When a homeowner can’t afford to stay in their home, selling it short is one way to get out from under their debt. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that through the short sale process, the homeowner comes to an agreement with the lender to sell the property for less than the balance on the mortgage, an arrangement that can help avoid foreclosure, and one that typically spares the homeowner the difference in cost. On the surface, a short sale might sound like a great deal for a would-be buyer who is better positioned to benefit from the seller’s tough spot. And it might very well be: It offers the new buyer the possibility of a great bargain. Check out below to see what’s currently listed for sale in Knightsbridge Gate in February 2021:
27555 Belgave Place, Novi: 3 bedrooms, 3.1 bathrooms, 2,183 sq. feet, 2 car garage, Listed Price: $390,000
Knightsbridge Gate Home Just Listed For Sale
February 2021
But this bargain is far from a guarantee. This type of sale comes with plenty of challenges, including a drawn-out closing process and little room for negotiation with an as-is sale. For more information on Knightsbridge Gate, or similar Northville or Novi neighborhoods such as Deerbrook, Greenwood Oaks and Mystic Forest, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.