short sale
When buying or selling real estate, people will use real estate terms that you may not be familiar with. The real estate process can be a bit confusing, so here are some real estate terms that hopefully will be of some use to you. (Keep in mind these terms pertain to Florida real estate. Each…
Many people use the term OFFER and CONTRACT loosely in real estate, REALTORS® included. When you write an offer on a property, that is where you are putting in writing, your intent to buy the property. As soon as the seller agrees, and all parties have signed, you have a fully executed contract. Yes, that…
There are all sorts of investors out there. Many think they are investors, but really have no idea what they are doing. Others make consistently low offers on multiple properties a day until one of them sticks. It is a numbers game for them. I usually have to deal with investor buyers on my short…
When I start going over a buyer’s criteria, inquiring about bedrooms, bathrooms, location, and so on, many add, “Make sure to include short sales.” Values have been rising and owners’ equity is increasing with it. That means, there are less short sales out there than there were five years ago. Yet many buyers are under this…
I work with a lot of short sales, both on the buying and the listing (seller) side. A seller has to “qualify” for a short sale, much like a buyer has to qualify for a mortgage loan. So the seller picks the title company and pays for the owner’s title policy. The title company handles the…
Owning a home is a keystone of wealth… both financial affluence and emotional security.