Idaho short sales can be a great investment if you pay attention to all of the details. We write a short sale offer you have to make sure that you take into consideration how different the short sale process is as compared to a bank owned property, or a typical listing.

The biggest factor when it comes to short sales is the response time from the bank. Many times you will be waiting 2-4 months just to hear a response from the bank as to whether they will accept your offer, counteroffer, or reject your offer altogether. This can be a frustrating wait for you as a buyer, and all other parties involved.

So, before you make an offer on a short sale or even look at properties that are short sales, make sure that you understand the timeframe and situation of that property. Every short sale is different in Idaho and whether you should pursue a property should be dealt with on a case-by-case basis. You need to look at the recent history of the property, whether it is in foreclosure, how many payments the seller has missed, whether they have had previously rejected offers on the property. And how many loans are against the property.

Make sure to go to our contact page and ask any questions or get this call if we can help you purchase real estate in the Treasure Valley Idaho area.