Why are Short Sales so popular in Westchester?

Short sales enable many buyers and investors to pick up properties at great prices. As mentioned in our prior post, they require a bit of patience, but if you are persistent and looking to buy a place that may need some work or fixing up, this could be a great route for you.

Here in Westchester we do not have a incredibly high inventory of short sales, but they are out there, and they are moving pretty quickly. If you are interested in a Westchester or Fairfield county short sale, contact us today for your free report! Or call us with your specific questions: 888-RRT-KWRE

Westchester Short Sales

Buying a Short sale property in Westchester, NY allows a buyer or investor to buy a home at a great price. There are many variables and reasons why one is selling in a short sale. A short sale is when a home owner sells a home for less than what is owed on the mortgage.

Someone who got in over their head, is facing financial trouble or possible foreclosure may opt to sell as a short sale. This is a deal in which the lender who is holding the mortgage forgives the remainder of the debt. When one is negotiating on a short sale, you should deal with an agent who has short sale experience. It is quite different than negotiating on a traditional home. There are banks to deal with as well as home owners and agents. It can often be more time consuming, however, if a buyer has both time and patience, it is a amazing opportunity to buy a home in Westchester in this market. 

If you are looking to buy or sell a home in any state or market, please contact us and we can let you know how we can help or refer you to a qualified short sale specialist in your area. 

If you would like to have a custom report of available Westchester and Fairfield, CT short sales emailed to you, please click here and we will email you the report promptly.