Want to purchase a short sale?


	When a lender and a seller 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 us through our site or e-mail us. I'm happy to address questions you have regarding real estate short sales.

Purchasing a short sale in El Cajon, California on your own is risky. Contact Linkpin Realty for expert advice.

Can I get a good deal on a short sale?

Every now and then a good deal will come along. Many people hear the words "short sale" and automatically think of a seller that is in default and needs to sell their property fast to avert further financial problems. This is sometimes the case and can be an opportunity for a buyer to do well from 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 cases such as these the reduced price may in fact be in line with true market values rather than below.

How do I buy a short sale?

Always do your homework before making any offers. Using a knowledgeable real estate agent from Linkpin Realty to help you research a property can help you make educated decisions. We can help learn 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 experience. The real estate agents at Linkpin Realty can aid you in expediting the transaction and make sure you're protected. Don't let inexperience impede the closing process. Put our knowledge and experience to work for you.
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. Know that a majority of short sales will not close in less than 30 days. Remember that you're not only getting approval from the seller, but the lender must also agree to the sale terms. A lot of the time your offer will be seen by a committee to approve which will add time - sometimes even 2 to 3 months.
Home warranties, buyer credits and allowances, and closing cost concessions are usually non-negotiable when buying a short sale. The lender will be selling the property "as is" which means the lender will not be paying for repairs. Make sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Linkpin Realty, when we write an offer, we are looking out for your interests first and will always suggest that you make your offer contingent upon the outcome of the inspections.

If you are ready to buy, whether it's a short sale or a typical home sale, Linkpin Realty is here to help. Use our experience and knowledge of real estate to be certain that you're getting a fair deal and remain protected during the whole process.