Three Tips for Successfully Buying a Short Sale Property in Gainesville, Florida

Three Tips for Successfully Buying a Short Sale Property in Gainesville, Florida

 

A short sale happens when a homeowner ends up owing more on the home than it is currently worth in today’s marketplace, and the lender is willing to take less than what the homeowner owes.

 

There are currently 197 single-family homes listed as short sales in Alachua County, ranging in price from $40,000 for a 3 bedroom, 2.5 bath, 1100 square foot home in Southeast Gainesville to $595,000 for a 3 bedroom, 3 bathroom, 2116 square foot home in Melrose.

 

 

The rules about buying short sales always seem to be changing….however, there are 3 rules that remain constant:

 

1) Find a Realtor who has the education and experience to handle short sales

2) Get pre-approved

3) Submit your highest and best offer the first time around

 

Full details on how you can increase your odds of successfully purchasing a short sale in Gainesville Florida can be found here.

 

 

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