5 TIPS Buying A Short Sale Property

Here are some tips on buying short sale properties.

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When buying a short sale, it is imperative to know what you are up against.

There are a handful of things you must know as a buyer and or real estate agent representing a buyer of a short sale.

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Disclosure: I am not an attorney, accountant or financial planner. Always seek out the appropriate professionals in your area for the advice needed regrading taxes, law and finance. I am a Florida real estate broker lic# BK3030453.

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[swarterin]

Super helpful! Thank you for putting this info out there.

[thehelpfulentrepreneur]

Great tips Steve and in regards to your point #3 it took us almost a year to close the deal on a condo short sale in Phoenix.

[averymeiznerTheNewHomeGuyABQ]

Hi who is making the payments on the property while the short sale drags on? In your example if the sale drags on 6 months wouldn't they lose thousands more?

[vicyproductions]

Question: The short sale negotiator happens when you're under contract? The short sale negotiator will deny but will they counter a number while it's under contract with my offer? Meaning I wouldn't want the short sale negotiator talking to multiple contracts.

[thugssaints]

My family is in the middle of a Short Sale. Is there any way to contact the sellers lender to find out BPO or should we just continue to keep waiting for a response from the sellers attorney?

[KPE]

So the sellers lender is going to approve the short sale based on the appraisal or BPO? So if the offer is 245k and the appraisal comes back at 240k-245k then the lender will more than likely approve the short sale?

[touringrealestatebroker]

Greetings from Colorado Springs Steve. We where in Fl. this summer Love the Ocean and Beach. Head to outrun Hurricane Found your vidio through Rayne ''s video for LinkedIn how to do it. Great vidioa. Bin a Broker since 1985 in CO

[ellisdavis]

Do do mentoring? I just got my license and trying to be a investor as well.

[lapeyrerealty]

I do it in one to three months my daughter does it

[sirduke]

A realtor told me a short sale I'm considering could close in 14 days if I paid all cash. This sounds a bit suspect.

[Thomassantucci]

Why did I think this was about a man selling shorts as a short salesman telling me what shorts to buy

[moderndayempire]

#moderndayempire #Entrepreneursring
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[jermon]

Is it common for short sale Realtors not to tell you. How far behind the homeowner is if there's a chance good mortgage can be bought current?

[TheKINGISM]

Ok but what if the owner is only offering the sale to you? And you alone?

[dimpless]

Hey Steve,
I was wondering if you could answer some questions for me about short selling? Thank you!

[milagrosroman]

Way to complicated!! Made me get scared

[lovo]

It doesn’t make sense, foreclosure are not listed by agents, how this guy said it’s listed by agent 🤣🤷‍♂️