Fit Small Business spoke with industry experts, including Atlas’ vice president of investment brokerage, Mike Hills, who shared tips to help you make buying discounted properties easy.
8. Be Patient When Buying a Short Sale
It’s important to be patient when buying a short sale. Banks can be slow; understand that most bankers don’t know as much about real estate as you think they do. Be strong in your offer and be patient once you put your offer out. A lot of times you’re dealing with homeowners who are in dire financial situations. They may even still be living in the home while these negotiations are progressing, so celebrate your success but don’t gloat.