Short Sale Deals in Parkwood Ranch Mesa - Parkwood Ranch Short Sale Deals
By Craig Chapman, The Value Guy
(Call Realty / Access Appraisals)
Short Sale Deals in Parkwood Ranch Mesa abound. It seems that practically everywhere you turn, there are Homes for sale that are Short Sales. What is a Short Sale? If a homeowner owes more than their house is worth & has to sell, they have to negotiate with their bank to allow them to sell it for the lower figure, (current market price, usually less a little). The difference between what they can sell it for & the original loan, is the short fall, thus the term "Short Sale". The buyer advantage is that they can buy a house for a little less than the market value, hopefully in better condition than a bank owned home, & in a location that fits their needs. There is a wait time for the bank to negotiate, but there is a wait time for a new construction home too, & you don't get as good...
Comments
0