Short Sales
The Deal: A short sale is a property that is individually owned, but the owner owes more money on the property than what they could sell it for on the open market. This means that they need to get permission from the bank or third party to sell the property at a loss and walk away instead of having the bank foreclose on the property.
The Bad: The problem with short sales is that they are very labor intensive on the selling side since the seller's representative needs to deal with both the home owner and the bank. Some banks are faster and more resonable than others. The process can take months or even years to complete. Since the sellers are walking away with nothing, many times they are uncooperative or do not have the funds to make any concessions for home inspection issues which makes the transaction riskier for the buyer. There is no telling exactly what you will be paying or when you will be closing when you enter a contract on a short sale.
The Good: The good news is that since these transactions require more risk, they can be bought a a discounted price, just like any investment. Unlike foreclosures, since the original owner still has access to the property, home inspection issues, or issues with the CO inspection are still able to be fixed prior to closing. This makes it much easier to obtain financing on the property and reduces the risk of the deal falling through during inspection periods.
Is a Short Sale right for me? If you have specific time frames in which you need to close or if you are trying to close multiple properties simultaneously, a short sale if definitly NOT for you. But, if you have a flexible time line and are not adverse to risk, short sales have proved to be very good investments for people who can wait. These are especially good alternatives for buyers who need a below market purchase price but have strict FHA regualtions that might require repairs to be done to the property prior to closing.
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CJ exceeded all of our expectations and helped us buy our dream home by the water. I grew up in North NJ so it was important to work with someone local to the area. He is extremely knowledgeable and helped us find solutions with some of the unexpected items that come with buying a home. He was responsive and attentive, and overall great to work with!
CJ did an amazing job for us. Having grown up in the area allows him to share a depth of knowledge about the area that others can’t. Not only is he extremely well aware of the market, but he has relationships with the very best professionals across the home-buying business and every other service you could imagine. It is very easy to see how well thought of he is in his profession by the relationships he has and his commitment to excellence in the home buying and selling process. Every obstacle that came our way was met with calm and resolve with CJ and he figures out solutions to include thinking outside the box. I can’t recommend CJ enough. He will always pick up his phone and get back to you. If, on the rare occasion he does not have the answer, he will hunt it down and get back to you promptly. He will exceed your expectations and make deals happen when others can’t.
CJ was amazing through the entire process of selling our home. He knows the ins and outs of the sale process and was able to catch a few things before they became an issue. Would recommend CJ for any real estate transaction you might be thinking about!
My wife and I had a great experience using CJ as our realtor. Being an out-of-state buyer presents some unique challenges. CJ accommodated all our requests. He was always available for phone calls and questions. I would recommend using his skills and expertise for your next home purchase.
Honesty, integrity and professionalism is what you can expect from CJ. He will guide you through the process, making it all so simple and smooth. He is very informative and helpful throughout it all. Thank you CJ. Looking forward to our next transaction.
CJ worked out great!! He helped us get where we wanted to be without bringing the ego and drama that we have experienced with previous realtors. Two thumbs up from this couple ????
CJ went above and beyond for our home buying experience. Extremely knowledgeable of the area and led us to the best in the field to bring us to closing as soon as possible. Extremely professional and genuine. We never doubted that he had our best interest at heart. Got us an amazing deal on our home. If you need a realtor look no further. As far as we are concerned, he is the best in the field and the only one we’d ever hire.
CJ is very professional and knowledgeable. He helped us to create an awesome listing and we received a solid offer right off the bat. He worked to help us find a home and even in a tricky situation, we were able to purchase a wonderful new home thanks to him and his team! I would highly recommend working with CJ if you're in the market!
CJ is a standup guy. Always answers right away is very reliable and he has a great smile! The process of selling my house was quick and easy. No issues whatsoever. His knowledge of real estate saved me a huge headache in the long run and I'm soooooo grateful I chose CJ as my realtor. He honestly knows what hes doing it was a very good experience! I'm very happy
CJ made everything so easy. He knew what I was looking for and he delivered. He was able to streamline the process and get me to closing quickly. I am very, very pleased! It was a pleasure working with him.
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