Greenwood IN Short Sales
Are you thinking of Buying a Greenwood IN Short Sale?
If you are thinking of buying a Greenwood IN Short Sale, you will need an experienced Short Sale Agent.
- Make sure your Greenwood Short Sales agent prices your offer around market value if you are truly interested in purchasing this property. If it is a "HOT" property, you run the risk of someone not lowballing and writing a much stronger offer than you. Start out a little lower, but whatever you offer, always offer what you are comfortable walking away without an accepted offer in hand, knowing that you gave it your BEST effort.
- Know that most banks in a Greenwood Short Sale situation are not yet handling these offers where they would counter, most are simply rejecting the offer. There are a couple out there that have gotten savvy and up to date enough that their Short Sale department will actually volunteer where the offer needs to be for them to accept the offer.
- Banks work off of Bottom Line, what their net will be. There are fees that some of the banks will not pay, and some will pay. Some of these fees are home warranties, extreme amount of buyer closing costs, surveys, etc. Some banks will pay past due HOA fees, SOME WILL NOT.
- Make sure your agent asks if the seller has FHA financing, as there are certain criteria to follow on FHA Short Sales, specifically on how the agent will write your offer/what is allowable and what isn't.
