Short Sales aren’t for everyone. They can be frustrating because of the time it takes for bank approval. On the other hand, they may be worth the wait. Since they comprise about 20% of the Tallahassee market, you may be overlooking a great deal on a house that you would happily call home for many years.
Here are the top reasons to CONSIDER a short sale in Tallahassee:
One of our short sale specialists will be glad to give you advice on specific short sale properties and answer any questions you may have.
Making a strong offer puts you in a good position to get the house you want with the price or terms that are most favorable to your situation. An offer can be simply divided into price and terms Terms include closing date, condition of the property, asking seller to pay some/all of the buyer closing costs, etc. Pick one or the other to maximize. Trying to make poth price and terms advantageous to yourself will likely offend the seller and make them less likely to negotiate*.
A strong offer has the following characteristics:
Common sense and an attitude of compromise should rule the day regardless of whether it’s a buyer’s or seller’s market and ideally, there will be an incentive for both sides in every offer and counter offer.
One of experienced buyer agents will be glad to give you advice on this and any other aspect of the buying process.
* Expert negotiators such as Herb Cohen advise against negotiating for yourself because it’s extremely difficult to remain objective, even if you have excellent negotiating skills and experience.
100% Financing Options for Qualified Buyers
USDA Rural Devleopment. United States Dept of Agriculture provides loans to qualified buyers in what they consider to be rural areas. The loans have competitive rates and do NOT require any down payment nor mortgage insurance.
VA loans. The Veterans Administration provides loans to qualified veterans of military
service. These loans have competitive rates and do NOT require a down payment nor mortgage insurance.
Downpayment Assistance. The Tallahassee Lender’s Consortium and Florida Housing provide funds to qualified first-time homebuyers to help with down payment and closing costs. Buyers must take an 8-hour class that
gives useful information on home ownership and the buying process.
Call us for more information on any of these kinds of loans and names of lenders who work with each loan type.
We know lenders who currently have access to USDA funding.