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If a home is in a short sale , Can I contact the home owner and try to buy the home directly from th

  • October 13 2010 - Oakland
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Answers (5)

I disagree. You should definitely contact the owner. The owner is the one who signs the deal to sell it to you - of course it still needs to be approved by the bank. Many a time I have talked directly to an owner and the owner has signed my contract over others because I had that personal face to face discussion with them.

Some owners won't care at all....but if you want the deal....it will probably help to get your face in front of their face!

If you are asking to avoid a commission (as opposed to just getting your deal selected and signed by the owner), that is not going to happen as noted already if it is listed the agent has contractual rights..... and you'll never actually get the deal done...too much paperwork and you need an experienced agent to navigate the process.
  • October 13 2010
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Hello Staay....

That is very good question.  Unfortunately, there is no point in going directly to the seller with your offer because its the bank the ultimately approves the purchase price.

Good luck..please make sure you are working with a knowledgable Realtor.  We are all here to assist you or if you need an agent.
  • October 13 2010
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Profile picture for Pacita Dimacali
Chances are this short sale is listed by a realtor. Even if you try to contact the buyer directly, you will be referred to the realtor.

If you write an offer and the seller accepts, it will have to go through the short sale process review where the short sale negotiator can approve/reject/counter the offer. Remember that in short sales, there are no guarantees.

If you are not that familiar with short sales and how it works, you may be interested in this articel on Buying a Short Sale

Good luck!
  • October 13 2010
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Who will process the Short Sale? In the case of a short sale there is no advantage to going direct. Unless they have multipule offers in that case go direct to the listing agent.
  • October 13 2010
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You can try. But if the home is listed by a realtor, the home owner is under contract to refer all potential buyers to the real estate agent.
  • October 13 2010
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