Buying a Short Sale Home with West Loop Team

If you're looking for a real estate short sale but aren't sure where to start, reach out to West Loop Team at Keller Williams and we'll put our 15 plus years of experience in the Chicago real estate market to work for you. We have an expert's familiarity with the neighborhood real estate markets that will make completing the short sale process simple and straightforward. We're proud to say that we received the 2021 Chicago Association of REALTORS® Top Producing Team Award, so you can be confident that we're serious about providing you with a successful and positive home buying experience. Let West Loop Team help you find a house short sale you'll love.

Contact Us About Short Sale Process

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With the professional support of West Loop Team, you won't need to waste time on search engines with "short sale homes near me" or "short sales near me" queries and sifting through unfocused results. Our agents make it a priority to get to know your short- and long-term goals, financial ambitions and constraints, as well as discuss whether you have any neighborhood preference. Based on your answers, we help you find a real estate short sale that satisfies all your criteria. Our knowledge of Chicago's neighborhoods and their local real estate markets helps make the short sale process straightforward and simple for you, the buyer. At West Loop Team, our specialty lies in getting you the best deal on a home short sale. 

About the Short Sale Process

Short sales are attractive for home sellers and buyers alike for a number of reasons. For sellers, a short sale gives them the opportunity to sell a property they can no longer afford due to demonstrable and verifiable financial difficulty and avoid a foreclosure. Banks generally try to avoid foreclosures and short sales offer the chance to do so, although the short sale process is more difficult to execute due to the number of steps involved. On the other hand, a home short sale gives you, the buyer, a chance to get a great deal on a new home. Buying a short sale home can save you money when you're hoping to relocate to a new neighborhood, community, or even a new city! Short sales are attractive to buyers of all stripes, but the house short sale market can be difficult to navigate without the right help.

Buying a short sale home can be stressful without professional assistance because of the additional time constraints on the seller - the short sale must be approved by the bank before a foreclosure occurs. Although banks typically prefer to not foreclose on homes in their portfolio, they are required to have the home seller prove financial difficulty, insolvency, or other monthly income shortfall before they can approve a short sale. After it has been approved, the short sale must be priced accordingly in order to successfully sell in the market. The offer you make as a buyer must also be approved for financing and you must have verifiable funds available to close on the home short sale.

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Selling A Short Sale Home

At West Loop Team, our agents are all very experienced with short sales. We have the expert knowledge and access to professional real estate short sale tools and marketing platforms to help you find a home short sale that's perfect for your lifestyle and budget constraints. We'll help you through the short sale process and get you closed on a house short sale in no time. You won't need to worry about the time constraints because we work hard to help you close on the real estate short sale you love. If you'd like to learn more about the short sale process in Chicago, we encourage you to reach out to us via our online contact form or give us a call at (312) 767-7504. We look forward to helping you find a house short sale.