Short Sale Realtor – Real Estate Short Sale Specialist Jim Manning
Short Sales Made Simple
Maybe times are tough, the home is in need of repairs and updating, or you simply might be feeling stuck with a property you no longer wish to own. No matter what your reasons for selling are, the dedicated team at STL Real Estate will make sure you know all the options available to you and help you stay in control during the entire process.
Want to sell your house fast?
Your Home Might Be Worth More Than You Think! We give fair cash offers in as little as 24 hours.
Putting your house up for sale for financial reasons is NOT AN EASY DECISION – But choosing to work with STL Real Estate is!
We’ve helped over 300 St. Louis residents cope with selling their houses under even the most stressful of circumstances.
As both a “we buy houses” company and a licensed residential brokerage we can offer you multiple solutions to get your home sold.
“Ryan is the kind of person that puts others before himself, whether it be worked related or not. I have had the opportunity to talk with Ryan multiple times about housing options for myself and I can honestly say he truly takes the time to explain things thoroughly. I don’ t know much about real estate but whenever I need assistance, Ryan’s the guy I call on..”
Eric Enright, Clayton, MO
“When we did not know where and what to do, we found Ryan and he helped us out with a short sale on our house. He made the process easy for us and was very helpful. Thanks Ryan!”
Tom and Cheryl Frost, Ladue, MO
“I cannot tell you how much it meant to my family to be able to see what Ryan Wessels done with the house. It is just excellent! I am praying for you. God is good and He gives us favor in situations such as selling a house if we call on Him.”
Barbara Kelsch, Kirkwood, MO
“I already have recommended a friend to STL Real Estate. I needed someone to buy my house fast and was strung along by other companies for months. Everything went incredibly well from the moment I began talking with Jim, until closing just a few short weeks later when I got the cash I needed from the home sale. I highly recommend Jim and STL Real Estate for any of your house sale needs.”
Pat Weise, Oakville, MO
“My brother was disabled and needed to sell his home because he could no longer afford it after having a stroke. It was a difficult time for my brother as he faced many challenges due to his illness, and now needed to move from his dream home. STL Real Estate was very professional and helped make the transition as smooth as possible for my brother.”
Jean Weintage, St. Louis, MO
“I have tried several real estate companies in St Louis and I have found STL Real Estate to be the best because of their commitment and knowledge and am so glad that they were recommended to me. Most of the people that I have worked with misguided my wife and I and made money by taking advantage of us.”
Kumar Banerjee, Brentwood, MO
“James Manning and the staff at STL Real Estate provide service above-and-beyond the call when helping us sell our property…If you are considering the sale of property, I urge you to investigate the possibilities available through Jim and the STL Real Estate team.”
Jerry Sears, O'Fallon, MO
“In considering my options when buying my first house, Ryan took the time to explain to me several options. I ultimately made my first housing decision based on Ryan’s knowledge and I could not be happier. I am set up to turn a large profit on my first rehab and can finally pay off those student loans.”
Kevin Simpher, Webster Groves, MO
Ryan worked very hard to put together a short sale on the home that I shared with my family. I had fallen in a place that I wish upon nobody. My home had become a place that I could no longer afford to fix and eventually had to give up ownership. Ryan showed compassion and preserved my sense of dignity. It was the hardest to place to have landed as the single mom of 7. I will always remember his kindness. He has a passion in the business and strives to put solutions together for both the seller and the buyer. Plus I made a new friend! Thank you Ryan!!!”
Bridget Walsh, Lemay, MO
Call us now: 314-287-3661
What is a Short Sale?
“Short sale” is a real estate term that many people have heard, but not everyone knows exactly what it means when buying or selling a house.
Real estate jargon can be confusing enough as it is, and the short sale process can be confusing as well. So if you’re buying or selling a short sale, there are a few things you should know.
What Does Short Sale Mean? First off, what exactly is a short sale? A short sale is when the net proceeds from the sale of the house are less than, or short of, the amount that is still owed on the house.
So, for example, if you still owe $150,000 on your house, but your home is only worth $100,000, in a short sale situation your lender will buy the house from you for less than what you still owe.
Short sales occur when the value of the home sharply falls, whether it’s due to damage on the home, the housing market, or the neighborhood the house is in, and a house can only be sold as a short sale with the lender’s permission.
Things to Know Before Buying a Short Sale Because short sale homes are sold at a deeply discounted price, it may seem like a great deal to a buyer. However, there are a few things to know before buying a short sale home.
One thing to keep in mind is that most short sales will need considerable work. The homes usually have either been left vacant for weeks or months, or they were already in rough shape when they were put on the market. You may also face problems such as termites and mold, which may not be visible from the surface, but they can cause serious problems.
Another thing to consider is how much time you have to buy a home. Because short sale homes are owned by the mortgage lender, the short sale realtor will need to negotiate with the bank rather than another real estate agent. That means that it can take months to close on the home, especially if the bank is overwhelmed with other foreclosed or short sale homes.
Advantages of Short Sale Homes Despite the drawbacks of buying a short sale, there are several advantages as well. The most significant is that you can get a house for a discounted price (as long as you know what you’re doing).
If you’re willing to do some major renovations or accept the home’s other flaws (maybe it’s in a flood plain area or in a rough neighborhood), buying a short sale can save you a considerable amount of money.
They key to buying a short sale is finding a short sale specialist who can help you through each step to make the process easy and painless. The agent can discuss your needs in a home, determine how much the house is really worth, and negotiate a fair price with the lender on your behalf.
Think you’re ready for a short sale home? Talk to your local real estate agent to learn about homes in your area and find the house for you.