SHORT SALE PITFALLS FOR BUYERS

If you are interested in purchasing a Wellington FL short sale there are several pitfalls that can come up along the way.  However pitfalls can also come up if you are purchasing a bank owned home or traditional sale (home with equity), the risk varies.

Here are the top 5 Wellington FL short sale pitfalls that I have experienced over the last several years:

  • Wellington FL Short Sale PitfallsTIME: Wellington FL short sales can take a long time to be approved, but they can also be denied, there is NO guarantee when it comes to short sales.
  • DEFERRED MAINTENANCE: Some Wellington FL short sale sellers abandon their home when they can no longer afford it and some will no longer maintain it.
  • BEING SOLD “AS-IS”: Most Wellington FL short sales will be sold as-is, which means the seller is going to make zero repairs regardless of the inspection report.
  • TITLE ISSUES: Title issues can create problems along the way and can possibly delay closing.
  • MISSING ITEMS: Sometimes on the day of closing you may notice some items are no longer there.  Example; appliances, light fixtures, window treatments and hardware.

If you are considering purchasing a Wellington FL short sale I highly recommend hiring a Wellington FL short sale agent who can guide you through the entire process from start to finish.

Originally posted at http://wellingtonfloridashortsale.com/wellington-fl-short-sale-pitfalls-for-buyers/

 

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I am a full-time REALTOR® specializing in Wellington Florida Real Estate since 2001. Whether you are buying, selling or renting I can assist you with all Real Estate needs.
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