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My colleague Jim Patton, a short-sale specialist in Stanislaus County shares a great thought here and offers a timely suggestion to buyers. While our market on the San Francisco Peninsula is quite different, there are short sales here, too, and buyers need to have their "Bucket Load" at hand.
You will need a Bucket Load of this to buy a house here!
If you are in the market for a home here in Stanislaus County you will need a bucket load of this. What is this "this" that I am talking about you may ask? Well it's not a bucket load of cash. Home prices here in Stanislaus County are pretty affordable. What I am talking about is PATIENCE. Let me repeat that just in case you didn't get it. If you want to buy a house here in Stanislaus County you will need a bucket load of PATIENCE.
Now there are two reason why you will need to be patient when trying to buy a home in Stanislaus County. The first reason is that the inventory of homes for sale is pretty low and there are a lot of buyers looking right now. It is not uncommon for homes to get several offers the first few days they are on the market. As an example my latest listing in Patterson Ca, received 16 offers the first week it was on the market. So that means there were 15 disappointed buyers. It's very likely that you will make a few offers before you get one accepted. So be patient and know that everyone else is in the same boat.
The second reason that you will need a bucket load of Patience when buying a home in Stanislaus County is that it is very likely that you will be making an offer on a Stanislaus County Short Sale. While there is no standard time frame for a Stanislaus County Short Sale it can sometimes take as little as a month or as long as six months or more. Once you have made a successful offer on a home it may seem like things have ground to a halt. While it may seem that way there is actually activity going on behind the scenes that will take a while. This is when you will REALLY need that PATIENCE. It's very possible that you may wait for several weeks or months to hear an answer from the bank and that answer is NO. Fortunately that doesn't happen as often as it used to. Once the bank approves the short sale it's going to seem like things are flying along at the speed of sound now. Hang on tight you are heading to the finish line and your brand new home!
So just remember, when you are looking for your new Stanislaus County home, you are going to need a bucket load of PATIENCE but it is not impossible. Give me, JIM PATTON, a call at 209-633-2839 and we can discuss your home buying or selling plans. I look forward to hearing from you.
The author of this blog, Jim Patton, is a full time Realtor with Century 21 M&M and Associates. Jim is a Central California Short Sale Specialist who lists and successfully sells short sales throughout Stanislaus, Merced and San Joaquin counties. Call Jim Patton at 209-633-2839.
The views expressed herein are Jim Patton's personal views and do not reflect the views of Century 21M&M and Associates
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.