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What is a quick sale in real estate?
What is a quick sale?
Asked By Ari M | San Jose, CA | 2361 views | Terms Definitions | 1 year ago
Answer(3)
Michelle Hatfield
EXIT Royal Realty
A quick sale is a real estate transaction in which the seller needs to sell their property quickly, usually within a short timeframe of a few weeks to a couple of months. The seller may need to sell quickly due to financial difficulties, a divorce, a job transfer, or other reasons. In a quick sale, the seller typically prices the property below market value to attract buyers quickly and generate offers. The buyer may also need to move quickly and have financing ready to purchase the property. Quick sales can benefit both parties by allowing the seller to sell the property quickly and the buyer to purchase a property at a lower price than they might otherwise be able to find.
- 1 year ago
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Unhelpful (6)
Brinda Griffin
Griffin Realty Llc
Hi Ari,
This means the home is in pre foreclosure. The seller is behind on mortgage payments and the lender/mortgage co will move towards foreclosure. You can stop the foreclosure usually, with an offer to purchase the home, usually a 30 day closing. The lender/mortgage company will have the final say. Time is of the essence, hire a local real estate professional! Good Luck!
- 1 year ago
- Helpful (9)
- Unhelpful (1)
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Glenda X Bozett
RELI
This means the home is in pre foreclosure.
- 1 year ago
- Helpful (1)
- Unhelpful (0)
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