FAQ- Buyers
What is the benefit of buying a Short Sale property?
The Buyer is able to purchase a home below the current market value and the Mortgage Servicer will benefits by avoiding the costs that are associated with a foreclosure transaction.
Do I have to accept the property in “as is” condition?
Most homes sold as a Short Sale are in “AS IS” condition
Who pays the closing cost?
Purchasing a Short Sale is like purchasing any other home. Everything is negotiable.
Who pays the Realtors’ commissions?
Realtor commissions are typically paid out of the proceeds.
I know a Realtor; can they help me buy a Short Sale Property?
Yes, any Realtor can help you, but it is better to have someone that is experienced in working with Short Sales. WSSN has many qualified realtors in their network that are trained on how to get your Short Sale offer processed quickly.
Does it take longer to work with a Seller doing a Short Sale?
Typically, yes. But one of the major benefits of using WSSN is the ability to significantly reduce transaction time from 180-240 days to 60-90 days to receive a decision on a Short Sale offer.
Do lenders approve all Short Sales?
No, It is critical to work with someone that has extensive experience, like WSSN, at getting Short Sales approved quickly.
I want to purchase an investment property; can I purchase a Short Sale? Purchasing a Short Sale property is like purchasing any other home.
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