WHEN A SHORT SALE MAKES SENSE

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Dedicated and skilled investors of Palm Beach real estate sometimes consider a ‘short sale’ as a great opportunity to make money off a home he or she believes will foreclose in the near future. A short sale makes sense if a buyer is willing to put in a lot of time and effort to identify homes near foreclosure, convincing the home owner it is a good idea to sell, and then negotiating with the bank to find a suitable cash offer in return for some of the loan. For investors considering a short sale in Palm Beach, Wellington, Gulf Stream, Boynton Beach, are any of the communities in the area, working with a local realtor can save a lot of time and effort. A realtor can help find the right properties, negotiate with the homeowner and liaise with the bank.

For Palm Beach homeowners who are looking to sell their home quickly, sometimes a short sale makes sense. By agreeing to a short sale, the seller can avoid the bank proceedings associated with a foreclosure and resolve their own financial situation without delay. The best way to find investors interested in properties with short sale potential is through a skilled and well-connected realtor in the community. Realtors often have access to investors who have expressed interest in properties near foreclosure. The realtor can also help both you and the investor in dealing with the bank, since the bank ultimately needs to let some or the entire loan go.

To learn more about when a short sale makes sense, contact your realtor.

Smart Refinancing | What is Real Estate Foreclosure? | When a Short Sale Makes Sense