Top 5 reasons NOT to buy a short sale !.

Buying a new home from Classic Communities will make sure you never run into these top 5 short sale problems. Remember, your new Classic Commuities home always has an one year fit and finish warrenty and an additinal 10 year warrenty, called SB800.

Buying Short sales and bank owned homes can be a frustration for many buyers today.
See the top 5 reasons NOT to buy a short sale property.

(1.)Unknown Length of time:Short sales generally can take months from acceptance offer till closing. Plus ,these is really no solid time line when the closing will occur. Don't make any plans to move around the date on the purchase agreement ,it doesn't mean anything to the bank!

(2.)Your deal may never close:Many short sales never get approved by the bank and consequently go into foreclosure.

(3.)Your price may never be accepted by the bank:Although the seller has accepted your offer, there is no guarantee the bank will. You could get the offer accepted for $700,000 only to have the bank come back and say they will only accept $900,000!Your only options are to accept the $900,000 or to cancel the deal.

(4.)Little or no information prior to closing:This is related to #1 above.This can be one of the most frustrating parts of the process. The listing agent will often have no information as what is currently happening on a short sale for weeks on end.

(5.)Last minute deal thieves: Just like on ebay, unless the listing agent is explicitly preventing it, you could have a accepted offer in on the property for months ,only to lose it in the last 30 days to a higher bid from an investor.

These are just a few problems that you would not have, when buying a new Classic Community home ! See our website at www.classiccommunties.net our sales offices today for a Model tour.