Shorts sales can be a good investment for you, IF you have the patentince to wait until the bank makes a decision on where to grant the seller short sale approval or not. The process can take 3 to 6 months. So check with your own buyer agent, like us for more details.
We have complied all of the short sales properties for sale on the market right here on our website. Now you can start looking for a bargain….however, there is a catch. What is it? The listed price of the home or condo is not always the final sales price.
Beware: Short Sale Lenders May Counter You at Market Value
That means that the home could be listed for sale at $250,000 and you offer $250,000. The bank goes through the short sale process including hiring an appraiser who discovers that the home is worth $300,000. Then, the bank has the option to counter you as the buyer back on the price at the time of the short sale approval. The bank is trying to collect a debt and want to get the most money for the home.
Corona Short Sales of Homes & Condominiums
Our easy to use property search program has helped our happy clients find real estate in Southern California. Start your Inland Empire real estate with some quick tips to help you search (1) Click on the Search Tab, (2) Enter the City name below and press Enter. You can search for multiple cities at the same time. Search by MLS #, City, Property Address, Zip Code or Neighborhood, (3) Determine your price range, bedrooms, bathrooms and more and (4) Click VIEW Results button to see properties.
Establishing Market Value Before You Write an Offer
So, once you find the right home, you need to know the real value just in case the bank decides to counter you and you can still afford it. Once we have shown a property with you and you say “let’s write an offer”. We will figure out how much the home is really worth so you know what possibly can happen IF the bank chooses to counter you down the road.
“Can’t I just find home values online?” The companies that provide that information are not Realtors®. They just have a computer that generates numbers and typically don’t understand neighborhoods and real property values. It’s just not the same. We want you to know the numbers and make a good, wise and confident decision when you choose to write an offer.
Free Home Buyer Consultation to Prepare Your for the Real Estate Market Place
Before we take a buyer or seller on as a client, we take the time to learn about their needs through a 30 to 45 minute consultation. As a buyer, we will be giving you a free copy of our “Red Wagon Team Home Buyer’s Package” that we personally put together. It is 50 pages long and we will go over it with you so you are prepared every step along the way. To schedule a buyer meeting, go to our contact us page or call 800-300-6126.