Many of the homes for sale today - as many as half in some markets - fall under the category of "distressed properties."
These are homes that have either gone through foreclosure or are being marketed as "short sales." In a short sale, the homeowner can't afford to maintain the mortgage, but the lender - rather than foreclosing - agrees to the sale of the property for less than the
balance of the loan.
These types of sales have different dynamics than traditional sales - with more paperwork, often a longer transaction process and,
in some cases, more frustration. For these reasons, many buyers shy away from foreclosures or short sales.
However, if you understand the potential pitfalls of purchasing a distressed property - and work with an agent who has a
thorough knowledge of this market - you can get a great home at a great price.
Thousands of RE/MAX agents (including myself) have been specially trained in working with foreclosures or short sales through the Certified Distressed Property Expert class or a similar course. They can guide you through the process and help you locate and purchase just the right home for you.
For further information, please feel free to contact me at RE/MAX Realty Champions, Wolfeboro, NH
44 North Main Street, Wolfeboro, NH (603) 569-3330 / Cell (603) 387-2105
I look forward to speaking with you!
George Zavas
RE/MAX Realty Champions
Broker/Owner
NH Magazines 2011 Five Star Real Estate Agent
Member Institute for Luxury home Marketing
Certified Distressed Property Expert
Certified Buyers Representative
