My Gainesville Home Need Repairs, Can I still Short Sale?

My Gainesville Home Need Repairs, Can I still Short Sale?

Gainesville FL- The answer is YES. Repairs do not hinder you from short selling your Gainesville home. It may be an issue to some realtors, but it should depend on how badly it needs repairs.

The fact is, it will not be a big deal to your lender since they will have to sell the home. If your short sale transaction becomes positive, then it will sale as a short sale. If not, then as a foreclosed home. Either way, it will sell.

Repairs involve some cash too, so be considerate that it should be congruent to its fair market price. There are buyers who are willing to make the repairs themselves.

Others would love to occupy the soonest possible and may decline the hassles of making repairs. Thus, this is less attractive to potential buyers compared to a home in good shape. This will be reflected accordingly in the price of the home.

Realtors have to be fair also, as soon as they know the buyer is going to manage the repairs, they will then make arrangements with the lender and all other parties involved for a lower price.

The bottom line is, your lender will not turn down your short sale offer just because your Gainesville home needs some repair. In the end, what matters is your bank gets a fair market value when the home finally sells.

Other Articles to Read:

Gainesville Short Sale Cost

Why it is Important to Understand the Short Sale Process

Options To Prevent Gainesville Foreclosure when Unemployed

Fraudulent Short Sales and Passing the Hardship Test

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.


Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals. Gainesville Short Sale Agents

  

Stephanie Anson
 

When choosing a Gainesville, FL short sale agent, Stephanie Anson understands how avoiding foreclosure impacts you and your family’s life as well as those around you. Stephanie Anson is a respected member of the local business community and knows what it takes to prevail. She is one of the most dedicated and committed Gainesville, FL short sale agents. Her experience and emphasis on customer service and satisfaction along with her technological background has been a driving force throughout her real estate career. From the time Stephanie served in the US Navy to now, she takes the time to get to know each of her clients, associates, and industry professionals and forms lifelong relationships with them.

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