FORECLOSURES AND SHORT SALES What is a short sale? A short sale is a situation where a lender may agree to take less than is owed on a home in order to avoid it going in foresclose. This allows the seller to often sell below fair market value just to get out from under their loan and avoid the credit impact of a foreclosure. How do Foreclosures work? Typically once a property becomes a foreclosure a market analysis is done and the property is listed at fair market value. But banks are not interested in holding on to the property for a long time, they want to get the home sold and off the books as soon as possible. Typically the longer the foreclosure home is on the market the more they will be willing to come down on the price. It's not unusual to see a 10% price reduction every four to six weeks so you can see how you can purchase a foreclosure well below market value. How do I find Foreclosure and Short sale properties? As a local Realtor familiar with the market I can identify foreclosures and short sales for my clients and help them through the entire process from beginning to end. Not all realtors even know how to identify these properties but I stay on top of the foreclosure and short sale market so that I can help my client buyers get the absolute best deals. How do I get started? Just give me a call or send me an email. Of course my services are free to a buyer. Just let me know your preferred area, single family home, condo or townhomes, your price range, likes and dislike in a home, timeframe for purchase, etc. and we'll get started! I look forward to helping your with foreclosures in the Greater Savannah area and all of your real estate needs. thomas.tolbert@mac.com Mobile 912-306-6839 Coldwell Banker Platinum Partners - Savannah, Georgia Savannah, Georgia Foreclosures and Savannah Short Sales, Pooler, Ga Foreclosures and short sales, Rincon Ga Foreclosures and short sales, Richmond Hill Ga foreclosures and short sales, Tybee Island foreclosures and short sales. Garden City and Port Wentworth foreclosures and short sales. Greater Savannah Ga foreclosures and short sales. Savannah Georgia homes, Savannah Georgia Copndos,Savannah Georgia townhomes, Savannah Georgia town homes foreclosure homes in savannah, pooler,tybee island and richmond hill foreclosures in condos townhomes and resale homes |