Looking to make a deal on a short sale?

A short sale is when the seller's lender agrees to accept a reduced payoff 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 about real estate short sales.

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

Are short sales good deals?

Sometimes. Often times people hear the phrase "short sale" and instinctively think of a seller that is insolvent and needs to sell their property quickly to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to do well from another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current, but property values have declined. In cases such as these the reduced price may in fact be consistent with true market values, not below.

How do I buy a short sale?

  • Always do your homework before making any offers. Using an experienced real estate agent from JG Atlanta Properties, LLC. to support your research of a property can help you make educated decisions. We can help discover to whom the property is titled, the balance still owed to the lender, and whether or not a foreclosure notice has been filed. Getting this data can help you determine how much to offer.
  • Hire an agent with short sale experience. JG Atlanta Properties, LLC. can assist you in expediting the transaction and ensure that you're protected. Don't allow inexperience to impede the closing process. Let my 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 usually take longer than a typical real estate transaction. Know that most short sales will not close in the customary 30 days or less. Remember that you're not only having to get approval from the seller, but the lender must also agree to the discounted price. 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 normally not up for negotiation when dealing with a short sale. The lender will sell the property as seen which means the lender won't be paying for repairs. Make sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At JG Atlanta Properties, LLC., when I write an offer, I will be looking out for your interests above all else and will always recommend that you make your offer contingent upon the outcome of the inspections.
If you are ready to buy, whether it's a short sale or a typical home sale, JG Atlanta Properties, LLC. is here to help. Apply my experience and knowledge of real estate to be confident that you're getting a fair deal and protect yourself during the full process.