Want to buy a short sale?


	When a lender and a seller agree to release a mortgage for an amount less than what's owed on the property, it's called a short sale. For more information, simply contact me through my site or e-mail me. I'm glad to address any questions you have regarding real estate short sales.

Purchasing a short sale in Sammamish, Washington on your own is risky. Contact Trishmark Real Estate for expert advice.

Can I get a bargain on a short sale?

From time to time, yes. Most people hear the words "short sale" and automatically think of a seller that is insolvent and needing to sell their home fast to avert further financial problems. This is occasionally the case and can be an opportunity for a buyer to make the most of another's misfortune. On the other hand, a lender may consider a short sale even if the seller is current, but property values have fallen. In these cases the discounted price may in fact be in line with actual market values instead of below.

Are you ready to buy a short sale property?

Before you make any purchase offers, do your research. Using a qualified REALTOR^® from Trishmark Real Estate to support your research of a property can help you make informed decisions. We can help learn to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Acquiring this information can help you make a decision about how much to offer.
Get a real estate agent with short sale expertise. The real estate agents at Trishmark Real Estate can help expedite the transaction and make sure you're protected. Don't allow inexperience to hold up the closing process. Let our experience and knowledge 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 most short sales will not close in 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. A lot of the time your offer will be presented to 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 negotiable when buying a short sale. The lender will be selling the property as seen which means the lender won't be paying for repairs. Be sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Trishmark Real Estate, when we write an offer, we will be looking out for your interests above all else and will always recommend that you make your offer contingent upon the inspection results.

When you are ready to buy, whether it's a short sale or a typical home sale, Trishmark Real Estate can help. Apply our experience and knowledge of real estate to be certain that you are getting a fair deal and will be protected during the complete purchase transaction.