As you are searching for Garden City Idaho properties, it's inevitable you'll come across a short sale property. A short sale property is a home where the lender accepts a discounted payoff to release an existing mortgage.
Significant Water Damage Throughout The House, Panels Have Fallen From Ceiling, Walls And Floors Are Bowing. Please Use Caution While Touring. Bank And Seller To Accept Cash Only Offer. Please Call Listing Office For More Info. Thanks!
A short sale process is done in the hopes the bank will accept a loss and partially salvage their credit in lieu of a foreclosure. There are a few things to understand before you attempt to buy a short sale.
A short sale price is usually set by the agent and seller, not the lender. These low prices are set to attract buyers, and even though the bank may be initially unaware of the price, it is the bank who ultimately accepts the offer. But because banks are usually unaware of the price throughout the process, it can lead to the process taking months to close.
Buyers of short sales must remain optimistic. A short sale might be "short", but that doesn't mean the process is a short one. It can sometimes be a very long process. It's important to partner up with one of Start Packing's experienced short sale agents to execute a successful short sale. A savvy agent will know the process and can help the process along smoothly. They won't overlook any details and will keep things on schedule.
Along with teaming up with one of our agents, you'll want your finances in complete order before you put in that offer. This includes looking over your credit report, looking for inaccuracies, and figuring out what you can comfortably afford each month. As part of the completed package, a pre-qualification from the bank is mandatory.
A Garden City short sale property demands the investment of patience and time, but with a strong, experienced agent and a pre-approval from the bank, a short sale can be a way to secure a competitive price for your next Garden City home purchase.
Start Packing has several resources to help you find your perfect Garden City home, whether it's a distressed property or a home just added to our MLS listings, there are numerous ways to look through available real estate with just the use of your fingertips. Start Packing has been involved with Idaho real estate a number of years and are your experienced leaders in the field.
Short sales may not be the most simple means to purchase a house, but it can be well worth the investment.
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.
Listing information last updated on August 18th, 2017 at 8:52pm MDT.