“Short sale specialists”<\/strong><\/a> can easily be found on Google.<\/span><\/p>\n Interview at least three realtors and ask them to provide you with references from past clients.\u00a0<\/p>\n
2-Do A Title Search<\/strong> <\/span><\/p>\nIt would be wise to do a title search to find out how many liens are on the property. In a short sale, each lien holder must be dealt with and satisfied before you can close on a property. <\/span><\/p>\nYour realtor should be able to help you with this because if they close a lot of deals with the same title company then they should be willing to provide a quick title search either free of charge or at least at a discounted rate. Title searches usually cost between $200-$300. <\/span><\/p>\n\u00a0<\/p>\n
3-Be Patient<\/strong> <\/span><\/p>\nThere are many moving parts in a short sale but there are two main things that need to happen. The sellers must first agree to your offer, then the lender must also agree to the offer.<\/span><\/p>\n There’s a whole lot of paperwork going back-and-forth between the sellers and the lender which can sometimes take several months to process depending on who the lender is. If there are second and third lien holders, it can take even more time.\u00a0<\/p>\n
4-Have Your Financing Ready To Go <\/strong><\/span><\/p>\nIt’s always best to offer cash in these transactions. This will capture the lenders attention and your offer may get accepted even over a higher offer that depends on financing. However for most people, paying cash for a property is not an option. The next best thing is to be pre-approved by a lender to make sure you can close quickly.<\/span><\/p>\n\u00a0<\/p>\n
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\u00a0<\/span><\/p>\n\u00a0<\/p>\n\n\n\u00a0 Buying a short sale home can potentially land you a deal of a lifetime. It can be a long drawn out process but if you can mange to hang in there until the end, chances are that you’ll be glad you did. \u00a0 Our brokerage specializes in doing short sales for distressed homeowners and […]<\/p>\n","protected":false},"author":4,"featured_media":23169,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[7,6,17],"tags":[272,920,44,12,47,104,70,25,921,57],"class_list":["post-13010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-orlando-realtors","category-orlando-short-sales-2","tag-9797-portofino-dr-orlando-short-sale","tag-house-buying-tips","tag-jenny-zamora-re-broker","tag-orlando-realtors","tag-orlando-realty-consultants","tag-orlando-short-sale-experts","tag-orlando-short-sale-specialist","tag-orlando-short-sales","tag-short-sale-tips","tag-top-orlando-realtors"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t
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