Short sale is when the amount of a real estate is depreciated by negotiation or is sold by a financially crippled seller. During times of financial crisis one has to let go their property in order to pay the debt and cover the losses. In such a circumstance immediate barter becomes a requirement hence the price is reduced to gain quick buyers.
This kind of bargain can be termed beneficial for both the seller and buyer. The buyer benefits if an esteemed property is available at low price and the seller benefits because he/she can pay away the debts.
In order to negotiate, the buyer can do some research on similar properties and in neighboring areas to find out its worth. If the buyer finds that the property is over priced, he/she can show some comparisons to the seller and lower the price.
The whole procedure can take a long time to effectuate and can turn out to be risky if the seller does not keep the buyer informed. Hence the buyer should ask for proofs of the financial documents like the bank papers pertaining to the property before making a decision.
-www.corporatestaysolutions.co.in
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