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It doesn't get better than a first-time home buyer closing escrow! It's even better when the house is a well-priced short sale in Folsom's beautiful American River Canyon North neighborhood. Doesn't this picture make you smile?
I find it surprising that so many Folsom real estate agent's discourage their buyers from looking at short sales.Folsom short sales are almost always priced better than traditional sales and often better than bank-owned homes. There is usually less buyer competition as well so there is less chance of loosing the home to another buyer or bidding the price up. It's true that short sales take a little longer to close because of the bank approval that's needed. If you're a buyer without a strict time-line for moving, do yourself a favor and consider Folsom short sales.
Let's take a closer look at Folsom short sales. The average price per square foot for a Folsom short sale is $147 compared to $158 per square foot for traditional sales. I'd say that savings is worth waiting for!
If you're considering buying or selling your Folsom home as a short sale, it's important to work with an experienced short sale agent who knows how to negotiate with the bank, submit a complete short sale package, and follow-up consistently. Regular agents don't know how to best do this and often hurt their clients unintentionally because they don't realize that short sales are very different from traditional sales.
*Allan Sanchez is a licensed real estate salesperson in the state of California and does not give legal or tax advice regarding short sales and other real estate sales. Please consult a real estate attorney or CPA for any legal or tax questions.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.