Home Buyers

New Listing - Light-filled Contemporary home in Florence, MA

201 Park Hill Road in Florence, MA

Set high above Park Hill Road is this exquisite contemporary 3 bedroom, 3.5 bath home. Commanding views of the Mt. Holyoke range married with multiple decks and individual balconies off each bedroom, bring the beauty of the outdoors right inside your living space. The living room is highlighted with cathedral ceilings and a towering brick fireplace. There are gleaming hardwood floors throughout the main floor, leading you into the master bedroom with en-suite bath, & walk in closet. Expansive concrete countertops and high end stainless steel appliances including a 6 burner Wolf stove, make this kitchen a chef's delight. Upstairs are 2 more impressive bedrooms, both with private balconies. The fully finished, walkout lower level, with a 2nd fireplace and full bath is a great space for relaxing, home office, in-law or whatever you imagine. A must see!

Offered at $688,000. Schedule your private showing with Winnie Gorman, Lisa Darragh or Scott Rebmann. Or come to the Open House this Saturday, May 12, from 12-2 pm

 

 

 


 

New Listing in Chesterfield MA - 206 Bryant Street!

Contemporary home on 17.22 bucolic acres in the heart of beautiful Chesterfield MA. This 3 bedroom, 2.5 bath has all the bells and whistles! Open concept floor plan on first floor with large cook's kitchen, wood stove, dining room, family room and TV room, shaded porch and sunny deck, tiled mudroom and office/guest room across from first floor powder room. Second floor is comprised of a gracious master suite, with a large walk-in closet, 2 additional bedrooms and addtional full bath/laundry room. Walk out basement is ready to be finished, or can be used as-is. There is also a large walk up attic with ample storage space. In the spacious yard, you will find a large storage shed, fire pit, stone walls and plenty of wildlife. 12 minutes to Williamsburg, 20 to Florence, 26 to Northampton center.

Enjoy camping, hiking, skiing, fishing, horseback riding, berry-picking, bird watching and all that Chesterfield and the hill towns have to offer - as well as an abundance of cultural events and natural beauty in the nearby Berkshires. This property is approved for horses, and would be great for gardening. With an abundance of sunlight, it would likely be a great candidate for solar power too!

206 Bryant Road in Chesterfield. Offered at $399,000. Call Julie Starr to set up your private showing, or attend the open house this Saturday, May 5th from 11-1 pm.

View from the top of the driveway

Side of the house

Cook's kitchen

Wood-burning stove in living room

TV room

Master bedroom

Second bedroom

Third bedroom

 

 

 

41 Pine Island Lake in Westhampton is Back on the Market!

Back on the market with a significant price reduction -  41 Pine Island Lake in Westhampton, MA is a sweet house with a private beach. A wonderful getaway bungalow on a 1/4 acre lot on the peaceful Pine Island Lake.  This cozy home features 2 bedrooms, a newly constructed 245 square foot insulated sleeping loft with skylights, a separate office on the first floor which could be used as a third bedroom, an open concept living/dining room off of the well-equipped kitchen, a Jotul propane stove for heating and ambience. Step outside onto the spacious patio to enjoy beautiful sunsets, the private beach with great freshwater swimming, fishing and kayaking or canoeing, or just a chance to sit back and unwind and take in the views. Pine Island Lake does not allow motor boats which adds to the tranquility of the setting. The property has a large storage shed and private outdoor shower. Tight tank septic installed in 2005. 60 Gallon hot water heater installed in 2011. This home is the perfect spring/summer and early fall getaway - just 20 minutes to downtown Northampton! Offered now at $320,000. Contact Julie Starr for a private showing.

 
 
     
 
     
 
     
 
   
 

 

 

 

New Listing! 51 Pomeroy Meadow Road in Southampton, MA

 

51 Pomeroy Meadow Road in Southampton, MA, is a lovely new 3143 square foot Maple and Main Realty listing. This 3 bedroom, 2.5 updated farmhouse sits on a 0.86 acre pastoral lot. Complete with wildlife, lovely plantings, and a seasonal brook with foot bridges from the porch, deck and picture windows - this house oozes charm and character. The original part of the house was built in the 1880’s with a striking addition of kitchen and family room. The house offers many original and charming features including hardwood floors and custom built-ins as well as modern conveniences. An airy and bright kitchen with breakfast island and stone counters opens to a dramatic vaulted living and dining space with fireplace and spiral staircase. The front parlor is ideal for a home office or den and a small, cozy room upstairs is perfect for a computer room.  The separate in-law apartment for extended family or an au pair feels like its own residence - with a full kitchen, living room and bedroom above. Well maintained mechanicals with newer Viessman state-of-the art boiler. Three bay barn with workshop and a one car garage! Offered at $425,000. Contact Julie Held or Kate Iles for your private showing.

 

 

 

 

Fantastic, Flexible Listing for Sale in Downtown Northampton!

Ready to think outside the box? 72-74 Masonic Street in Northampton, MA is a wonderful downtown Northampton listing! With a recent price drop to $529,000, this flexible property could either be used as a single family, multi-family, commercial or any combination of the aforementioned property types! Most recently used as an office space, this house includes 3400 s.f. of live/work space, plus 4 deeded parking spaces. There are 5 offices and one half bath at present, as well as two separate heating and electrical systems. Bring your ideas, the sky is the limit! Contact Scott Rebmann or Lisa Darragh for a private showing.

Great New Listing in Florence Center!

We have a new listing at 8 Middle Street, Florence MA. This immaculate and cozy 2-family home, reads like a single family home with an attached apartment. The main unit is comprised of a beautifully appointed living/dining room - complete with recessed lighting and beautiful built-ins, made by the owner (a renowned local furniture maker) . The downstairs also includes a spacious kitchen, butler's pantry and large, renovated full bath with laundry. The basement has a finished media room/play space. The upstairs includes 2 sweet bedrooms, a large full bath and gracious master bedroom, with cathedral ceilings and a lofted studio/office. The attached apartment is a well lit, one bedroom with off-street parking, a spacious entry hall, large eat-in kitchen and full bath with laundry. Sliders lead out to a private, fenced deck. The house sits on a lovely, large, flat, fenced lot, complete with beautiful landscaping and artistic touches such as the custom welded doorway into the yard. This special property could easily be converted back to a single family home, but it also works well as an owner-occupied 2 family. There are lovely artistic touches throughout. This downtown Florence location can't be beat!

The current owners have taken meticulous care of the property - inside and out. Contact Julie Starr to set up a private showing, or come to the open house this Saturday, March 3rd from 11-1 pm.

Offered at $449,000

Main Entrance, Dining Room

Dining Room

Living Room

Kitchen

Living Room 

Kitchen

Bathroom, custom built ins

Kid Bedroom #1

Kid bedroom #2

Upstairs Hallway

Master Bedroom

Master Bedroom from Loft

Lofted office/studio

Finished basement

Finished basement, built ins

Custom welded gateway to backyard

Apartment entrance hall/mudroom

Apartment living room, sliders to private deck

Apartment bath/laundry room

 

 

 

 

Northampton Touted in Yankee Magazine!

It's so much fun to happen upon articles in well known publications, touting the many highlights of our fair city of Northampton. Last week, my mother sent me a link to this article in Yankee Magazine, which muses about whether one *could* live here. We say yes! Read on to remind yourselves of the many reasons why you live here, and love it!

Northampton, Massachusetts | Could You Live Here?

When temperatures dip into the single digits, the college town of Northampton, Massachusetts, turns up the heat.

Annie Graves • January 2, 2018 • Read Comments (3) 

    

A young visitor lets off some steam in the Palm House--aka A young visitor lets off some steam in the Palm House—aka “the Jungle Room”—at Smith College’s Lyman Plant House and Conservatory.

Mark Fleming

On the coldest day of the winter, which is soon to lead into the coldest night, we head south from New Hampshire in search of personal climate change. Seventy miles later, we check into the Hotel Northampton, climb the hill that rises toward Smith College, and spiral up an icy-cold staircase to heaven. Or, more specifically, East Heaven. As in, Hot Tubs.

Up here in the clouds (actually, the rooftop), steam billows from a bubbling wooden cauldron that sits high over Northampton. Vapor curls into the dark, frigid air. Snow is falling, the temps hovering around 8 degrees. A pale, misty moon is barely visible above the private enclosure that surrounds our percolating pool. My hair stiffens and freezes, and I couldn’t be happier … or warmer. The air feels sharp enough to shatter—and I don’t care. Which is probably what any number of East Heaven customers have felt since 1981, when Ken Shapiro and Scott Nickerson opened this Japanese-style bathhouse. “I took more hot tubs than showers growing up,” quips Shapiro’s son, Logan, who now helps run the business: four indoor tubs and four outdoor ones, plus a spa.

One of the eight hot tubs at East Heaven.

One of the eight hot tubs at East Heaven.

Mark Fleming

Oddly, the thermostat seems to be rising all over town—cranking up even to, one might say, a tropical intensity. Blocks away from East Heaven’s 104-degree tubs, in the heart of the Smith College campus, a Victorian confection sits amid the swirling snow: It’s the 19th-century Lyman Plant House and Conservatory, shaking off winter with a humid canopy of cacao, banana, and rubber trees in its kid-magnet Palm House, nicknamed “the Jungle Room.” Close by, the transcendent Hungry Ghost Bread, effectively a bakery sauna, emits clouds of yeasty moisture whenever a customer steps inside. Cozy bookstores meld heat, escapism, and—in the case of Raven Used Books—classical music to conjure a mini vacation from the chill. And we’re just warming up.

clockwise from top left: Comfy digs in the Hotel Northampton's newer Gothic Garden building; one-of-a-kind lighting fixtures at custom furniture shop Sticks & Bricks; the atrium at the Hotel Northampton, whose guests have included David Bowie and the Dalai Lama; an artful latte alongside Kahl�a fallen chocolate souffl� at the Roost.

Clockwise from top left: Comfy digs in the Hotel Northampton’s newer Gothic Garden building; one-of-a-kind lighting fixtures at custom furniture shop Sticks & Bricks; the atrium at the Hotel Northampton, whose guests have included David Bowie and the Dalai Lama; an artful latte alongside Kahlúa fallen chocolate soufflé at the Roost.

Mark Fleming

The Setting 

This vibrant Western Massachusetts town is planted in the fertile Pioneer Valley, bordered by farmland, traversed by the Connecticut River, and surrounded by a constellation of top-notch schools—specifically, the famed Five College Consortium (Smith, Mount Holyoke, Amherst, Hampshire, and UMass Amherst). Anchoring and overlooking Northampton is Smith College, founded in 1871, its pretty campus well within walking distance of a downtown brimming with shops and cafés, many decades old. Smith alums who wandered these streets include Gloria Steinem, Sylvia Plath, and Julia Child. Calvin Coolidge was mayor here, from 1910 to 1911, before becoming our 30th president in 1923. One local writer observes: “We’re in the country, but it’s cultured. We’ve got fantastic libraries and a great book culture, but you can also have a yard and be near a forest.”

 

A view of the c.�1895 conservatory, which houses 3,000-plus species of plants from around the world.

A view of Smith College’s c. 1895 conservatory, which houses 3,000-plus species of plants from around the world.

Mark Fleming

The Social Scene 

The café life is exactly what you’d imagine in an energized college town, with a robust mix of students and professor types taking their MacBooks out for a spin and cozying up to lattes. But art lovers can also find inspiration: The Smith College Museum of Art’s impressive collection includes Monet, Picasso, Rodin, Degas, and Cézanne, and a year’s membership brings unlimited admission to high-quality escapism. Locals can volunteer to lead tours at the Lyman Plant House after intensive training in basic botany and the history of the garden, according to a volunteer. Moms and dads troop through the greenhouses with children eager to visit their favorite rooms. “This is mine,” says Langston, a lively 3½-year-old who’s engulfed by giant foliage in the Palm House (although he’s partial to the cacti in the Succulent House, too). “We come here once a month, and he runs through the rain forest,” says his mother, Sally. “I know other people like to come here and be contemplative….”

 

Opened on Market Street in 2011, the Roost caters to a variety of appetites with everything from breakfast sandwiches to milkshakes to wine and beer.

 

Opened on Market Street in 2011, the Roost caters to a variety of appetites with everything from breakfast sandwiches to milkshakes to wine and beer.

Mark Fleming

Eating Out 

Snow is still pelting down as we slip into the Roost, where steamy windows and wood-plank rusticity meet “Rooster Rolls” stuffed with egg, bacon, avocado, or possibly whipped gorgonzola (making the Food Network very happy and earning its props for “best breakfast between bread”). At Haymarket Café, midway up Main Street, contented vegetarians are still squeezing around the postage stamp–size tables (as they have since 1991), surrounded by eccentric wall art, the air alive with the hiss of espresso in the making. Casual ethnic eateries abound—including Amanouz Café, serving bursts of Moroccan flavor. A sprint through town reveals further options of Indian, Greek, French, Japanese, Thai, Mexican, Italian, and Vietnamese cuisines. But if fresh bread is your holy grail, Hungry Ghost Bread is the destination. “Artisanal” and “wood-fired” are weak words for conveying the crack of this crust, the moist cushion within, and the otherworldliness of a cranberry-maple turnover that somehow fell into our bag.

Head baker J. Stevens loading the first batch of the day at Hungry Ghost Bread.

Head baker J. Stevens loading the first batch of the day at Hungry Ghost Bread.

Mark Fleming

Shopping 

We found plenty of excuses to duck indoors, such as Sticks & Bricks, with its artwork, jewelry, and sleek furniture made from reclaimed materials, and Pinch, offering unusual wall art, ceramics, curated clothing, and airy home decor. Thornes Marketplace packs dozens of stores and eateries under one roof, including Paul and Elizabeth’s, a vegetarian mainstay since 1978. Scattered around Northampton is enough reading material to get anyone through winter—Broadside Bookshop, for instance, lines its walls with quality reads plus smart political stickers—but for hours of browsing, nothing beats descending into the cozy den of Raven Used Books. Abundance spills out of the shelves and onto the floor; “Middle English Texts” sits next to “Arrrrgh!” (pirates). It’s an oasis of calm, and an exploration set to the soundtrack of Handel’s Water Music.

Owner Betsy Frederick at Raven Used Books, a haven for local academics and bibliophiles.

Owner Betsy Frederick at Raven Used Books, a haven for local academics and bibliophiles.

Mark Fleming

Real Estate 

At the time of our visit, a stylish two-bedroom townhouse-style condo in a c. 1900 building once known as the Union Street Jailhouse, offering exposed brick walls and a short walk to downtown, listed at $246,888. A breezy four-bedroom renovated 1950s colonial, with granite kitchen counters and proximity to Childs Park, was selling for $399,000. And a two-bedroom eco-friendly contemporary condo with a rooftop deck, less than a mile from the Smith campus, also listed at $399,000.

Uniquely Northampton

Apart from being able to luxuriate at East Heaven (and take a free half-hour tub on your birthday), we barely scratched the surface of Northampton’s local perks. Every type of music and performance venue is represented here, from intimate institutions like the Iron Horse Music Hall to the venerable Academy of Music, the oldest municipally owned theater in the country (c. 1891), which showcases talent ranging from Irish songbird Mary Black to the witty David Sedaris. As for the visual arts scene, it explodes at the twice-yearly Paradise City Arts Festival, an extravaganza of 200-plus top-notch craftspeople and fine artists that’s been dazzling shoppers since 1995. 

Getting Your Bearings 

Just off Main Street, in the center of town, the elegant Hotel Northampton—a member of Historic Hotels of America—is ideally situated for sampling every tropical diversion. And for depths of coziness on a winter’s night, descend into Wiggins Tavern, the hotel’s 1786 tavern (moved from its original site in Hopkinton, New Hampshire), for an incomparably warming Indian pudding. 

 

Thinking About Buying vs. Renting?

The decision to buy a home is not one that is taken lightly by most. It is among the largest purchases (if not THE largest) one will make in their lifetime. Not everyone is in a position to buy vs rent. For this reason, as realtors in the Northampton area, we always suggest that a potential buyer start the process by speaking with their local bank or a mortgage broker to determine whether they can afford to buy and, if so, what purchase price is within their range.

To me, real estate has always made sense as a place to invest money. It seems less fickle than the stock market, and you have the added benefit of being able to live in and enjoy your home, while (hopefully) building equity. While the following piece from the Daily Hampshire Gazette uses the San Diego real estate market to make it's point about the benefits of home ownership - it is still a salient one. If you are in position to be able to buy a home vs. rent, it is an investment worth making. It's always a good idea to work with a knowledgeable buyer agent when purchasing a home. In this way, you are more likely to negotiate a fair price, and choose a home that has solid resale value. Read on for more about buying vs. renting.

Buy vs. rent: Can you afford to wait?

Buying a home is probably the biggest financial decision most of us will make. Dreamtime


By San Diego Tribune Staff
Thursday, November 09, 2017

Buying a home is probably the biggest financial decision most of us will make. While many variables factor into that decision, one key element is whether it makes more financial sense to buy a home rather than renting one.

According to industry experts, it depends on how long you plan on staying in a home.

“Given certain parameters, I can tell you that if you intend to be in a home for three to five years, it is almost always better to buy,” noted Matt Brady, a loan officer at Skyline Home Loans.

That’s because even though there is sizeable upfront expenditure when buying a home, you’ll be seeing the benefits after a few years.

Principal reduction is the amount paid on the cost of the home itself and not the interest. The idea is that by the time you plan on selling the home, you’ll have paid some of the cost of the house and will get more for it than you paid for, resulting in spending less over time than you would have renting a similar place.

Although home prices are high in San Diego — the median price is $535,000 for a home, $400,000 for a condo and $623,750 for new construction — area rent is also high and increasing. The median rent for a one-bedroom is currently $1,560; for a two-bedroom, it’s $2,020, according to the latest figures released by Apartment List, a national rental marketplace. That’s a 4.6 percent increase over last year.

Brady calculates the financial benefits of owning a home this way:

According to the National Association of Realtors, most people own a home for approximately nine years before selling. If a renter initially pays $2,200 for a two-bedroom home, after nine years, the rent will have increased to $3,000 at a 4 percent increase per year.

While the renter will have paid around $40,000 less in rent over those nine years than a buyer who purchased a $400,000 home, the owner’s home will have appreciated by about $200,000 in those nine years, Brady said. (And while no one can predict the future, most analysts assume that home prices will continue to rise and that San Diego will stay apace with the national average of a 4 percent annual increase).

The homeowner also will have paid down the mortgage by about $73,000 and had the added tax benefits of owning a home, which according to Brady would be about $40,000. In nine years, a buyer is ahead more than $225,000 from someone continuing to rent.

“The bottom line is unless you can rent the $400,000 house for $1,500, it makes much more sense to purchase it,” Brady said.

Buying a home is not for everyone. Renting is often less stressful and more flexible. But if you’re ready to settle into one place for a while, go over the numbers to see what works best for you.

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Design Elements for Modern Homebuyers

As realtors, we are first-hand witnesses to the changing tides of desirable home design elements for home buyers. Seven years ago, when I became a realtor: granite and poured concrete were all the rage for kitchen counters, everyone seemed to be looking for an open concept living space, flat yards bested yards with any slope, and stainless appliances were a must-have. It's interesting to see preferences for certain types of layouts, paint colors, building materials, design elements and landscaping choices ebb and flow over time. I even notice that my personal preferences change, depending upon what I'm seeing more of. I've grown to love marble in kitchens and baths, but I can imagine that, over time, I might tire of their stark whiteness and required maintenance.

The following article from my favorite home and design blog, Apartment Therapy, talks about *modern* homebuyer preferences. While the Northampton area isn't overflowing with Sub Zero or Viking appliances, per se, I agree that the other elements of this article hold true.

 

What Modern Homebuyers Are Looking For (Hint: It's NOT Granite Countertops)

Brittney Morgan
Oct 25, 2017
 
(Image credit: Emma Fiala)
 
When looking at homes, we all have our own preferences for different home features—one person might want a huge, modern kitchen and another might not care about the kitchen as much as they care about having walk-in closets. But which features are most commonly used as selling points for homes?

Trulia pulled data from homes for sale on the site over the past year to see what design features are most popular for listers, pitting different features against each other. While some trends and design staples unsurprisingly won out—looking at you, subway tile and hardwood floors—others didn't necessarily come out on top, and some were just plain missing (seriously, no mention of granite countertops? I'm shocked!).

Here's how the most popular design features fared against each other.

Marble Countertops vs. Quartz Countertops

The Winner: Quartz countertops—they're more expensive up front, but marble countertops require more maintenance by comparison, which can add up.

Soaking Tubs vs. Claw Foot Tubs

The Winner: Soaking tubs. Claw foot tubs may seem more luxurious, but soaking tubs were far more popular according to the data.

Hardwood Floors vs. Carpet

The Winner: Hardwood floors. According to Trulia, real estate agents frequently see a strong preference for hardwood floors from clients, because they're easier to clean and long-lasting.

Basketweave Tile vs. Subway Tile

The Winner: Subway tile—although Trulia admits the numbers for each were so close, it's nearly a toss-up.

(Image credit: Hayley Kessner)

White Cabinets vs. Dark Cabinets

The Winner: White cabinets, and real estate agents point out that lighter, brighter cabinets can make a kitchen look bigger.

Sub-Zero Appliances vs. Viking Appliances

The Winner: Sub-Zero appliances—although, like the tile style toss-up, Viking appliances were just barely behind.

Bay Windows vs. Floor-to-Ceiling Windows

The Winner: Bay windows. Another close call, but bay windows were still the more popular selling point.

Electric Stoves vs. Gas Stoves

The Winner: Gas stoves—while they're more expensive initially, they save money in the long run as gas in general is less expensive than electricity. Gas stoves were far more popular than electric stoves among listings.

 

 

Potential Pitfalls of Buying a Short Sale

Over the years, I've had a handful of homebuyers ask me about the process of purchasing a short-sale or bank-owned property. In theory, it sounds great! A Northampton area house being sold below market value - what could be better? But, the reality of of purchasing such a property can be rife with potential pitfalls.

I assisted a young couple in the process a couple of years ago. They were interested in a lovely 4 bedroom, 2 bath home with a wrap around porch, garage and private yard in Easthampton, MA - a short sale. The home was empty, we couldn't confirm that the boiler worked, and mold was growing in the basement. Ultimately, my buyers had to back out of the purchase because they needed to sign another year's lease for the apartment they were renting or risk being homeless while the unpredictable closing time frame for the purchase of the short sale unfolded before them. 

I came across this article below from Apartment Therapy  which outlines possible issues that can arise during a short sale purchase.

Thinking About Buying a Short Sale? Read This First

by Tara Mastroeni 9/15/2017

Many buyers, especially first-timers, are enthralled by the prospect of buying a short sale — and it's not hard to see why. Bottom basement sale prices make these transactions seem like a no-brainer. Unfortunately, most of the time, these too-good-to-be-true deals also come with a huge catch.

Before you commit to buying a short sale, read this first. We've outlined a few red flags that you should be aware of prior to taking the plunge. Take the time to consider each of these possibilities and decide if you're prepared to take them on, If so, you can move forward having made an informed decision. If not, then you know that focusing on traditional sales will probably be a better fit for you — one less thing to worry about!

It Could Take a Long Time to Settle

The term "short sale" is misleading. Rather than describing a transaction that can be settled quickly, it actually refers to the fact that a bank has agreed to let the sellers come up "short" on their loan in order to avoid foreclosure. In exchange for this opportunity, the sellers have agreed to give the bank the final say when it comes to accepting an offer. Before the sale can move forward, the offer must go through a lengthy approval process, which can take up to 3 to 6 months, on average.

During the approval process, the bank must first review the sellers' financials — their debts and assets — in comparison to the proposed sale price in order to decide how much of a loss they're willing to take. That documentation must be reviewed by several different departments, which often slows things down significantly. Additionally, if there is more than one loan on the property, each bank will need to make sure that the offer satisfies its needs.

You'll Need to Pay Most of the Transaction Costs

In a normal sale, buyers and sellers have a chance to negotiate who will cover the closing costs, aka the one-time fees associated with the sale that are collected at settlement. (The exact charges will vary, but they can include anything from the cost of inspections to property taxes and title insurance.) Both parties will also negotiate who is responsible for taking care of any necessary repairs on the property.

Since the bank is already taking a loss on the value of the loan in a short sale, it's unlikely that they'll be willing to assume any further costs. Most short sale contracts include a clause where the buyer agrees to take on sole financial responsibility for covering these fees, so if you decide to move forward, be sure that you have enough immediate cash on hand to account for these additional expenses.

You Could Be Held Responsible for the Sellers' Debts

When a debt goes unpaid, a lien or judgment is filed with the court system. Some will follow the individual who's responsible for the debt, while others get attached to a particular property. In a typical sale, a title company or attorney will perform a search to identify these debts and work with the seller to resolve them before settlement.

In a short sale, things may go a bit differently. Depending on the seller's financial situation, these debts may become assumed with the transfer of a deed, meaning that anyone who buys the home will automatically become responsible for their repayment.

Bottom line: Be sure to read all of the paperwork that comes with a short sale carefully before submitting an offer so that you'll be informed of the specifics of that transaction. You should always know exactly what you're agreeing to before signing any legally-binding documents.