Ready to buy a short sale?


	A short sale is when the homeowner's lender has agreed to accept a reduced payoff to release a mortgage. Should you have any questions about real estate in Napa, California, contact me here or e-mail me.

Purchasing a short sale in Napa, California on your own is risky. Contact Marcia Hadeler, REALTOR for expert advice.

Can I get a bargain on a short sale?

From time to time, yes. Many people hear the term "short sale" and routinely think of a seller that is in default and needing to sell their home fast to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to take advantage of another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current with their mortgage, but property values have depreciated. In these instances the reduced price may in fact be consistent with current market values, not below.

Are you ready to buy a short sale property?

Prior to making any purchase offers, do your research. Using a qualified real estate professional from Marcia Hadeler, REALTOR to support your research of a property will help you make educated decisions. We can help discover to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Obtaining this information can help you decide how much to offer.
Get a REALTOR^® with short sale knowledge. The real estate agents at Marcia Hadeler, REALTOR can assist you in expediting the transaction and make sure you're protected. Don't allow inexperience to delay the closing process. Put our experience and knowledge to work in your favor.
Even with an experienced real estate agent and under the best circumstances, buying a short sale property will generally take longer than a typical real estate transaction. Be aware that many 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 terms of the sale. It's not uncommon that your offer will be sent to a committee to approve which will add time - sometimes even 2 to 3 months.
Home protection warranties, buyer credits and allowances, and closing cost concessions are normally not up for negotiation when buying a short sale. The lender will sell the property just the way it is which means the lender will not be paying for repairs. Be sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Marcia Hadeler, REALTOR, when we write an offer, we are looking out for your interests first and will always recommend that you make your offer contingent upon the results of the inspections.

When you are ready to buy, whether it's a short sale or a typical home sale, Marcia Hadeler, REALTOR can help. Apply our experience and knowledge of real estate to be certain you are getting a fair deal and will be protected during the complete matter.