Nampa is the secondest largest city in the state of Idaho, and as such, has experienced an exorbitant amount of 'distressed' properties. While you are visiting our powerful MLS of all short sales in Nampa, and come across a short sale property that catches your interest, take a moment to educate yourself.
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If you're interested in a short sale, it's wise to know the ins and outs of the process. Buying a 'distressed' property such as a foreclosure is a relatively straightforward process, but there's a bit more to the purchase of a short sale, and it's best to know exactly what you're getting into.
First, it's important to get your financing in order. Sit down with a lender and review your credit report for any inaccuracies, and go over your monthly budget. What can you comfortably afford? Next, it's important to get in touch with one of our experienced agents. That Nampa short sale property that caught your interest should be reviewed by your agent before you make any moves.
There are a number of things your agent can do for you if you're interested in a Nampa short sale property. They'll examine comparable sales. You may also ask how many offers have been made for the home. You might also ask your agent how many short sales they have completed in the past.
One of the biggest obstacles with a short sale is how long it takes. It varies between lenders, but you can wait anywhere from two weeks to six months. Between the time you submit the offer to the bank, the bank acknowledges your offer and sends off for an appraisal, reviews the file, and assigns a negotiator, your file can be approved or rejected between 30 and 120 days. It's best to go in knowing the process can be lengthy, but rest assured, with patience, you'll most likely get approved.
Nampa has considerably grown in the last ten years, and holds its own with employment opportunities, recreation, and education opportunities. With all the real estate available in Nampa, including the high number of distressed properties, it's a great time to take advantage of the great offers that are out there.
Start Packing Idaho.com is your Idaho real estate resource, and our team of buyer agents can assist you through the Nampa short sale procedure, whether it takes 30 days, or 120.
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 April 30th, 2017 at 7:22pm MDT.