Short Sales
Saint George Short Sales
September 29, 2009 by admin · Leave a Comment
St. George Short Sales
What is a short sale? A short sale is a real estate term that describes a situation where the fair market value of the property is less tan the debt owed against the property. The property cannot be sold unless the mortgage holder agrees to accept payment that is less than the amount owed to them. The mortgage holder thus agrees to take a loss on the sale of the home. It can be risky but short sales do happen and can work as long as full disclosure from all parties are given.
Approximately 35% of the homes listed for sale in the St. George, Utah area are listed as short sale properties. There are homes ranging in listed price from $50,000 to $999,000. Short sales are great for buyers that do not have a specific time frame necessary to move in to the home they desire to purchase.
If you are in the market to purchase a short sale home, you will find that there are a wide variety of listings available to suit what it is that you are looking for. There are currently single family homes, condominiums, and town homes that are listed in several wonderful neighborhoods throughout the city of St. George and the surrounding area.
If golf is your ideal recreational outlet, there are homes structured near to some of the country’s greatest golf courses. If you are seeking a home in short sale status near shopping or excellent schools, there are properties available in these neighborhoods as well.
Short sales are a wonderful way for the discerning buyer to find the home they want at a fair market value. If you are currently in the market and wish to view these types of properties, they are readily available in an area that you can move your family or retire to.
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