Joseph Whitley Real Estate

Short Sale

I’m not calling anyone old, but this is still a good saying that illustrates as markets change, we all have to adapt and change our way of thinking.  The current reality is that the market is full of foreclosures, short sales, and “distressed properties.” Buyers sometimes have a bad taste in their mouths when they hear the term distressed properties.  But the truth is that there are plenty of opportunities for investment out there.  Yes, short sales may take longer, and, yes, many foreign investors are swooping in on properties with all cash offers, but if you are willing to be persistent, a distressed property can be a very smart choice.  Just remember when working with a realtor, find out if they are familiar with the short sale process.  Many realtors in the market are either not yet experienced with the process or are refusing those types of transactions out of fear, misconception, or laziness. As I’ve always said, the right real estate agent makes all the difference in the world.