We talk daily to potential homebuyers in the Portsmouth New Hampshire and other NH and southern Maine Seacoast areas. One common question we get is: “Do you think prices have hit bottom yet?” Not having a crystal ball we can’t answer that question accurately nor can anyone else. One thing we can say with accuracy […]
First of all let’s define exactly what a short sale is. A “short sale” is a real estate transaction where the lender or lenders allow a property owner to sell that property for less than the mortgage balance causing them to get a ‘short” payoff, hence the term “short sale”.