Atlanta Short Sale Listings
Supposed Short Sale Investors make all kinds of offers on our short sale listings. In this video and post we’ll cover what a REAL offer is and how to weed out the true investors interested in taking advantage of the low prices in the market and the pretenders who watched a late night webinar and bought a get rich quick scheme.
A true buyer or short sale investor will have a few things accompanying their offer.
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Real estate agents and home owners alike seem to not to know what to do with Multiple Offers On A Short Sale. In short (no pun intended here), the offer process works almost the same as a traditional transaction. A Binding Contract occurs when two parties sign and agree in writing to terms. In a short sale, this is no different. Two parties agree to upon the terms of the sale of the house and thus the contract becomes binding. The big difference in short sales is that there is a contingency in place that basically says, “Contingent on Seller’s Lender Approval.” The key here is understanding that the bank is an interested third party.
One big mistake most real estate agents make, [click for more short sale info...]
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