Ready 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. For more information, simply contact me through my site or e-mail me. I'm happy to address questions you have about real estate short sales.

Purchasing a short sale in Palm Coast, Florida on your own is risky. Contact Capital Realty and Management Corp. for expert advice.

Are they good deals?

From time to time, yes. Most people hear the words "short sale" and routinely think of a seller that is in trouble and needs to sell their home fast to prevent further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most of another's misfortune. Alternatively, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have fallen. In these cases the discounted price may in fact be closer to current market values instead of below.

Are you ready to buy a short sale property?
  • Before you make any purchase offers, do your research. Using an experienced real estate professional from Capital Realty and Management Corp. to assist you with researching a property can help you make knowledgeable decisions. We can help reveal to whom the property is titled, the balance still owed to the lender, and whether or not a foreclosure notice has been filed. Finding these facts can help you make a decision about how much to offer.
  • Use a REALTOR® with short sale experience. The real estate agents at Capital Realty and Management Corp. can aid you in expediting the transaction and make certain you're protected. Don't allow inexperience to hinder the closing process. Let our experience and knowledge work in your favor.

  • Even with an experienced real estate agent and under the best of situations, buying a short sale property will usually take longer than a typical real estate transaction. Be aware that a majority of short sales will not close in the customary 30 days or less. Remember that you're not only having to satisfy the seller, but the lender must also agree to the terms of the sale. Commonly, your offer will be seen by a committee for approval, which will add time - sometimes even 2 to 3 months.
  • Home protection plans, buyer credits and allowances, and closing cost concessions are normally not up for negotiation when dealing with a short sale. The lender will be selling the property as seen which means the lender isn't going to pay for repairs. Always reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Capital Realty and Management Corp., when I write an offer, I'm looking out for your interests first and foremost and will always advise you to make your offer contingent upon the inspection results.
If you're ready to buy, whether it be a short sale or a typical home sale, Capital Realty and Management Corp. is here to help. Use my experience and knowledge of real estate to be certain you're getting a fair deal and remain protected during the full matter.