Short Sale Homes Vs. Foreclosure Homes
September 3, 2010 by man
Filed under Foreclosures Chandler AZ
Steve Horn with Short Sales Done Easy is coming to you live from a foreclosure home. You are about to observe the disparity between a foreclosure property and a short sale. This is an extreme case in downtown Phoenix, which is a very depressed region with a soaring crime rate.
When you are looking to buy a foreclosure as a purchaser, the bank is going to sell these properties in ‘as is’ condition only. Still, with a short sale, repairs can be completed at close of escrow. Observe that this house has glass all over the ground, missing cabinets in the kitchen, some murky boarded up rooms, and plenty of other awful conditions.
As a customer in this market, your plan might be to locate a foreclosure home that you can close on swiftly. Still, in this market you are not going to have a lot to choose from. Yet, with a short sale there will not be as much of a need because of the waiting time that can be three to six months. When we represent buyers, we want to get them the best deal. Nevertheless, the greatest deal can be like this home where you have to make several improvements to the property in order to make the house your own.
Generally speaking, short sale homes are going to be in much healthier condition because the home owner has not vacated the home. Fortunately, we conduct both the foreclosure homes and short sale houses. So, we can direct you as to what will be the greatest fit for you.
There are numerous investors arriving back into the market and this house will be a great investment. It will possibly be sold for about $25,000 and rent out for about $600 per month with four bedrooms and two bathrooms. Check out our site for additional details on short sales and foreclosures.
Get more help from short sale Realtor, Steve Horn, at Homes by the Horn presented by the Steve Horn Team, Short Sale Specialists of Arizona
