Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
~$5,000+ potential annual savings on vetted partner products
10+ deal analysis calculators with ready-to-share reports
Lawyer-reviewed leases for every state ($99/package value)
Pro badge for priority visibility in the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago on . Most recent reply

User Stats

467
Posts
107
Votes
Charmaine M.
  • Queens NY, NY
107
Votes |
467
Posts

1st Short Sale Purchase..

Charmaine M.
  • Queens NY, NY
Posted

So, I just heard back from a listing agent that my offer has been accepted by the seller for a Short Sale. 

This will be my first purchase and wanted to ask if there is anything  I should be aware of?

I know it a long tedious process and for the price i am will to go through the process. The agent has not presented the offer to the back as of yet, we are meeting later on to discuss in more details.

Any advice or suggestion is always appreciated.

Thanks

Most Popular Reply

User Stats

37
Posts
22
Votes
Shawn Pennington
  • Flipper/Rehabber
  • Nashville, TN
22
Votes |
37
Posts
Shawn Pennington
  • Flipper/Rehabber
  • Nashville, TN
Replied

I've only bought one short sale, in Kissimmee, FL...everyone told me it was gonna be a LONG process etc etc, but for whatever reason I lucked out and closed within about 45 days! I'm sure that won't happen again...but I guess it all depends on the bank. I did a little extra heavy duty title searching based on the circumstances of the previous owner.... But other than that it flowed like a normal sale.

Loading replies...