Grand Rapids, MI (PressExposure) January 06, 2010 -- Short Sales are now in very high demand as more and more homeowners try to sell their home at a discount since many of the homeowners owe more than what is worth on the home. A short sale is a process in which a professional gets a low offer accepted from the bank or lender and allows a buyer to come in and buy the property at a lower discounted price. For example a home may be worth in the current market at 500,000. The short sale professional will go in and negotiate with the bank a lower price of 450,000.
This is called a short sale offer since the offer to buy the house is 450,000. This is 50,000 short of the actual current market value. The short sale professional then has to go and find a buyer to purchase the property at 450,000 which will not be that hard since it is a really good deal.
This process of accepting a short sale here is summarized for the sake of this article, in reality there is a process involved to completing short sales which take several steps. The short sale ebook and software will help you in doing short sales. The short sale ebook will teach you about short sales and the software will allow you to process short sale offers.