Every now and then a good deal will come along. Most people hear the phrase "short sale" and automatically think of a seller that is insolvent and must sell their home fast to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to cash in on 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 depreciated. In these instances the "bargain" price may in fact be closer to true market values, not below.
What's involved in buying a short sale?
Use a real estate agent with short sale knowledge. MOVE Utah Real Estate can help expedite the transaction and make sure you're protected. Don't let inexperience hold up the closing process. Let our experience and knowledge work in your favor.
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