offer.
  • Get a real estate professional with short sale experience. JG Atlanta Properties, LLC. can aid you in expediting the transaction and ensure that you're protected. Don't let inexperience hold up the closing process. Put my knowledge and experience to work for you.

  • Even in the best of situations and with an experienced real estate agent, buying a short sale property will usually take longer than a typical real estate transaction. Be aware that most short sales will not close in 30 days or less. Remember that you're not only getting approval from the seller, but the lender must also agree to the sale terms. It's not uncommon that your offer will be presented to a committee to approve or disapprove, which will add time - sometimes even 2 to 3 months.
  • Home warranties, buyer credits and allowances, and closing cost concessions are generally not negotiable when dealing with a short sale. The lender will sell the property "as is" which means the lender won't be paying for repairs. Be sure to reserve the right to have inspections for pests, HVAC, electrical, and other critical areas. At JG Atlanta Properties, LLC., when I write an offer, I'm looking out for your interests above all else and will always recommend that you make your offer contingent upon the outcome of the inspections.
When you are ready to buy, whether it's a short sale or a typical home sale, JG Atlanta Properties, LLC. can help. Apply my experience and knowledge of real estate to be certain you're getting a fair deal and will be protected during the whole process.