Want to buy real estate below market value?
Statistics show that most buyer's who succeed in purchasing a short sale pay fair market value or higher for the property. Why? Since you are paying for a house that is sold As-Is, you should NOT be paying retail prices.
The reason why the average buyer pays retail for the home is banks employ better negotiators than you do. The average real estate agent has little or no experience in negotiating a discount to fair market value. This is especially distrurbing because most of the time banks will accept less than market value. They fail to get the deals becuase they are mediators and not negotiators.
Another disturbing fact is most short sales are unsuccessful. This tells me that buyer's are discouraged or agents are not prescreening the sellers situation. Not every short sale is the same. There are clearly some seller's who are in worse shape than others. Your agent should be able to ask some questions about the type of loans, the lender(s) involved, and the amount(s) to determine the odds of success. That is to say, you should know what to expect in terms of a timeframe and odds for success so you can weigh that against your desire to own the subject property.
We specialize in assisting your agent in assessing the situation and taking control of the transaction in order to ensure success. We will commit to saving you money on your purchase or our service is free. We are hired contingent upon a successful close.