Santa Maria Short Sale Alert: What is an Approved Short Sale?

Santa Maria Short Sale Information Alert

       

What is an approved short sale?

An “approved” short sale is a short sale where the short sale lender has already communicated to the seller what they will accept as an offer for the property.  The approval can be verbal or written, and of course, written approval is preferable.  As a seller, if your short sale is “approved” you know what your target price is from a buyer.  The HAFA program has its advantages for Santa Maria short sale sellers because it can provide you with the bottom line that the bank will accept before even listing your Santa Maria home.  As a buyer, approved short sales offer an advantage because they can often close quickly as opposed to other short sales which must still go through the process of approval with the bank.

Questions about short sales?  Contact Mint Properties today at (805) 878-9879 or visit my website: www.SantaMariaShortSales.com

Santa Maria Real Estate Blog

In July 2006, Mint Properties opened an office in the Mission Creek Plaza on Santa Maria Way. Tni’s stated aim is to offer the highest quality representation and professional service to her clients. Independence affords her the ability to avoid a volume driven approach; the result is prompt, reliable, individualized service coupled with straightforward advice. Indeed, she brings the same level of professionalism to real estate as she did to the law.

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Can I offer less than the asking price on an approved short sale?

The answer to this is, yes, definitely. An approved short sale is a short sale where the bank has already indicated acceptable price and terms. As the HAFA program comes into greater usage, we will supposedly see more approved short sales on the market. The HAFA program provides a way for sellers to get an approved price on their short sale before listing it on the market.

How to Sell A Home with Tenants: 3 Tips

Make sure you know when the lease will end, and when the tenants will begin a month to month tenancy. These are important facts to relay when selling a home with tenants. Investor buyers willl want to know, and other buyer will want to know when the tenants can vacate the property. Also, make sure you know how much notice the tenants are entitled to for showings - a well written lease will include a provision about notice.

#1 Agent in Number of Residential Sales Transactions (2016)
in Santa Maria (per CCRMLS)

$125 Million in Career Sales

REALTOR® of the Year (2014)
(voted by Santa Maria Association of REALTORS®)



Tni LeBlanc, REALTOR®, J.D.
Mint Properties
(805) 878-9879 (mobile/text)
Contact Us Online

Lic #01871795





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