Buying a Short Sale in Seminole County can be a Roller Coaster Ride…

Important factors to consider when buying a Lake Mary Short Sale…

Excitement, Frustration, Hope, Desperation, Anger, Disappointment, Disgust & Elation!  These are the feelings that a Lake Mary Homebuyer is likely to have during the 3rd party approval process of a home that is a short sale… And that’s during a sale THAT ACTUALLY ENDS UP HAPPENING.

Once you write a offer on a short sale you could be waiting weeks and often months for an answer from the seller’s lender. Should you consider writing an offer on a short sale?

Short sales are not for all Seminole County Home Buyers:

• If you have a specific timetable to meet… Don’t write a contract on a short sale.
• If you can’t accept the property in the condition that it is today… Don’t write a contract on a short sale.
• If you don’t have a backup plan… Don’t write a contract on a short sale.

If you are considering the purchase of a short sale…talk to a REALTOR.  Your REALTOR will advise you about the process and whether or not you are a candidate to purchase a short sale.  The process is often long and leaves many without a successful conclusion, be prepared for that outcome in advance.

Do the rewards often times out way the risks? Sometimes, but only you can decide if you are willing to wait, once you know all the facts.