Real Central NJ

 

 

As an agent experienced in “short sales” in New Jersey, I find that there are a lot of misconceptions about what a short sale is and the short sale process. In this video I discuss:

• How does a potential short sale affect you as a buyer?
• What does a seller need to know if they owe more on their home than they can sell it for?
• What are the pitfalls of short sales for buyer and sellers?
• Do all sellers qualify for a short sale?
• Do all real estate agents know how to successfully navigate a short sale?
• How quickly can you close on a short sale?

A short sale is a transaction in which a seller’s lender accepts less than the balance due on a mortgage, enabling a seller to sell a property that they can no longer afford to keep and cannot pay off the balance of their mortgage due to a decline in value.

And here’s a funny video about 2 agents discussing short sales, just for fun!

[youtube]http://www.youtube.com/watch?v=Pai0U7lfz40[/youtube]

 

Related Posts

You may be interested in the following related posts:

• April 2013 Real Estate Buyers Market Update — Central New Jersey
• Buying a Higher-Priced Home is About to get Harder for Some
• Buying a home in New Jersey for no money down — and you thought it was impossible!

Tags: buying a home, selling a home in NJ, selling your home, short sale, short sale realtor in hamilton nj, short sale realtor in nj, what is a short sale, what you need to know about short sales in nj

Posted In Short sales

This entry was posted on Tuesday, December 27th, 2011 at 12:46 am and is filed under Short sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.