Short sale properties are different from traditional home sales and foreclosure sales. With a short sale, the buyer is selling the property but the lender also has final approval on any offers made. Paying in cash will greatly increase your chances of the seller and lender approving your offer. However, many people can’t afford to buy a home in cash. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we want you to know that if you’re using financing, make sure you have your pre-approval lined up before you make an offer on a short sale and plan to put as much down as possible. If you offer a pre-approval letter and a large down payment, the lender will take you more seriously. Check out below for what sold in Meadowbrook Glens in April 2015:
24564 Park Ridge Court, Novi: 3 bedrooms, 2.1 bathrooms, 2,950 total sq. feet, 2 car garage, Sold Price: $227,500
Meadowbrook Glens Home Sold
April 2015