Local market conditions play a large role in short sale success.
In Texas, thousands of homeowners are using the short sale process to avoid foreclosure. There are a number of key benefits of choosing a short sale over a foreclosure. This article, from Third and Long Investments, LLC, should help distressed homeowners understand the steps to a successful Texas Short Sale.
Many homeowners struggle with the time-consuming and difficult short sale process. First thing any struggling homeowner should understand is you are not alone.There are over 10,000,000 homeowners nationwide who are facing similar problems with their housing situations.
In order to begin the short sale process with a lender, you generally need a buyer in place to make the offer and start the process with the bank. Finding a qualified buyer in the 2010 Texas real estate market is often the most difficult step of short sale success.
In many real estate markets it takes months to find a qualified buyer. If a homeowner can work with an Short Sale Buyer such as Third and Long Investments, LLC, it could lead to a faster resolution and reduce credit damage. They can show you How To Short Sale in Texas
For most homeowners there are generally two main issues when trying to find a buyer for your short sale. The two issues are:
1. No buyers - With the large number of foreclosures on the market, buyers have many options.The problems today usually center around too many properties and not enough buyers.
2. Long delays- Completing a short sale is a time consuming event.A short sals is not a typical retail sale because the lender is involved and they must approve the sale before it can close.Therefore, the current short sale process with lenders takes many months to complete. Long lender delays with approval often prevent home buyers from making offers on short sales.
How can you find a buyer fast for your short sale? You may be able to turn to a cash investor.
In many instances it can be an enormous benefit to the homeowner to work with an investor who can make an immediate cash offer. A cash offer will garner instant attention of your lender. Additionally, many investors understand the difficult short sale process and realize the time involved to close the sale.
When an investor is available to make an immediate offer it can save months and months of listing the property. Often times it’s the many months of listing and missed payments that lead to the most credit damage for the homeowner.
To learn more about getting an immediate offer on your property please visit the website for Third and Long Investments, LLC for Short Sale Help Texas
This website offers a free guide to homeowners that explains some of the issues when facing foreclosure. Please visit the "Free Report" link on the website for a free in-depth guide on short sales.
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