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The Dirty Little Secret That Your Sacramento Short Sale Agent Might Not Share
It seems everywhere you look there is sobering news. For example, ZipRealty lost more than 1/4 of its agents this year as it reported a $4 million fourth-quarter loss, according to Inman News. I like working with ZipRealty agents as a Sacramento short sale agent, because they are generally fast on the turnaround and get me the documents I need from their buyers when I needed that paperwork yesterday. Not every buyer's agent in Sacramento offers that kind of service. So, I think it's sad that ZipRealty is shedding agents.
I also read that CoreLogic released a report yesterday that shows 43% of all homes in the Sacramento area are underwater homes. That's huge. The percentage statewide is 32%, meaning that one out of 3 homeowners in California owe more than their homes are worth. But don't feel so awful for Californians. In Nevada, that number is 65%. Short sales are pushing norms for the market.
Not a day goes by when somebody doesn't call me about doing a Sacramento short sale. Some of these calls are from sellers who are very unhappy with their existing short sale agent and want to know if they could list with me. Much of ... more

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