Short Sales and Foreclosures

Short Sales Opportunities for Buyers

I have been spending time looking into pre-foreclosure properties, as well as marketing to obtain these properties as listings  in the near future.  In Palatine, Arlington Heights, Buffalo Grove, Vernon Hills and Libertyville there are currently over 250 single family homes that are in pre-foreclosure, just to name a few towns. 

What this means is that the buyers are going to get great deals, and they should be prepared to move forward.  Buyers should be pre-approved so they can act quickly on these properties especially homes that are already bank owned. 

Contingencies are not acceptable unless you have a home that is already under contract with an approved purchaser.  Between low interest rates and pricing, I do not believe that their will ever be a better time to be a buyer.

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