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Buying a short sale is just like buying a regular equity sale. The only difference is- you are buying a home at a lower price than what the seller owes. The seller negotiates a sale price with their lender- usually from 10-40% below what they owe. This is the price the property is for “short sale”. Keep in mind this is a starting price. Potential buyers might be able to negotiate a lower price. Additionally, the acceptance or refusal of an offer is at the sole discretion of the bank- not the seller. It takes a little longer to complete a short sale, but isn't saving 10, 20, or $30,000.00 worth a little extra time to complete it!

This is usually- an instant equity purchase for the ShortSteals buyer! Most buyers get more house for the dollar. If you are thinking of buying a home- you can save tens of thousands of dollars off market value! This is unique to the “short sale” market, unlike foreclosures- a short sale property is not encumbered by the additional capital, banks must pay to foreclose on the property- thereby giving the short sale a lower price! So take a look at the great “steals” you will find at- ShortSteals.com!