Are you thinking of buying a new home?
Maybe you want to take advantage of the low real estate prices and interest rates to buy a rental property?
Short sales offer great deals for people willing to do some repairs or updates.
Short sales occur when the seller owes more on a mortgage than the home is currently worth, and the bank has to agree to accept a payoff that is "short" of what is owed.
Since homeowners who qualify for short sales are in danger of foreclosure, you can expect that repairs are needed and maintenance may have been neglected. You should also be prepared for the sale process to take much longer than a normal sale from a private homeonwer since the sale can only go through once the mortgage holder gives approval.
Featured Short Sale - 8901 Bridgeport Ave:
Today's FEATURED SHORT SALE is located in Brentwood. This home is perfect for a 1st time buyer or an investor.
This 3 bedroom/2 bathroom home in on a great street and has a 2 car garage, addition and partially finished basement.
Purchased in 2005 for $205,000, it is listed for sale now at only $156,000!
It was under contract until Dec. 10 when the buyer got tired of waiting for the seller's bank to give the short sale approval. The short sale has now been approved so a closing should be able to occur quickly.
Don't delay until after the holidays...this house could slip away quickly!
For a complete list of short sales in any part of St. Louis, contact Karen Goodman to get set up for a custom short sale home search.
Arch City Homes offers buyer and seller representation. If you are planning to buy or sell a St. Louis area home, contact Karen Goodman (firstname.lastname@example.org or 314-677-6538) to discuss how our agent specialists can help you accomplish your goals.