Short sale is something that a lot of people are doing whenever their property is about to be foreclosed, and you need to know a lot of things about it if you want to be successful with it. There are a lot of people who are having problems whenever they get into short sales simply because they are not aware of the things that they can expect from it For more information on Newport Beach real estate please visit my site at http://www.GabeColeRealEstate.com/

1. Brought to you by :
www.GabeColeRealEstate.com

2. Newport Beach CA Real Estate -
The Truth About Short Sales

Short sale is something that a lot of people are
doing whenever their property is about to be
foreclosed, and you need to know a lot of things
about it if you want to be successful with it.
There are a lot of people who are having problems
whenever they get into short sales simply because
they are not aware of the things that they can
expect from it
www.GabeColeRealEstate.com

3. Newport Beach CA Real Estate -
The Truth About Short Sales

It would be better if you are going to get the help of
a real estate agent or a realtor, because this will
increase your chances of being successful with it.
Buyers' Dilemma
All of us would want to purchase something that is
below the real price of a property.
www.GabeColeRealEstate.com

4. Newport Beach CA Real Estate -
The Truth About Short Sales

However, there are some buyers who are in a
hurry, and short sales will take about 6 months to
complete.
If a buyer is in a hurry to have the property
transferred to their name, then they won't have any
other choice but to go for a more expensive
property.
www.GabeColeRealEstate.com

5. Newport Beach CA Real Estate -
The Truth About Short Sales

This is the reason why there are only a few people
who are showing interest with short sale
properties.
Real Estate Agents' Interests
A real estate agent gets a commission for every
successful sale. They are getting anywhere from 6%
up to 10% of the total price.
www.GabeColeRealEstate.com

6. Newport Beach CA Real Estate -
The Truth About Short Sales

However, if you are going to do a short sale, the
real estate agent will be receiving less commission
for it. Since they are going to do the same task, or
probably even more, since it is a short sale, they
feel that they should receive the same amount for
the sale.
There are agents who would prefer not to show the
list of short sales at all, and would simply focus on
promoting ordinary properties.
www.GabeColeRealEstate.com

7. Newport Beach CA Real Estate -
The Truth About Short Sales

Sellers' Fees
If you are going to enter a short sale, you will be
asked to settle a fee in order to cover the deficiency
of the lender.
Some of them would ask thousands of dollars that
is payable for the next few years.
www.GabeColeRealEstate.com

8. Newport Beach CA Real Estate -
The Truth About Short Sales

Since sellers who are entering short sales are
already in huge financial difficulty, why would you
even dare to pay more fees?
This is the reason why there are sellers who prefer
not to continue with the sale, and simply allow
their property to be foreclosed.
www.GabeColeRealEstate.com

9. Newport Beach CA Real Estate -
The Truth About Short Sales

Lenders' Appraisal
A lender should approve the short sale before you
can even continue with it.
www.GabeColeRealEstate.com

10. Newport Beach CA Real Estate -
The Truth About Short Sales

The problem with some lenders is that they are
trying to verify it by sending an appraiser to the
property and estimate its value.
If the lender found out that the property is being
sold for a price that is lower than the value of the
property, some of them would not approve the
sale, and will simply wait for it to be foreclosed.
www.GabeColeRealEstate.com

11. Newport Beach CA Real Estate -
The Truth About Short Sales

Get all the information that you need to know
about Newport Beach CA real estate by checking
our website now.
We will not only provide you with all the
properties that are perfect for your needs and your
budget, but also help you get all the information
that you need to know about the real estate
Newport Beach CA.
www.GabeColeRealEstate.com

12. Brought to you by :
www.GabeColeRealEstate.com