Short Sale Lots and Land In Mono County
Benefits of Purchasing Short Sale Lots And Land In Mono County
There comes a time in most people's lives when they feel it's time for them to own a piece of property. Many people choose to buy a home and others choose to buy land so they can build their homes on them. If a person is in the market for short sale lots and land in Mono County, there are many advantages they can benefit from.
This area provides a resort atmosphere because of the water and ski activities one can indulge in. Locals can take advantage of the lake in warmer months with water activities such as boating, fishing, jet skiing and water skiing. During colder months when snow is present people can ski and snowboard.
One of the good things that exist with this type of purchase is there is more room for bargaining than there is with a conventional buy. The bank is trying to avoid a foreclosure so one should feel free to submit offers that work for them. The offers of course have to be approved by the bank but one never knows what the bank may say yes to.
Another advantage is buyers tend to get property at a huge discount. This is a good way to purchase if a person is dealing with a low end loan pre-approval. Buyers may even get a chance to get a property that otherwise would have been out of their reach if it were not for this method of buying.
Banks benefit from this type of transaction as well. They are not in the business of owning property. Banks are in the business of lending money so a short sale works in their favor too. It helps them to avoid having to deal with selling a property that has been foreclosed on.
Short sale lots and land in Mono County are a good buy for anyone looking to get resort living at a bargain price. One can enjoy water and snow activities in this area. Since this type of purchase typically takes longer than the more conventional way to buy it's important for one to stay persistent in their quest for ownership.