11 of the 35 detached homes for sale in Foothill Ranch (as of 9/6/10) are short sales. They range in size from a 1,100 square foot 2 bed/2.5 bath home in the Brittany neighborhood to a 3,272 square foot 5 bed/ 3 bath home in the Roxford Crest neighborhood. The listing prices of these 11 homes ranges from $325,000 to $740,000.00. Potentially some really great deals in this mix of homes. If you decide on any of the other 24 detached homes currently for sale in Foothill Ranch there are some good values in that group too. I've owned a home in Foothill Ranch since 1996 and would be honored to serve you in all of your real estate needs.
Short Sale Homes In Foothill Ranch
If you are thinking about buying a home in Foothill Ranch then a short sale is a great way to get below market price. With the sharp drop in home prices over the last 2 - 3 years many homeowners in Foothill Ranch are 'underwater' (They owe more on the home than it's present market value). Some of these underwater homeowners are in a "must sell" mode due to hardship (job loss, divorce, underemployment, medical bills, etc.) This does create a great buying opportunity for an astute buyer and affords the seller the dignity and credit advantages of short selling rather than foreclosing.
BUYER BEWARE! (Well, at least be informed and properly represented.)
Short sales can be difficult and lenghty transactions for all parties concerned. You, the buyer, are likely to get a better deal vs. a traditional sale but you will have to be patient and prepared. You absolutely must have a buyers agent representing you that is experienced with short sales and can (by interviewing the listing agent properly) advise you appropriately when making an offer on a particular home in Foothill Ranch.
We (Dave Gubler and Brian Doubleday of IML Real Estate) have negotiated with and obtained 100s of resolutions with lenders over the last 3 years. Who better than a successful short sale listing agent to advise you and represent you when buying a short sale? We have gone so far as to actively assist short sale listing agents to (even though we represented the buyer) escalate to higher bank authority, refute erroneous lender BPO valuations, eliminate deficiency judgments and much more.
Because such a high percentage of the available homes in Foothill Ranch are short sales (11 of 35 active listings at this time) you should choose a buyer's agent that has experience listing (and closing!) short sales. We will help you determine which homes you have the best chance of success in purchasing. We will assist the listing agent (if need be) by applying our contacts and strategies in order to expedite a short sale approval.
Don't ...
Be Afraid To Get A Better Deal (by purchasing a short sale).
Do...
Make Sure You Are Represented By Competent and Experienced Agents Who Will Be Willing To "Roll Up Their Sleeves" and Do Some Of The Hard Work A Short Sale Requires.
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