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Short Sales In Kingman Arizona
Short sales in Kingman are not as common now as they where a couple years ago however, the Kingman Real Estate market is cyclical and having knowledge of these types of transactions is important. Kingman is a growing community and thus the Kingman Real Estate market is starting to reflect this in rising price points. Although this is slow and gradual the market has been very healthy here in the Kingman housing market.
A Short sale is a sale of Real Estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the full amount. Contrary to popular belief Short sales are not the same process as a foreclosure and can be a tough purchase to encounter. Kingman's Real Estate market promotes affordable living aside from a bank owned property which means when purchasing a Short-sale or Foreclosed property this can be a smart investment opportunity. Kingman Short sales although there are not many on the market now are definitely priced to sell. With the right agent the process of purchasing a Short sale in Kingman could be detrimental to the success of the sale going fully through escrow as there are many strict time lines and can require some experience for a Short-sale to process in the buyers favor.
If you would like more information about Short sales or the Kingman Real Estate market as a whole.
Contact Alexis Steel at Keller Williams Arizona Living Realty 928-303-2199