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$419,000
Single Family Home 5 Bedrooms 4 Full Bathrooms 1 Unit Interior: 4,151 sqft Lot: 4,578 sqft Year Built: 2004 MLS #: 34395
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904 Lakeshore Drive
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Presented by Jeff & Grace Safrin |
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$419,000
Single Family Home 5 Bedrooms 4 Full Bathrooms 1 Unit Interior: 4,151 sqft Lot: 4,578 sqft Year Built: 2004 MLS #: 34395
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Neighborhood InfoLately, 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...
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.
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
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 orREO (foreclosed property), that way they have an idea of what they are getting into.
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. 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! give me a call 219-405-1232 Jeff Safrin Real Estate Broker, SFR Short Sale and Foreclosure Resource Certification from NAR |
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Jeff & Grace Safrin
F.C.Tucker 1st Team Real Estate (219) 309-9930 Email: [email protected] www.safrin.net |
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Listed by: F.C.Tucker 1st Team Real Estate serving NW Indiana!
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904 Lakeshore Drive |
$419,000 |
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Single Family Home 5 Bedrooms 4 Full Bathrooms 1 Unit Interior: 4,151 sqft Lot: 4,578 sqft Year Built: 2004 MLS #: 34395
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Lake Michigan Views from Every Level
Location, Location! -> Original foundation 1919 total remodel in 2004 - price below recent bank appraisal. Short Sale = Opportunity Knocks
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For more information contact: |
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Equal Housing Opportunity |