What are some helpful hints when buying a short sale?
1. Get pre-qualified from your lender. (Know what you can afford) 2. Check public records or have your agent perform a search for you. 3. Hire an agent with short sale experience or that has their own short sale inventory 3. Prepare the seller for lender demands by hiring a short sale negotiator (No out of pocket cost) 4. Submit loan application, documentation and purchase offer to your lender once the seller has accepted your offer 5. Give the seller’s lender a deadline to speed up the process. (Make sure your offer includes contingencies so you are free to cancel) 6.
