St Petersburg Florida Short Sales | Don’t make crazy offers on a short sale

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St Petersburg Florida Short Sales | Don’t make crazy offers on a short sale.

By “crazy” I mean contingencies. By now all Realtors here in Saint Petersburg should know how to make an offer on a short sale and they should share that information with their buyers before they even go out and look at property. Here is a list of NOT to do

Do not make the offer on a short sale that is

Contingent upon Sale of buyer’s house.

Contingent upon seller paying maintenance fee for a year in advance.

Contingent upon, wife viewing the short sale property in a month from now.

Contingent upon seller paying $6000 towards buyers closing costs.

Contingent upon seller putting a new roof on the house.

And on goes the list.

The only two contingencies I have ever seen a bank accept is  Financing and home inspection.

Buyers have to understand the nature of a short sale. In short, seller has no money to do repairs or pay for anything else, bank does not want to deal with anything other than closing the short sale.

My tip to buyers is, make your offer as simple, and clean as you can. Make an AS IS offer on a short sale and leave yourself a way out with the home inspection. A short sale is not your traditional sale process, it is very different.

Ask your Short Sale Realtor here in Saint Petersburg Pinellas County, educate yourself before you make an offer and eventually loose the property.

St Petersburg Florida Short Sales | Don’t make crazy offers on a short sale.

Please click below to find all the information you need when buying or selling a Short Sale property in Saint Petersburg Fl.

http://www.tampabaybeachandwaterfrontproperties.com/buyer-short-sale-information-st-petersburg.html

 

http://www.tampabaybeachandwaterfrontproperties.com/seller-short-sale-information-st-petersburg.html

 short sale expert

If you think about buying or selling a house or condo in Saint Petersburg Florida, give me a call. I know the market, I know the neighborhood. Ask me about waterfront homes or condos in St. Pete beach. Treasure Island, Madeira beach, Seminole and other Tampabay areas.    727 409 8706

 

 

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