WHAT IS A SHORT SALE?

A short sale in real estate occurs when the outstanding obligations (loans) against a property are greater than what the property can be sold for.

The seller may get a 1099 for the difference, may have to repay the difference or in some cases the balance may be forgiven. A short sale will ding your credit by at least 50+ points, but a foreclosure will ding it even more at 150+ points.

Why do I share this definition with you today? Because the market is ripe with good deals if you are willing to make offers, willing to negotiate, have cash and or can qualify for a loan and can take time to close.

BUYERS AND SELLERS

A Realtor handling short sales and pre-foreclosures is an invaluable resource for an investor or even a first time home buyer! We know how to find short sale properties, we work with attorneys that do short sales and we list short sale properties!

A Realtor handling short sales and pre-foreclosures is an invaluable resource to a seller in a difficult situation...the bank pays the real estate commission!

(PS... for you FSBO's-FOR SALE BY OWNERS out there who fear that you don't have the money for closing costs or the real estate commission, the bank will pay the fees at time of your approved closing).

If you are a seller needing more information about how to deal with your pre-foreclosure we offer one on one private consultations free to you. We also can assist you making what we term "The Call". We know which department to speak to, what the bank requires from you the seller and can assist you in getting all the information you need so you know where you stand and you know your options!

In addition to working with homeowners seeking to buy and sell their own homes, we often work with these same clients in assisting them with purchasing investment real estate or assist them with getting into a rental property if they have had to sell their property.

Knowing the short sale and pre-foreclosure market and which properties produce the best investment opportunities are just a few of the valuable resources we can provide.


Please send me an e-mail or give me a call at 561-926-4643 if you are ready to explore the opportunities of investment real estate, a buyer looking to make their first purchase or are a seller in need of options in lieu of a foreclosure.

The Right Real Estate Agent

People don't talk about it a lot. But finding the right real estate agent can be the difference between a happy, stress-free home buying or selling experience, and an unhappy, stressful experience.

First, you'll want an agent ready and able to make a full-time commitment to you. I can and will do that.

Second, you'll want an agent with the experience needed to know the local neighborhoods, schools, market conditions, ordinances, etc. With my years of experience in the local market - I have the expertise and track record of success you need.

Third, you'll want an agent who embraces the convenience of technology without losing the personal touch. You'll love the resources available on my website and the e-mail alerts that I send, but these will never replace the time I spend with you, serving as your personal guide through this exciting process.

Let's get together and talk about your home buying and/or selling plans. Call me at the office (561-926-4643) or on my cell phone (561-925-4643) or send me an e-mail (homesolutionspb@aol.com), we'll set-up a time that is easy and convenient for you to meet.

P.S. If you're not ready to meet in person, please tour through my website. I'm sure you'll find the resources here useful and helpful. Enjoy!

MARKET SNAPSHOT

www.michellebee.com