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San Diego Short Sale

By
Real Estate Agent with Team Aguilar Real Estate BRE# 01340646

 

After reading this, please visit our website at San Diego Short Sale - Team Aguilar. 

If you are considering a real estate short sale don't be so concerned with the sales price. If yo end up selling your home you are not going to walk away with any proceeds because you are short selling your home. The short sale process is so different then a typical sale and you need to be more open to setting a much lower listing price to attract a buyer. You need to know that your lender wont consider a short sale if you don't have an offer and if you don't have a aggressive sales price you wont get any offers. You walk a very fine line when you are trying to determine what you should sell your home. You definitely need to be much more aggressive and attract as many offers as you can so take it easy on the sales price. Ultimately your lender will decide what purchase price they accept so be aggressive.

Typically, when we take a short sale we make it very clear that if the home owner isn't willing to set a aggressive sales price it wont make sense to take the listing because you will spend countless hours marketing a home that wont sell in a difficult market. When you look at the real estate market as a whole the property that is being sold is being offered at very aggressive prices.

If you are thinking of short selling your home please take some time to evaluate all of your options. Don't fall victim to so many of the real estate / foreclosure scams that are out on every corner of every street. You know the signs that say, "We Buy Homes For Cash", "Stop Foreclosure" and so many others that claim to be here to help you get out of a difficult situation. Unfortunately many of the scam artist come out and prey on people in a difficult situation. I can't tell you how many victims we have encountered that signed over their home leaving them with very little power to fight back. Last month we dealt with a family that wanted out of their home. They met someone that claimed they would take over the payments and get the property sold to an "Investor" they had ready to purchase the property. They were told that this was their only option and their only way to avoid the foreclosure showing up on their credit. This scam artist did nothing more then deed the property over and proceed to rent the property out for the next 6-8 months while he collected the rent payment every month of $2,200 and never made a single payment.

If you are faced with a difficult situation make sure you take some time to explore all of your options. If you think a short sale may be the best option available, deal with a realtor that has experience dealing with short sales. Don't fall victim to inexperience!!!

We offer short sale services in San Diego County. Within San Diego county we have short sales currently for sale in many of these city's and also offer real estate short sale services in the following city's.

800-332-1687 - info@teamaguilar.com
Alpine
Chula Vista
Clairemont Mesa
Downtown
La Mesa
Mira Mesa
Mission Valley
National City
Otay Mesa
Rancho Bernardo
Rancho Penasquitos
San Ysidro
Scripps Ranch
Serra Mesa
Solana Beach
Sorrento Valley
Torrey Highlands
University Heights

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Tara Colquitt
Tara Colquitt, The Credit Woman, LLC - Philadelphia, PA
Credit Counselor

Aquilar: What average percentage on the dollar are you getting in San Diego County at this time?

 

Jan 29, 2008 04:49 PM
Clark Garrison
Taylor 1 INC - Atlanta, GA
"Loan Modifications"

Hi Alex,

I agree with you 100 percent that there are many scam artist out there that are lying in wait for helpless Americans who only want a better option than the currently have. However, Realtors are not the only options those Americans have. There are many legitimate companies all over the US that offer support, consulting and options against Foreclosure (including short sale) yet they are not just "Realtors". It is more advisable for those in need to check references and past business practices to protect themselves. In other words do your homework.  Of course this is just one person's opinion.  

Jan 31, 2008 12:30 PM