Minnesota Short Sale Expert

We all realize by now that this is a great time to be a buyer  in this real estate market. But where do we find the best deals..?? Surprisingly it is NOT always in foreclosures as most may lead you to believe. In fact some homeowners that are selling what I refer to as a “regular” home are finally pricing them to sell and that means in the same range of what a similar foreclosure home might go for.

You do have options when searching for the “best” deal. These include of course the foreclosure properties but also the “regular” homes as well as short sale properties. Looking at each of these individually you need to ask yourself what sort of time frame you are dealing with and how soon you have to move into the new property. If you need to move in soon and really do not have time to wait then a “regular” home or foreclosure are the best ones to look at. However, if you are not in a huge hurry or can take your time then a short sale may offer a very good value.

If you decide to pursue short sale properties you should expect the process to take between 2-4 months before the approval comes in from the lender(s) and you close on the property. This may seem long but if you are willing to wait the deals can be very good. Compared to many foreclosure properties short sale homes often are in very good condition and may not need to have much if any money to be able to move right in. There are a lot of opportunities out there right now so it’s best to keep an open mind and look at each situation to see if it works for you. If it does make a move and put in an offer. 

Please feel free to contact me directly for assistance with any of your real estate needs or to simply ask questions. I can be reached anytime at 763-242-6303 or via email Rob@MnRealEstateTeam.com.