Looking to make a deal on a short sale?


	A short sale means the homeowner's lender has agreed to receive a reduced payoff to release a mortgage.

Purchasing a short sale in Marlton, New Jersey on your own is risky. Contact The DiPinto Team for expert advice.

Can I get a bargain on a short sale?

Sometimes. Often times people hear the phrase "short sale" and automatically think of a seller that is insolvent and needs to sell their home promptly to prevent further financial problems. This is sometimes the case and can be an opportunity for a buyer to take advantage 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 depreciated. In cases such as these the discounted price may in fact be consistent with true market values rather than below.

Are you ready to buy a short sale property?

Always do your research before making any offers. Using a qualified real estate professional from The DiPinto Team to assist you with researching a property can help you make knowledgeable decisions. We can help reveal to whom the property is titled, the amount owed to the lender, and whether or not a foreclosure notice has been filed. Finding this information can help you make a decision about how much to offer.
Hire a REALTOR^® with short sale expertise. The real estate agents at The DiPinto Team can assist you in expediting the transaction and make sure you're protected. Don't permit inexperience to hold up the closing process. Put our experience and knowledge to 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 informed that many short sales will not close in less than 30 days. Remember that you're not only having to satisfy the seller, but the lender must also agree to the discounted price. In most cases your offer will go before a committee for approval which will add time - sometimes even 2 to 3 months.
Home warranties, buyer credits and allowances, and closing cost concessions are normally not up for negotiation when buying a short sale. The lender will be selling the property as seen which means the lender isn't going to pay for repairs. Be sure you reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At The DiPinto Team, when we write an offer, we are 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, The DiPinto Team is here to help. Apply our experience and knowledge of real estate to be certain that you are getting a fair deal and are protected during the full matter.