Nineteen percent of the residential homes in Maplewood, New Jersey are short sales or bank-owned as listed in the Garden State Multiple Listing Service (GSMLS). If you have the stomach to go after a short sale or foreclosure team with us and we’ll get you across the finish line.
What’s a foreclosure? A bank-owned property where the homeowner you are dealing with is the bank, which makes this a very un-emotional transaction. The bank has had a BPO (Broker Price Opinion) completed — a market analysis of the home — and has determined the price of the property based on the BPO and other factors they deem important. Most foreclosure properties are sold “as is”, which means what you see is what you get. It’s important for you to get a home inspection to determine if you still want to go forward with the purchase or not. Banks love dealing with cash offers whenever possible.
What’s a short sale? If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale.
Look* and see if any of these 22 homes, which are either a short sale or foreclosure in Maplewood, New Jersey, are of interest to you. Contact us at 201 647 6144 to schedule a short sale consultation and an appointment to preview the properties this week.
Click here to see the picture gallery of all 22 properties: GALLERY
*These links will expire in 60 days. Information deemed reliable, but not guaranteed.
Click here to see a spreadsheet of the 22 properties: ONELINER
We have earned the nationally recognized Short Sales and Foreclosure Resource (SFR) certification, which simply means we are not afraid of short sales and have taken steps to understand the process for you and are here ready, willing and able to help you through the short sale process. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows. We have also teamed up with a local certified public accountant and attorneys that have short sale experience to provide free consultations to our clients.
According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures. For many real estate professionals, short sales and foreclosures are the new “traditional” transaction. New Jersey REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities.
