RI Short Sale Offer Needed | Wickford RI Home for Sale
141 Stone Gate Drive
Bank is Waiting for the Right Offer
One thing home buyers need to know in a RI short sale is that a good price offer is needed to move forward with a short sale with any lender holding the mortgage. This Wickford RI home for sale at 141 Stone Gate Drive is a great 5 bedroom, 3.5 bath home within the town of North Kingstown waiting for the right offer from a pre-qualified home buyer.
Why do I as the listing agent need a pre-approval from a lender for a buyer? A short sale buyer needs to be able to qualify for a mortgage at the listed short sale property price, be able to ‘hang in’ for at least 3-4 months while the negotiators negotiate with the bank on the sale for the seller and be committed to buy the property.
When making an offer on a short sale property you need to know the following as a home buyer:
– Does the listing agent know and has handled multiple short sales?
– Is the short sale priced to the current real estate market
– Are there more than one lender having liens on the property?
– Is there a negotiating legal team in place to handle the short sale?
– Is the short sale property in a flood zone?
– Are there outstanding assessments not paid on the property?
– Are there liens, besides the mortgage, on the property?
These are just a few of the items you need to know about when a short sale is at hand. Lucky for you on this Wickford RI home for sale, I have taken care of addressing all the points and can guide a home buyer successfully through this process. Knowledge is power in the short sale arena.
Now this Wickford RI home for sale has a huge yard with 3/4 acre and 250 feet frontage, dining room, living room, great room, 1 car garage with loft space, a possible in law apartment on the first floor of the home, hardwoods upstairs, updated kitchen with corian counter and maple cabinetry, newer central air and a 2006 4-bedroom septic (ISDS) system, gas heat and more.
If you do not have a lender yet, please call me and I will give you some reputable loan officers names to call. A pre-approval is a must before looking at a short sale. Interested and qualified? Call me today at 401.529.7849.
This house needs a solid bona fide offer to get the short sale moving with the bank! Are you the the buyer to do it?!
UPDATE: As of January 2015 we have a bona fide offer submitted to the bank. Back up offers are being entertained by the seller. Thank you!
RI Short Sale Offer Needed | Wickford RI Home for Sale
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