Stop the Foreclosure! We will buy your home now!

Click Here

5 Tips For Buying A Short Sale Property In Orange County

Buying a short sale property in Orange County is a great way to buy a house at an excellent price. However, there are some things you should know before making an offer. Learn more about short sales and what you can expect in our latest post. 

Short sales occur when the bank agrees to sell the house for less than what is owed in order to recoup some profits. Buying a short sale is a great way to save some money on the purchase of a Orange County house. Below, we offer some tips to make buying a short sale a quick and easy process.

Tip 1: Have The Right Team

When you buy a short-sale property, it is important to have the right people backing you up. You’ll want to connect with short sale experts such as H&M Realty Group, agents who specialize in short sales, lawyers who specialize in short sale properties, and title professionals who will work with you to get the search done quickly. Having the right people in your corner will help to ensure the process runs smoothly without any hangups or hassles. You’ll want to have knowledgeable, experienced, and trustworthy people on your team in order to ensure success with the purchase of your Orange County short sale property.

Tip 2: Have Your Finances In Place

Before making an offer on a short sale property, be sure to have your finances in order. You will either want to be pre-approved by the bank or have the cash to purchase the short-sale property directly. There are some other perks to using cash for a purchase. Sellers will appreciate your ability to close quickly without any hang-ups or red-tape from the lenders. Buying your property in cash will ensure a stress-free and uncomplicated closing.

Tip 3: Inspect The Property

While the bank isn’t likely to negotiate with you when it comes to repairs, ordering an inspection will let you know what you are getting onto in terms of the property. It’s important to do as much research on the property as possible in regards to past repairs, additions and other modifications to the house. You don’t want to be surprised if something major comes up after the purchase has been completed.

Tip 4: Do Your Homework

Before making an offer on a short-sale property, you’ll want to know how much the house is worth and how much is owed to the bank. The bank is taking a loss, but will not want to hold on to the property for longer than they have to either. Having this information about the property will help you to create a realistic and practical offer that is likely to get noticed by the banks.

Tip 5: Understand The Risk

Just like with a foreclosure, you will likely be purchasing the property as-is. You will inherit any liens or title problems that are attached to the property in its current state. The process can take a long time to finalize, leaving you in limbo and at risk of missing out on other opportunities. Before buying a short sale property in Orange County, make sure you understand just how long the process can take.

Buying a short sale in Orange County is an excellent way to buy a house at a huge discount. Short sales can come with some risk, but when you do your homework ahead of time and put yourself in a position where you know what to expect, buying a short sale can be an excellent way to buy a house in the [markey_city] area without having to spend a fortune!

Interested in buying a short sale property in Orange County? We are here to help! Get in touch with us today! 949-625-4533

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on buying investment properties with us. Like us, follow us, connect!

Access Local CALIFORNIA Investment Property Deals...

Handyman Properties - Fixer Uppers - High Equity. *These are not on the MLS - Many are below $300k. Available properties on the next page.
  • This field is for validation purposes and should be left unchanged.