Posts Categorized: Real Estate Education

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Can You Handle A Short Buy?

Buying a short sale can allow you to get a pretty good deal on a property that is selling under somewhat distressed conditions. The seller wants out of the property, often to avoid foreclosure, and the property is selling at a price that will net the lender less than what is owed them. However, before… Read more

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Taking The Short Route – The Process

Suppose you read my earlier post on why you should consider a short sale. What needs to happen in order to pull it off? Here is a short overview of the process. Get The Right People Involved It definitely helps to have a realtor involved in this process because there is a lot of back… Read more

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Taking The Short Route

Short sales have become huge. Lawrence Yun, the eternally optimistic NAR economist, now estimates that short sales and foreclosures comprised 35 – 40% of all nationwide real estate transactions in October. They’re certainly becoming more common throughout the Chicago area – even in the more upscale neighborhoods. That’s one way to deflate a real estate… Read more