Short sales are also on the rise in Scottsdale luxury communities. A short sale is no different than any other real estate transaction; it just takes a little bit longer to complete. A buyer makes an offer to a homeowner and they negotiate to an agreeable price. Normally, you would then continue on with the closing process. In a short sale, the offer now goes to the bank for final approval. This process could go quickly or could take up to two months, depending on the bank and the number of short sales they have. Don't be afraid of going after a short sale in Scottsdale. You could get the house of your dreams.
Brent Hammonds, Associate Broker, CDPE
Solutions Real Estate
Cell: (602) 717-3219
Fax: 877-500-1776
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