Short Sales in Sacramento
October 28th, 2009 categories: Short Sale Information
Banks Becoming Easier to Work With
Over the last couple of years, short sales have been nothing short of a complete pain in the butt.
Getting a response out of the bank was difficult and it seemed that they would rather foreclose on a seller than to sell short and make more money in the process.
That seems to be changing throughout the Sacramento and Placer county area.
While that’s not typical, it has and can be done.
Selling Short vs. Foreclosure
Selling short is definitely the better option.
Selling shore preserves your credit in a more positive light than a foreclosure action. If you intend to purchase a home again, your credit from a short sale will be affected for 2 years vs. 5 years with a foreclosure.
That reason alone makes the short sale a better decision in the long run.
What You Need to Know
1) To qualify for a short sale you must be in financial distress. You’ve got to be able to provide proof that you’re financial situation is dire to substantiate the position of not being able to pay the mortgage.
2) Hire a listing agent who knows what they’re doing.
We hire professional negotiators who have been doing this since the housing crisis began to do our negotiating for us at our cost.
Our team has a success rate of 100%!
3) Once you’ve got the documentation together regarding your situation, you’ve got to have a strong offer to go with the package.
Once again, hiring a Realtor with experience in selling homes is key. Pricing the home to sell for the highest and best amount will ensure the best possibility of success.
Considering a short sale? Give us a call for a free consultation of your situation. We’re here to help.
Thanks for visiting!
