Since 2008 short selling has become increasingly viable option. Short selling a home has advantages for both the seller and the buyer. However, it is a convoluted process. A short sale has all the pitfalls of a standard real estate sale and more besides. When thinking about buying or selling a short sale property it is important to get the best possible help. Garry Real Estate will consult with you to see if a short sale is right for you.
Many would-be home buyers look into purchasing a foreclosure or REO (‘real estate owned’ by a bank) property in hopes of snatching up a bargain. While there are many great deals to be found in the foreclosure market it is just like any other real estate transaction. You will need an experienced agent to guide you through the process. You will still want to be pre-approved by a mortgage broker. A professional inspection is still a vital step in the process. While purchasing a foreclosed property can be a profitable investment, it is important to be wary of the pitfalls. For more information about safely buying a foreclosure, check out these online resources.