The sale of real estate is far different in Metropolitan New York than it is anywhere else. For one thing, we use attorneys from the start. For another, the attorneys handle the contracts, not the brokers. Another difference is that they won’t draw up contracts until after the inspections are done, unlike other locales where … Read More…
Tag: buying a short sale
Buying a Short Sale: Market Value, Not a Steal
Categories: Short salesTags: buying a short sale, Westchester short salesAs short sales have become more common and are even showing up in new markets in Westchester, I find myself educating my colleagues on what can and cannot be done in order to have a successful closing. Lately, we’ve received offers that are unrealistically low; essentially, what the buyers do not understand is that the lender is … Read More…
Yonkers Short Sale: Do You Need an Attorney? YES
Categories: Success StoriesTags: buying a short sale, New York short sale Realtor, Westchester short sale Realtor, Yonkers short salesHere’s one from the other side of the closing table, where I represented buyers on a 5-month odyssey to purchase a short sale in Yonkers. It made me appreciate the waiting game that buyers must endure, and how valuable status updates are to home purchasers of a short sale in order to stay engaged and committed to … Read More…
Monroe, NY Short Sale: First Time Buyers
Categories: Short salesTags: buying a short sale, New York short sale Realtor, New York short sales, orange county short sale, Westchester short sale RealtorAn old wrestling teammate from high school referred me to his younger brother, who is also newly married and looking for his first home (Thank you Facebook!). Michael and Stephanie had been out looking for a while, and a prior agent had written an offer for them which didn’t work out. They didn’t have a … Read More…
Should Sellers Sign a Contract Prior to Short Sale Approval?
Categories: Short salesTags: avoiding foreclosure, buying a short sale, dutchess county short sales, Dutchess short sale Realtor, hudson valley short sale Realtor, New York short sale agent, New York short sale Realtor, New York short sale specialist, New York short sales, orange county short sale, Orange County short sale Realtor, pre foreclosure, Putnam short sale Realtor, Rockland short sale Realtor, short sale realtor, short sale specialist, Westchester short sale agent, westchester short sale real estate agent, westchester short sale specialist, Westchester short salesA recent posting from an Ohio broker highlights how real estate differs from place to place. In it, she says that she advises her clients to not sign a contract with a buyer if the house is a short sale prior to getting the bank’s approval. While I won’t quarrel with what works for someone … Read More…
Should You Buy a Short Sale?
Categories: Short salesTags: buying a short sale, Dutchess short sale Realtor, hudson valley short sale Realtor, New York short sale agent, New York short sale Realtor, New York short sale specialist, Putnam short sale Realtor, Rockland short sale Realtor, short sale realtor, short sale specialist, Westchester short sale agent, westchester short sale real estate agent, Westchester short sale Realtor, westchester short sale specialist, Westchester short salesBuying any foreclosure is tricky, and a short sale is probably the longest process. Is purchasing a short sale right for you? Perhaps you rent in Westchester, Rockland, Putnam or Dutchess and are considering a short sale purchase in one of those areas. Here are some things you ought to know: You can’t be in a … Read More…