Posts Tagged ‘short sale market’
How should I put an offer to a short sale house?
I live in central NJ with still high real estate market, but plenty of foreclosure and short sale.
There is a house listed for 509k in short sale. It seems to be in good condition in a nice area. So I was wondering how low offer should I put on this house?
Is real estate short sale risky?
I am being approached all the time by Nouveau Riche representatives wanting me to partner for the short-sale market they say is just exploding. I can see the value, but I don’t understand the risks. Is real estate short sale risky? Specifically, how difficult is it to find the:
- distressed homeowner,
- bank, and
- investor willing to go through with the deal?
I appreciate a response from someone “in the know” who’s willing to straight-talk this one.
