Buying Short Sales in South Jersey

What is a short sale?

A short sale by definition is anytime when a homeowner owes more on their home than what it is currently worth, and has also experienced a financial hardship.  In South Jersey, there are many properties where a homeowner needs to sell the home via short sale in order to avoid foreclosure.  By owning more on the home that what it is worth, they have little options, and a short sale is one of them.

Why would I buy a short sale?

Short sale homes often can be offered below market value.  For this reason alone, you are getting quite a savings on a home.  By looking at short sale listings, you may be able to find a good home or even a home that you might not have considered.  However, also understand that short sales in South Jersey can have some unique issues to deal with such as: purchasing in “as is” condition,  potentially being involved in a bidding war, and having an unknown settlement time frame as the closing time varies.  If you are ok with these potential issues, then a short sale might be right for you.

Where do I find short sale listings?

There are many websites that provide information on short sale properties. Below are the current short sale listings available in South Jersey (List is updated daily in real time)

Short Sale Listings in Cherry Hill, NJ

Short Sale Listings in Mount Laurel, NJ

Short Sale Listings in Medford, NJ

Short Sale Listings in Marlton, NJ

Short Sale Listings in Moorestown, NJ

Short Sale Listings in Haddonfield, NJ

All other Short Sale Listings in South Jersey

What is a short sale realtor?

 

 

 

 

 

 

 

A short sale realtor is also known as a CDPE or a Certified Distressed Property Expert.  These realtors have been extensively trained in understanding all the dynamics and processes of working with a short sale.  While homeowners are already working directly with these types of realtors, someone who is considering purchasing a short sale in South Jersey should also want to work with this type of realtor.  This way, you know that the realtor you have chosen has the extra training provided. For a full list of CDPE agents in your area, click here and search by zip code.

 

 

About Jessica JessicaHoltzman

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