A short sale Realtor brings to the table a wealth of knowledge about this rather unique, but increasingly popular, way of selling or buying a home. A short sale is a property that is sold at a price lower than the outstanding loan balance, often at less than the true market value. As the foreclosure rate remains high, more banks are agreeing to sell properties for less than loan value to recoup some of their investment and assist homeowners in avoiding foreclosure. The process calls for a professional who knows the ins and outs of working not only with buyers and sellers, but also the banks and mortgage companies that hold the loans.
If you have any questions about Coral Gables short sales, or any other short sale property listed on our site, please feel free to contact us or call us at 561.245.8722.