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Pros & Cons of Buying Short Sales and Foreclosures

By
Real Estate Agent with Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Rancho Mirage, & Palm Springs. DRE# 01714898

A recent article in the New York Times does a great job explaining the process of buying distressed real estate and this process holds true of La Quinta's market.

la quinta bank owned property for sale

The article discusses the pros and cons from a buyer's perspective of buying a foreclosed property and accurately describes what to expect if you do write an offer. It also talks about the short sale process and what to anticipate here.

If you are a buyer in La Quinta considering the purchase of either a short sale or bank owned property, read this article as your initial research.

Read the full article here. For further information on the La Quinta market or for more information on purchasing distressed property, please contact me.

Palm Springs Single Family Homes l Palm Springs Short Sales l Palm Springs Foreclosures

Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Tina...thanks for the article...I'm yet to do a short sale...but have listed or sold several foreclosures....Thanks again and have a great day!

Dec 08, 2009 09:25 AM
James K Barath, CMPS
Canopy Mortgage, LLC - Crown Point, IN
FICO Pro, Certified Military Housing Specialist

Hi Tina. I wanted to read the article but it appears that you entered link to an article that you read while you were logged into your Yahoo account. Unfortunately, the article is not available.

Dec 08, 2009 09:38 AM
Tina D Saporito, Your Dedicated Palm Desert, CA Realtor Since 2005
Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Rancho Mirage, & Palm Springs. - Palm Desert, CA
Call (760)799-8460. www.JustListedinPalmDesert.com

Hi James- The link should be working correctly now. Sorry for the inconvenience.

Dec 08, 2009 09:56 AM
Kathy Schowe
California Lifestyle Realty - La Quinta, CA
La Quinta, California 760-333-8886

Tina,  you always post the most relevant info--- I saw you in the office today-- slaving over the short sales!  You are a trooper!  Kathy

Dec 08, 2009 01:30 PM
Robert L. Brown
www.mrbrownsellsgr.com - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Mic

They can be challenges but if you have a competent realtor in your corner the process should run smoothly.

Dec 09, 2009 04:05 AM
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Foreclosures in our area are still coming in fast.  Prices are still low and short sales are beginning to show up more.  Great article from the New York Times.

Dec 14, 2009 12:29 PM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

There is no doubt that when buying either a short sale or foreclosure you should know all the rules of the game!

Dec 15, 2009 07:30 AM