Real Estate service for NE Georgia: Lumpkin, Dawson, Hall, Forsyth, Gwinnett & White counties.

Buying a Short Sale property can often result in a good deal for the Buyer while offering some much-needed debt relief to Sellers.

A short sale means the seller's lender is accepting a discounted payoff to release an existing mortgage. Just because a property is listed with short sale terms does not mean the lender will accept your offer, even if the seller accepts it. A Harvest Realty agent with experience in Short Sales will help to expedite your transaction and protect your interests. You don't want to miss any important detail due to inexperience or find out your transaction is not going to close on time because someone is not doing their job.

If the seller accepts your offer, it is then sent to the lender for approval. You do not have a deal until the lender accepts. Also, send the lender a copy of your earnest money deposit. Lenders typically require more earnest money than your average homeseller would be satisfied with. A preapproval letter is also necessary and should be sent along with the offer. Your Harvest Realty agent will attach a list of comps aong with the offer to support your offer.

The time it takes to receive a response from a short sale offer varies, but it usually takes a very long time. Sometimes it can take several months. One reason is that the lender may be trying to accumulate offers so they can pick the best deal. Your Harvest Realty agent will help you make an offer that will get you a good deal on a great home.

Call us for a list of Short Sales and foreclosures in the North Georgia area.

(706) 864-0102

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