What about "Short Sales?"

     Hoping to find a good deal, people are considering buying homes that are in “short sale”.   A short sale is a method of selling a home that allows the owner to avoid going through a foreclosure, or to get out of a home that is worth less than the amount owed on it.  The lender agrees to accept less than the current amount owed on the mortgage.  (Thus, the term “short sale.”)  That is where the “shortness” of these transactions ends.  One often must wait months to get a response from the financial institution accepting or denying the offer.  If you have lots of time, this might be a good option for you.  If you don’t have an interim place to live or are on a deadline, short sales can be very frustrating.

     The condition of these homes is often not the best.  If the owner has been in a financial bind due to medical issues, job layoff, etc, they probably have not been able to keep up with the maintenance.

     If you have some flexibility and patience, one can definitely find a good deal.  As always, make sure you get a home inspection once you’ve gotten an accepted contract. 

Welcome to McGraw Realtors, your source for Tulsa real estate. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.

In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Tulsa with my New Listings Notification. 

Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.

In addition, if you have any general questions about buying or selling real estate in Oklahoma, please contact me as I'm more than willing to help. 

Please browse my website for listings, reports and important local real estate information.

Sincerely,

Ronda Butler
McGraw Realtors