Petworth short sales are a great opportunity for homeowners and investors to buy property at a discount but the risks need to be understood. The biggest risk with purchasing a short sale is the time that it takes to go to settlement. The time that it takes to close a short sale can easily exceed 90 days from the time the seller accepts your offer. Buyers that are on a time crunch may not be able to purchase a short sale because of this. If you need to move by a specific date, then you should consider a regular sale or perhaps a foreclosure. A foreclosure sale can also have delays which are usually related to title.
There are 15 Petworth short sales currently on the market. The price range of these properties is from $75,000 to $425,000. There…
