Ready to purchase a short sale?


	A short sale happens when the homeowner's lender consents to receive a reduced payoff to release a mortgage. Should you have any questions about real estate in Charlotte, North Carolina, contact me here or e-mail me.

Purchasing a short sale in Charlotte, North Carolina on your own is risky. Contact Homes with Heart USA, Inc. for expert advice.

Can I get a good deal on a short sale?

The short answer is "sometimes". Most people hear the words "short sale" and routinely think of a seller that is insolvent and needs to sell their house fast 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. In contrast, a lender may consider a short sale even if the seller is current, but property values have declined. In these instances the discounted price may in fact be consistent with actual market values rather than below.

How do I buy a short sale?

Before making any purchase offers, do your research. Using a qualified real estate agent from Homes with Heart USA, Inc. to assist you with researching a property will help you make knowledgeable 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 these facts can help you decide how much to offer.
Use a real estate professional with short sale expertise. The real estate agents at Homes with Heart USA, Inc. can help expedite the transaction and make sure you're protected. Don't permit inexperience to delay the closing process. Put our knowledge and experience to work for you.
Even with an experienced real estate agent and under the best of situations, 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 less than 30 days. Remember that you're not only having to get approval from the seller, but the lender must also agree to the discounted price. It's not uncommon that your offer will go before 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 typically non-negotiable when dealing with a short sale. The lender is selling the property "as is" which means the lender won't be paying for repairs. Be sure to reserve the right to have the property inspected for pests, HVAC, electrical, and other critical areas. At Homes with Heart USA, Inc., when we write an offer, we will be looking out for your interests first and will always recommend that you make your offer contingent upon the outcome of the inspections.

When it's time to buy, whether it be a short sale or a typical home sale, Homes with Heart USA, Inc. is here to help. Use our experience and knowledge of real estate to make sure you are getting a fair deal and will be protected during the entire deal.