Marsing, Idaho Short Sales

There are a number of distressed properties out there that provide the home buyer with substantial savings. Hughes Group and our team of buyer agents can assist you with Marsing short sales and foreclosures.

Marsing Short Sales

The typical short sale isn’t for the faint of heart. It can be a complex process that requires several different steps that sometimes have to be repeated. Though short sales have become quite prevalent in today’s market, and it’s in your best interest to be educated about the process.

For the homeowner who owes more on their house than what it is worth, it’s called a short sale. Sometimes negotiating a short sale with the lender is the solution to the problem. The seller will then sell the home at market value or below market value, and the lender takes the difference as a loss. To search homes for sale in Boise, see Boise Real Estate. 

Bank Owned Homes in Marsing, Idaho

For the home buyer and home seller, a short sale isn’t easy. Not all homeowners qualify for a short sale, and not all lenders will grant a short sale. Though when a short sale is approved, buyers rush in to get a good deal, and with preapproval and agent representation, it is possible to experience success.

Agent Representation:

Hughes Group has a team of experienced agents when it comes to distressed properties, and it is imperative before you begin the short sale process that you obtain agent representation. Banks and sellers will want to see an experienced professional, and it’s integral to help you navigate the complicated process. An agent will ensure that nothing is missed, everything gets done in a timely manner, and can help push the process forward.

Preapproval:

The lender will need to see that you have your own loan approved and available. Many times prospective buyers want to secure the house first and worry about financing later, but in any type of distressed real estate transaction, the lender will need to see that you’re prequalified.

Hughes Group - Professional Short Sale Assistance

Your agent will submit your purchase offer and documentation to the lender, and hopefully you’ll hear back within two to three months. However, this is not always the case, as short sales can be notorious for taking a long time to close.

It’s important to be aware that short sales are usually a lengthy process. Though with the right amount of patience and a good agent, there’s no reason why that great short sale deal can’t be yours.

Contact a Hughes Group representative today for information on Marsing Short Sales and Idaho Real Estate. Call (208)571-7145.