Jeff’s Carlsbad Blog for First Time Home Buyers

Short Sale Contingencies

Posted in Offers,Short Sales,What do I Buy? by Jeff Dowler on August 14, 2007

Because of the market conditions, short sales have become commonplace in some parts of the country, including the San Diego area. And many buyers are interested in these properties because they perceive them to be potential “great deals.”

I’ve talked about that issue in the past, pointing out that this may not be true, since short sales attract lots of bidders, and the banks want their money so they generally will only approve an offer at market value.

But let’s assume you are going ahead with an offer on a SHORT SALE – so what are the short sale contingencies you want to include? (keep in mind I am speaking from the perspective of offers here in CA – things may be different in your area and you should consult with a knowledgeable agent…presumably you are working with one).

Read the full article on Short Sale Contingencies


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