My Account
Log in, to view your saved searches and add to your favorite listings.
... So You Can:
- View detailed property information
- Print detailed property flyers
- Save your searches & favorite homes
- Inquire about a private showing
- Map individual property locations
- Share your favorite homes with friends
Search By Community Type
- Golf Communities
- Historic Homes
- Condominiums
- New Bern Waterfront
- Oriental, NC
- New Construction
- Town Homes
- Oriental Waterfront
Search New Bern Homes
- Under $100,000
- $100,000-$200,000
- $200,000-$300,000
- $300,000-$400,000
- $400,000-$500,000
- $500,000-$600,000
- $600,000-$700,000
- $700,000-$800,000
- $800,000-$900,000
- $900,000-$1,000,000
- Over $1,000,000
- Short Sales
Short Sales
What is a short sale?
Simply put, a short sale is the sale of real estate where the owner owes more to the bank than the property is worth. A short sale allows owners to make a sale rather than going through foreclosure and is significantly less damaging to their credit score.
As a buyer, here are some factors to consider when making an offer on a short sale property:
1) Despite their potential advantages,short sales have a downside. Once you make an offer and the owner of the home agrees to sell it, the waiting game begins. The offer/sales price must be approved by the bank/lender. And that can take weeks or even months. During this period, buyers may not hear anything and when they do if may be a counter-offer. If you are not in a position to wait an undertermined amount of time for an answer, better to consider a house that is not a short sale.
2) Short sale offers are commonly made as-is, and generally won't consider repairs. As a result, properties should be inspected so you'll be aware of any issues that might pop up in the future that may prove costly.
3) A title search is also recommend to see if there are any other liens on the property in addition to the first lien.
4) Be cautious about bidding too low. Be sure to use the services of a Realtor® to help you determine the best offer to make. Banks may want to sell, but they won't accept too poor a deal, so bids should still be reasonable for the market conditions.
5) And finally, considering the amount of time a short sale takes and the uncertainty that a deal will be finalized, you may want to consider alternative properties in case your offer is not accepted.
Our experienced Coldwell Banker Willis-Smith agents understand the process for buying short sale properties and are ready to assist you. If you would like information about Short Sales, please contact us.
Search Results
| All Listings | Under $100,000 | $100,000 - $200,000 |
| $200,000 - $300,000 | $400,000 - $500,000 |
11 Search Results Found. Showing Results 1 - 11.
Custom built TAB home sits on a large cul-de-sac lot. Super nice kitchen & Jennings stove,...
Peaceful Trent River setting with your own boat lift, waterfront dock and decks on back of...
Short sale home with tremendous value. Large Finished Room Over Garage and fenced in yard highlight...
Short Sale. 3 Bedroom, 2 Bath, Oak Cabinets in Kitchen, Tiled Floor,First Floor Home Office,...
Wonderful home with split floor plan. Living and family room with fireplace. Kitchen has...
Beautiful ranch home with attached two car garage. Large Living Room with gas log fireplace....
Short Sale * Home is in good condition. Kitchen has been upgraded. Laminate floors, carpet...
Seller Means Business - This is NOT a short sale. 3BR/ 2 1/2 bath town home features laminate...
Short sale being sold as-is. New laminate flooring in living and dining room, updated kitchen....
Spacious 4 bedroom, 2.5 bath modular features living room, den, kitchen Whit dining area and...
Now an approved Short Sale; New Heat Pump:2012; H/W Heater:2003. Waterviews from LR & MBR....
Contact Us
* Indicates a Required Field.
