Costa Mesa Short Sales - The Beauty of the Approved Short Sale

 Once the lender agrees in writing to a price that they will take for the home, a short sale listing is deemed an “APPROVED short sale.” As a buyer, if you ever see a short sale come back on the market as “approved” then making an offer increases your chance of getting the home AT THE APPROVED PRICE. Again, if you try to get a deal, the chances are high that another buyer will come in who is willing to pay the approved price, leaving you out in the cold. In the rare case that no one is willing to pay the approved price, it may be possible to submit an offer for less than the approved price but keep in mind that it will take time for the lender to reconsider the new offer… Be prepared to wait. Short sales can be very confusing for buyers to understand but if you ask us we’ll do some digging and give you the inside scoop on what is really going on because each deal is different. 

One of Our Featured Costa Mesa Short Sales:

Click here to get more info on 1851 Samar (above) 

To view all of the current Costa Mesa short sales click here.

 For more info about short sales please email shortsales@torellirealty.com or call 714-540-7355 anytime. We have negotiated over 100 short sales in the last 25 years.