Short Sale Myths Debunked

Trying to navigate your way through a short sale can be tough. Knowing how short sales work and how to make the sale happen is important in surviving the short sale process. Along the way there will be a lot of myths to dispel about short sales.  Here are just a few short sale myths:

Sellers think that a short sale is worse for their credit score than a foreclosure. When determining your FICO, the Fair Isaac Corporation treats a short sale and a foreclosure the same.

Buyers think a short sale is a deal. In fact, short sales tend to sell for more than foreclosed homes.

A short sale is difficult. If you use an experienced agent you should be able to survive a short sale. Most short sales are denied because of a misunderstanding of the process. If the short sale process is not followed correctly, there is a good chance of getting denied.

If I short sale my house I won’t be able to buy another home. This will depend on your credit, restrictions can vary from 2-3 years.  Some FHA programs allow for a purchase sooner than that, however the guidelines are fairly strict.

A house that is already in foreclosure cannot be sold as a short sale. Not true, a foreclosure notice or notice of default does not mean that you do not have time to perform a short sale. Banks will sometimes even postpone a foreclosure for the short sale option.

These are just a few of the common myths surrounding short sales. As always, use a professional real estate agent to help you navigate your way through a short sale.

Open house on 10/2/2016 at 48 Glen Street Natick, MA 01760


Date: 10/02/2016 Time: 1:00 PM to 3:00 PM  
For Directions: feel free to contact me.  
For more information: click here for the full details  

Incredible opportunity to own in a premiere South Natick location for under $600,000. Stately brick cape that’s move in ready with detached 2 car garage. Step out of the renovated kitchen with silestone countertops into the oversized fireplaced family room with original custom built ins or relax by the other fireplace in the bright & sunny formal living room. Sip your morning coffee in the cozy 3 season sunroom that overlooks your private fenced in back yard. So many rooms to choose from. 2 good sized bedrooms on the 1st floor and spacious master upstairs. Bonus room right next to master that can be an adorable nursery, office/den. Additional bath on 2nd floor as well. Oversized playroom or just additional space in the newly renovated basement. Don’t miss out on this terrific house that’s just waiting for a new family to call it home.

Single-Family – 48 Glen Street Natick, MA 01760 now has a new price of $584,000!

Incredible opportunity to own in a premiere South Natick location for under $600,000. Stately brick cape that’s move in ready with detached 2 car garage. Step out of the renovated kitchen with silestone countertops into the oversized fireplaced family room with original custom built ins or relax by the other fireplace in the bright & sunny formal living room. Sip your morning coffee in the cozy 3 season sunroom that overlooks your private fenced in back yard. So many rooms to choose from. 2 good sized bedrooms on the 1st floor and spacious master upstairs. Bonus room right next to master that can be an adorable nursery, office/den. Additional bath on 2nd floor as well. Oversized playroom or just additional space in the newly renovated basement. Don’t miss out on this terrific house that’s just waiting for a new family to call it home.

This is a Cape style home and features 7 total rooms, 2 full baths, 3 bedrooms, 0.25 Acres, and is currently available for $584,000.

For complete details click here.

Rental – 100 Pearl Chelsea, MA 02150 now has a new price of $1,550!

Rarely available penthouse loft at The Pearl Street Lofts. 650 sq. ft. of open loft space. High ceilings, 3 oversized windows, hard wood floors, central air, gas heat, washer/dryer in unit, off street assigned parking & Private Roof Deck with amazing city/water views. Artist Gallery in lobby. Professionally managed building. Shopping and Starbucks around the corner. Minutes to Boston & Logan. Come be part of the hip new Chelsea and all it has to offer. Residence pay .30 for Tobin Bridge.

This property features 2 total rooms, 1 full bath, and is currently available for $1,550.

For complete details click here.