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Short Sales in Spanish Fork

26% of the Homes for Sale in Spanish Fork are Short Sales

Short Sales in Spanish Fork Utah are actually in decline.  The amount of short sales in Spanish Fork was in fact much higher a few years ago.  We had many high end homes that fell into short sale during the economic recession.  These homes have now sold and the amount of short sales has slowed down.  Currently we have 296 homes for sale and 71 of those homes in Spanish Fork are short sales.  This equates to 26% of the Real Estate Market in Spanish Fork.

The challenge for many buyers is being able to recognize the unapproved and approved short sales.  When you hire Paul Teasdale of Team Teasdale Realty he will help you know when to make an offer on a short sale and when you shouldn’t.  Paul has been negotiating on short sales in Spanish Fork for about 10 years.  It is important to get a first position when trying to buy a short sale.

Buying a home in a short sale in Spanish Fork can be a hassle, so why should you consider it? Mainly, it boils down to the bottom line. You will get the property for a substantial discount. Since the lender is eager to continue to get paid back the money it loaned out — it may also offer favorable financing terms.

Since the seller plays an active role in the short sale process, you will have their cooperation (and most likely won’t need to evict them upon taking possession of the home). This is not always the case with a property that has gone through foreclosure.

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Many Realtors attempt to move forward on a Short Sale even when the seller has filed for bankruptcy.  A buyer should pass on any homes where a seller has filed for bankruptcy.  The home often gets brought into the bankruptcy making it unbuyable.  A buyer will need to wait for it to show up as a bank foreclosure down the road.

If you are considering doing a Short Sale on your home in Spanish Fork call Paul.  We care about your situation and will use our experience to help you.  We will give solid sound real estate advice.

If you are looking to buy a short sale in Spanish Fork and would like to hire an excellent Realtor call Paul.  All short sales in Springville are not what they appear.  They are like a used car.  You need to look under the hood and do and inspection on the current true status of the short sale before seeing the home.

List of Short Sales in Spanish Fork Utah

Paul Teasdale
Principal Broker
Team Teasdale Realty
801-491-7653