Ready to make a deal on a short sale?

	A short sale is when the seller's lender consents to collect a reduced payoff to release a mortgage.

Can I get a bargain on a short sale?

• Always do your homework before making any offers. Using a knowledgeable REALTOR^® from The Hauber Realty Group to support your research of a property can help you make knowledgeable decisions. We can help discover to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Locating this info can help you determine how much to offer.

• Use a real estate professional with short sale expertise. The real estate agents at The Hauber Realty Group can help expedite the transaction and make certain you're protected. Don't let inexperience delay the closing process. Let our experience and knowledge work in your favor.

• Even with an experienced real estate agent and under the best of situations, buying a short sale property will usually take longer than a typical real estate transaction. Be informed that a majority of short sales will not close in the customary 30 days or less. Remember that you're not only having to get approval from the seller, but the lender must also agree to the sale terms. Commonly, your offer will be presented to a committee for approval which will add time - sometimes even 2 to 3 months.
• Home protection warranties, buyer credits and allowances, and closing cost concessions are normally not negotiable when buying a short sale. The lender will sell the property as seen which means the lender will not be paying for repairs. Be sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At The Hauber Realty Group, when we write an offer, we are looking out for your interests first and will always recommend that you make your offer contingent upon the inspection results.