Want to purchase a short sale?


	A short sale means the seller's lender agrees to accept a reduced amount to release a mortgage.

Purchasing a short sale in Lantana, Florida on your own is risky. Contact Home Max Realty International for expert advice.

Can I get a good deal on a short sale?

The short answer is "sometimes". Often times people hear the phrase "short sale" and routinely think of a seller that is in financial trouble and needing to sell their property fast to avoid further financial problems. This is occasionally the case and can be an opportunity for a buyer to cash in on another's misfortune. On the other hand, a lender may consider a short sale even if the seller isn't delinquent with their payments, but property values have depreciated. In these instances the reduced price may in fact be in line with actual market values, not below.

How do I buy a short sale?

Always do your research before making any offers. Using an experienced REALTOR^® from Home Max Realty International to help you research a property will help you make educated decisions. We can help find out to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Obtaining these facts can help you determine how much to offer.
Get a REALTOR^® with short sale knowledge. The real estate agents at Home Max Realty International can help expedite the transaction and make sure you're protected. Don't let inexperience delay the closing process. Put our knowledge and experience to work for you.
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 informed that a majority of 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 discounted price. Commonly, your offer will be seen by a committee to approve which will add time - sometimes even 2 to 3 months.
Home protection plans, buyer credits and allowances, and closing cost concessions are generally not up for negotiation when dealing with a short sale. The lender is selling the property as seen which means the lender won't be paying for repairs. Make sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Home Max Realty International, when we write an offer, we are looking out for your interests above all else and will always suggest that you make your offer contingent upon the results of the inspections.

When you're ready to buy, whether it's a short sale or a typical home sale, Home Max Realty International can help. Use our experience and knowledge of real estate to be certain you're getting a fair deal and are protected during the complete matter.

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The data relating to all properties for sale or lease on the Home Max Realty website comes in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate Broker participates. The homes displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Homes for sale that are listed by Brokers other than this Broker are marked with either the listing Broker's name or the MLS name or a logo provided by the MLS. The Detailed listing page about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Home Max Realty is an equal housing opportunity real estate broker serving South Florida area. By accessing this page you are agreeing to our terms of use.