Posts Tagged ‘short sale’

 Recently we SOLD a home In Porter County, IN  that we listed subject to lenders approval of a short sale.

Short sales are not a game.

There were back up offers on the property.

The Buyers with the 1st offer submitted were savvy enough to do ALL of their due diligence according to the contract terms and conditions mutually agreed upon BEFORE the short sale was approved.

Short sales are bittersweet.

We have become much more select at which sellers we will work with to list an Indiana  short sale property and which buyers we will work with to show a Northwest Indiana short sale property.

Extensive interviewing goes into the decision process so we have the best chances of getting deals done! 

Uncooperative sellers or fickle buyers only make for experiences which will be passed along to friends and relatives who become “experts” in their own mind, because of “stories”  they have heard

Hasty and sweeping generalizations about short sales are, by definition, illogical.

We glady accept back-up offers on our Short sale listings -> Sale pending does not mean SOLD.

If you are considering buying a short sale, give us a call to discuss at lenght the risks of this non traditional type of Real estae transaction. Some Short sale Buyers are Missing the Boat so to speak. Or,  if you are behind on your mortgage payments give us a call to see if selling your home with your lenders approval of a short sale is an option to consider?

 SFR certified and have closed short sale listings in NW IndianaHAFA or not, EQUATOR system or not.

Here are some Northwest Indiana Short sale properties we have SOLD as well as some of our insights to working to get short sale deals done:

please click on the link to read the story behind each of these successes.

 http://activerain.com/blogsview/206925/sold-by-the-safrin-s-successful-short-sale-2262-vermillion-st-lake-station-in-46405-northwest-in-priced-to-sell-with-alittle-tlc-spacious-corner-home-big-fenced-yard

 http://activerain.com/blogsview/1420474/lake-county-indiana-short-sale-sold-in-26-days-from-for-sale-sign-up-to-signing-the-closing-documents

 http://activerain.com/blogsview/1296437/some-short-sales-in-northwest-indiana-real-estate-are-getting-done-quicker-easier

 http://activerain.com/blogsview/1722094/just-sold-la-pore-county-in-short-sale-closed-before-the-june-3oth-1st-time-home-buyer-tax-credit-deadline-whew-

  http://activerain.com/blogsview/239193/Short-Sale-Tips-that-Helped-Us

 http://activerain.com/blogsview/1504566/some-nw-indiana-short-sales-are-closing-sooner-than-traditional-real-estate-transactions-

 http://activerain.com/blogsview/861999/happy-new-year-for-indiana-homeowners-facing-short-sale-new-law-that-may-help

  http://activerain.com/blogsview/588362/13-weeks-to-Complete

 http://activerain.com/blogsview/475656/Valparaiso-IN-Opportunity-Knock

 http://activerain.com/blogsview/1593093/back-up-offer-closed-in-this-real-estate-market-anything-can-happen-we-encourage-our-sellers-to-keep-showing-their-property-

 http://activerain.com/blogsview/520985/indiana-realtors-take-note-2008-legislation-you-should-be-aware-of-

  http://activerain.com/blogsview/1349045/our-listings-of-reo-or-bank-owned-properties-for-sale-are-selling-quickly-in-nw-indiana-once-priced-right-and-ready-for-ma

Some Short Sale Buyers Are Missing The Boat…so to speak

Lately, we’ve come across some short sale buyers that have miss-conceptions about this specific type of real estate transaction that differs from a traditional property purchase and would like to share these…

• Short Sales are not Fire sales….the banks have a bottom line.

Sometimes buyers have miss-conceptions that they can bid very,very low and ask for even more ( i.e. seller concessions) on a listing that is already priced less than what is owed on the note. This is not so.

• Lenders wait around a long time for the best short sale offer to come in before they’ll decide which one to choose.

Not so nowadays. It has been our experience recently that the time frame for some of these transactions is decreasing and if one reasonable offer comes in, they accept it and proceed to close. 

…..one client insisted they had plenty of time to wait to write an offer ….just an hour later that very home was under contract with an excellent offer with hard to beat terms :0 

• As a Buyer of a short sale you can wait to do your inspections until after the lender has approved the short sale…

THERE IS RISK involved with writing offers subject to lenders approval of a short sale.

 Spending money up front on inspections or appraisals without even knowing if the short sale will be approved is part of the gamble.

Short sale properties are many times SOLD AS IS. The inspection is more of an FYI for the buyer, rather than a negotiating tool to get more $$ from the lender.

We recommend our buyers bring an inspector or contractor to the 2nd showing and do their due diligence up front… to check out the property thoroughly BEFORE WRITING an offer on a short sale or REO (foreclosed property), that way they have an idea of what they are getting into.

• The bank will be ready to close on the date the buyer puts in the contract.

IF YOU are a buyer with ANY type of time constraint for housing – maybe a short sale is NOT FOR YOU.

There could be delays in closing a short sale. That’s why when we list short sales we take back up offers, in case the 1st buyer walks, there is a back up ready to move forward.

• Short Sales are not a game. 

If you are a buyer looking to purchase a short sale or foreclosed property, using a REALTOR with a designation & experience in this specific type of Real Estate Transaction is vital to getting deals done!

Crown Point, Indiana 46307 Home For Sale – Subject To Short Sale Approval

We listed this spacious Cape Cod Style home for sale, perched on a 1/4 acre Corner lot in the Wirtz Crown Heights Neighborhood of the City of Crown Point - Northwest Indiana.

Conveniently Located close to to major roads for commute, shopping, schools, and businesses, this affordable updated home with a full basement (finished) In Ross Township is worth your careful consideration.

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Spacious Home, Corner Lot,Subject To Short Sale

Overview Maps Photos Features Description Neighborhood Market Stats

$161,000 Single Family Home For Sale Main Features 4 Bedrooms 2 Bathrooms 1 Unit Interior: 3360 sqft Lot: 0.24 acre(s) Location 2240 W. 94th Place Crown Point, IN 46307 To get updates on open home dates and other property events, please click the “Like” button below:

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Jeff & Grace Safrin F.C.Tucker 1st Team Real Estate (219) 309-9930 safrin@jorsm.com http://www.safrin.net Listed by: Jeff Safrin of F.C.Tucker 1st Team Real Estate

Our recent listings Spacious Home, Corner Lot,Subject To Short Sale Fixer Upper Sold As Is Look No More – This Bungalow will surprise you! Best Value in Gated Community Subject To Short Sale Approval Subscribe to our listing feed

See more Crown Point, IN real estate for sale

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Porter County, IN 20 Acres For Sale + Custom Home, Pole Barn & Pool- 46391

Westville, Indiana zipcode = 46391 is a small town in Northwest Indiana - recently we listed a Custom Built Home For Sale on a 20.54 Acre parcel of land in rural Porter County that has a Westville mailing address.

Plenty of room to bring the HORSES or farm animals here – as there is a 48 x 60 Pole Barn with 4 Stalls and a Tack Room and workroom, plus an area of fenced pasture also.

The home also has a Kennel off the 3 car garage & breezeway with fenced outdoor pen.

All offers on this property are subject to attorney review AND Lenders approval of a short sale.

Click below for Map, Description, Photos, and list of amenities and then give us a call to schedule a private showing of this property with advance notice please. 219-405-1232

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Come Home to The Country & Bring the Horses !

Overview Maps Photos Features Description Neighborhood

$449,000 Single Family Home For Sale Main Features 4 Bedrooms 2 Bathrooms 1 Partial Bathroom 1 Unit Interior: 5343 sqft Lot: 20.54 acre(s) Location 736 North 625 east Westville, IN 46391

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Jeff & Grace Safrin F.C.Tucker 1st Team Real Estate (219) 309-9930 safrin@jorsm.com http://www.safrin.net Listed by: Jeff Safrin of F.c.tucker 1st Team Real Estate

Our recent listings Come Home to The Country & Bring the Horses ! Custom Home + Retreat Like Setting Great In Town VALPO Location + Newer Home too! Honey Stop The Car ! Corner 4 Unit Close to Downtown Valpo! Subscribe to our listing feed

See more Westville, IN real estate for sale

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Just in time for Super Bowl Weekend we received this email from a past client today (a New Orleans Saints Fan)  in which we (Indianapolis Colts fans) successfully Listed & Sold their Northwest Indiana Home subject to their lenders approval of a short sale….

I guess we can agree to disagree on some things GO Colts!!!

HI Grace / Jeff,

Don’t have a scanner here, so just put my testimonial below.  Hope that works ok for you.  You may use my name if you wish.

Have a great weekend and

“GO Saints” !!!!!  

Lynn

I had my house listed with a large well known real estate agent for 6 months. The house didn’t sell and it sat empty costing me a fortune with each passing month, paying for mortgage, utilities, insurance etc. I came across Jeff and Grace Safrin’s name on a website. I talked with Jeff and decided on a short sale, based on the information I had obtained from my mortgage company. The house was listed on a Monday and by Saturday of the same week we were signing papers. A Couple of weeks later, we closed on the sale.

Jeff is extremely knowledgeable in real estate, selling, short sales and handling and dealing with all aspects of this business. He worked quickly and efficiently to get the sale closed, with liens, and several other road blocks. Jeff and his wife are very friendly and personable and a pleasure to work with. The Safrin’s know their business and I would recommend them to ANYONE looking to buy or sell a home.

Click here to read about Short Sales in Northwest Indiana we have facilitated successfully.

Then give us a call if you are in the market to Buy a Short Sale Listing.

or…

If you are behind on your mortgage payments and your lender will consider a short sale, give us a call @ 219-405-1232 to set up a time to meet and tour your property and talk to see if we can help you.

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