Happy Whale Real Estate Panama and Costa Rica offers many property listings in Panama and Costa Rica » property sale http://www.happywhale.com Fri, 22 Jan 2010 06:57:02 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 How can I buy a short sale property if I need to sell my current home? http://www.happywhale.com/property-sale/how-can-i-buy-a-short-sale-property-if-i-need-to-sell-my-current-home http://www.happywhale.com/property-sale/how-can-i-buy-a-short-sale-property-if-i-need-to-sell-my-current-home#comments Fri, 15 Jan 2010 16:49:03 +0000 admin http://happywhale.com/property-sale/how-can-i-buy-a-short-sale-property-if-i-need-to-sell-my-current-home I found a wonderful property but it is now a short sale situation and I have to sell my current home in order to buy it. I was told that a offer contingent upon the sale of my current residence would not be accepted. Are there any other options?

Sell your house but make the sale contingent on short sale approval of your current offer (could be difficult to find a buyer willing to wait). Now that the tax credit has been extended it might be a little bit easier.

Once you have short sale approval and a buyer for your home, try to close both deals simultaneously.

Another option would be to take a hit on the sale of your property by pricing it very aggressively once you have short sale approval.

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