Short Sales – Tips to Sell in Under a Month
Before embarking on the short sale process, real estate investors should do their due diligence. This includes visiting a short sale property, obtaining a home inspection, and conducting a title search. This information will help investors determine what the home is worth and what repairs or renovations might be needed. In addition, they should also check the amount owed on the property compared to its market value. Finally, they should determine if there are any liens on the property. The buying process for short sales can be long and complex, so buyers should be patient and have steel nerves. They should also have the strength to walk away from a short sale if needed. Remember that most short sales aren’t completed immediately. They will need to be negotiated on a weekly basis. The process requires the seller to provide an accurate financial picture and all of the required documents. Missing…