Tips For Buying a Short Sale Property

  • Choose a realtor with short-sale experience
  • Many short-sale properties are sold as-is, which means no repairs will be made by Seller
  • Your offer may be rejected or countered. Be prepared to consider raising your offer prices as lenders want to net as much as possible
  • Be very patient!
  • Consider continuing your home search even if you submitted an offer on a short-sale property since it is not guaranteed your offer will be accepted
  • Short-sale properties may be less likely to be trashed or ransacked
  • Don’t assume a short-sale property is a steal. Get comparisons for other properties in the area

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