Now, I am not in the market to buy a house.. Ours is finally almost paid off, and I have no desire to get into debt anytime soon. But, if I were looking to buy a home, a nevada short sale would be the way to go. Short sales are a great choice for buying a home, and if I were looking to buy, I would choose a home that was part of a short sale. There are many reasons that short sales can be a great choice.
In a nutshell, a short sale is when the bank or lender agrees to accept the sale of a home for much less than what is owed on it. By buying a short sale property you can really get a great deal. In this kind of economy, short sales are more common because most people are not able to sell their homes for what is actually owed on them. If you take a short sale purchase, you can really save a lot over the amount owed on a home purchase.
The bank or the lender is the one that has to approve the short sale. They have to be willing to accept less than what is owed on a property. Some lenders will be reluctant to accept short sales, if they feel like they can get more money from the property. Other times, lenders will be okay with accepting short sales. This is especially true if a short sale will prevent a property from going into foreclosure. Foreclosure can mean really big losses for a lender and short sales can help to avoid that, which is nice.
The only real negative when it comes to short sales is that they are usually a very lengthy process, and they can be very annoying to deal with sometimes. However, I think that the money saved through a short sale is well worth a little bit of red tape and aggravation. You do have to be very patient when you are purchasing a short sale property.
This has been a sponsored post, however, all thoughts and opinions are our own.
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