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The 10 Steps to Short-Sale Home Buying

Category: Real Estate  |  Permalink

Published: Friday, January 22, 2010

The past couple of years have without a doubt been a buyer's market. Signs with the words "Foreclosure" or "Short Sale" have sprouted out like weeds; often times littering an entire street or cul-de-sac of a neighborhood. Fortunately for current homebuyers in search of a piece Murrieta real estate or Temecula real estate, this situation provides a multitude of options to choose from at prices that really can't be beat. If you are currently looking into purchasing a short sale home, then it's important to know ten key steps to short sale home buying.

Short Sale Home Buying in 10 Steps

  1. Identify any short sales that you are interested in.

  2. View the properties.

  3. Be sure to do your research on the property. Estimated utilities, schools, shopping, commute, etc...

  4. Find all liens and mortgages.

  5. Figure out the financing.

  6. Get in touch with the lender.

  7. Complete the lender's short sale application.

  8. Put together a proposal.

  9. Negotiate your terms.

  10. Seal the deal.

Purchasing a home is a huge investment emotionally and financially. Fortunately as a homebuyer you have the opportunity to take advantage of the amazing deals this market has to offer. To answer all of your questions about Temecula real estate or Murrieta real estate, contact Century 21 Wright. C21 Wright has years upon years of experience in the real estate field and knows the real estate market. C21 Wright can help you find the home of your dreams at an unbeatable price. Be sure to visit C21 Wright site for more information on purchasing a piece of Temecula real estate or Murrieta real estate.

Visitor Comments ( 1 ) | Post a Comment
Posted by: Real Estate Vietnam
Wednesday, March 24, 2010 @ 8:39:30 PM

Buyers pursue short sales to get a good deal. So when you see a price listed for a home that you think is too low for the neighborhood, before you jump on that price like hot fudge on a sundae, ask your agent to call the listing agent to find out if the home is a short sale. Nice write-up! you bring up an interesting topic. Your tips and guidelines here are surely helpful! Regards, Tina

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About this Page: The past couple of years have without a doubt been a buyer’s market. Signs with the words “Foreclosure” or “Short Sale” have sprouted out like weeds; often times littering an entire street or cul-de-sac of a neighborhood. Fortunately for current homebuyers in search of a piece Murrieta real estate or Temecula real estate, this situation provides a multitude of options to choose from at prices that really can’t be beat.