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How long will my Atlanta short sale take?
This is a question I hear frequently:
"How long will my Atlanta short sale take?
The easy answer is, not as long as it used to. But the harder fact is that it probably won't happen as quickly as you'd like. That is, of course, unless you've already done your homework and set your expectations based on research and readiness.
You can expect a longer time line from offer to close than would be expected for most ordinary real estate transactions. That’s because the short sale process is so much more complex. In our experience, the fastest short sale approvals occur when all the parties to the sale know what to submit to the short selling lenders, and when.
Why do short sales take so long?
In a normal real estate transaction, the seller has the right and the will to sell, the buyer has the ability and the will to purchase, and it is a fairly straightforward process once the deal is struck between them. A cash buyer can close on a property within days of signing the contract. And when any outside approval is required, it is -- usually -- only if the buyer is using a mortgage loan to purchase. In this case, the buyer’s ... more
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