Looking to purchase a short sale?

When a lender and a homeowner 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 phrase "short sale" and routinely think of a seller that is insolvent and needing 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. On the other hand, a lender may consider a short sale even if the seller is current with their mortgage, but property values have declined. In these cases the discounted price may in fact be closer to actual market values, not below.

Are you ready to buy a short sale property?

  • Before making any purchase offers, do your homework. Using an experienced real estate professional from JG Atlanta Properties, LLC. to help you research a property can help you make knowledgeable decisions. We can help reveal to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Having these facts can help you decide how much to offer.
  • Use a REALTOR® with short sale knowledge. JG Atlanta Properties, LLC. can assist you in expediting the transaction and make sure you're protected. Don't allow inexperience to delay the closing process. Put my knowledge and experience to work for you.

  • Even with an experienced real estate agent and under the best circumstances, buying a short sale property will usually take longer than a typical real estate transaction. Be informed that most short sales will not close in 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 terms of the sale. Commonly, your offer will go before a committee to approve, which will add time - sometimes even 2 to 3 months.
  • Home protection plans, buyer credits and allowances, and closing cost concessions are normally non-negotiable when dealing with a short sale. The lender will sell the property as seen which means the lender won't be paying for repairs. Be sure you reserve the right to have the property inspected 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 first and will always recommend that you make your offer contingent upon the results of the inspections.
If you are ready to buy, whether it be a short sale or a typical home sale, JG Atlanta Properties, LLC. can help you. Utilize my experience and knowledge of real estate to make sure that you're getting a fair deal and remain protected during the entire transaction.