So how is the real estate market as of late...the numbers tell you things have cooled a bit. Will we see an uptick with the freshly lowered interest rates. Only time will tell. ;
Are Short Sales Worth It
Now lets say you get the bank to agree to the price, well now the fun really begins. You don't know the seller, the list agent may not even realize the seller is keeping some things to themselves and if they have not been upfront with the list agent now the real fun begins. Bankruptcy, State and Federal Liens, Child Support issues all of these and more can throw a wrench into the whole thing and make it impossible to close before your approval from the Banks runs out and you potentially have to start all over.
I don't know each and every persons personal situation, but I don't thinks the full situation people are getting into is known by them or explained well enough that they are prepared for what lies ahead. Every short sale is different and what I have described here is kind of a worst case scenario but I hope others can glean something from it.
Jason has been a real estate broker since 2005 and has continued to sharpen his skills to become one of the most outstanding agents in Portland. Working with Jason you will find that he is an excelle....