Hopkinton Realty
Bob Marquedant
Local Realtor

Hopkinton MA Homes for Sale  Bob Marquedant Local Realtor 25 Years

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Hopkinton MA Short Sales Homes & Condos...

Hopkinton Short Sale- what is it??
Many buyers in the market right now
re bemoaning the short sale. A short
sale is when someone lists or sells their
home for less than what is owed on it.
Many homeowners are under water on
their values and can’t refinance so their
only options are either to let it go to
foreclosure or request a short sale.
Short sale sellers often are behind on
their payments or are already in
pre-foreclosure.

A lengthy short sale approval
process may be required and the avg.
time frame is just over 3 months.
Many buyers try to avoid short sales
 since you often don’t know if you have
a deal till the very end of the process.
If the loss mitigation or short sale
specialist rejects the proposal, the deal
falls apart and any moneys spent on
home inspections or nonrefundable
loan application fees are lost.  Patience
and perseverance are definitely
required for short sale properties.

Have questions about short sales or would like to offer your experiences, please send them to us and we will be happy to post them for others benefit.

Bob Marquedant   Broker. Owner
Local Hopkinton Realtor

Serving Hopkinton since 1985.

Buyers Beware.....
We are experts in working
short sale deals, why not
put our experience to work
for you.

Here’s some tips on buying short sales... 
   Try not to put down
   any deposit money
   if you can.

   Request that home
   inspections be tied to
   the time frame for the
   approval is possible.

   When making a loan
   application, defer the
   ordering of the home
   appraisal so you won’t
   have to pay for it if the
   deal falls apart.

     Float P & S signing
   dates to keep from
   paying additional
   down payment moneys.

   Request that seller
   sign over rights to the
   broker to negotiate
   with the short sale
   specialist so someone
   experienced can push
   the process forward.

   Be proactive-many
   short sale requests
   land in the abyss of
   paperwork. Be the
   squeaky wheel.
 

Hopkinton-Realtor-Bob-Marquedant
Bob Marquedant
Local Hopkinton
Realtor

508 435-4009 O
508 341-5630 M
508 435-9257 F

Bob@Hopkinton
Realty.com

 Call us anytime and thanks for thinking of us.

Bob Marquedant   Broker. Owner
Office: (508)435-4009
Cell:    (508) 341-5630
Fax:     (508)435-9257
Email: Bob@HopkintonRealty.com

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MLS Participant Firm: Selective Homes Realty 80 Winter St. Hopkinton, Ma. 01748 (508) 435-4009 Designated Broker: Robert B. Marquedant

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