|
Are you looking to buy your first home and it happens to be a short sale? CARE works with the banks to get the best price so that you can purchase at a fair market value.
What is the advantage of purchasing a home on a short sale?
- Buy for below market value
What should you be aware of when buying a short sale home?
- Submit highest and best offer....if the banks have not given a pre-approval, then they will either approve or counter your offer.
How to make an offer on a short sale
- Write up a sales agreement & submit your offer along with a pre-approval letter to CARE. We will then submit your offer to the banks and this will start the short sale process.
Cash buyers - some lenders can give a response quicker, but most of the time the process takes the same amount of time since the bank has to do evaluations.
Approval Process
- This all depends on the lender, some take 2 weeks where others take 3+ months!
|
