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Short Sale Approach

Reblogger Todd Moeller
Real Estate Agent with Seven Gables Real Estate

 

Original content by Nancy Moeller BRE 01727426

For the patient buyer who wants to find the right home, a short sale can be the answer. We have partnered with a professional short sale negotiation team who have successfully completed 94% of our short sale transactions in the last year.

One unique approach we take with our short sales is to submit only one offer to the bank that we can support based on recent comparables. This way, the buyer knows that they cannot be outbid after months of waiting. Of course, we continue to collect "back up" offers in case the buyer does not stay with us.

Today (January 16), we are holding our newest short sale listing open from noon to 3. Please stop by and see us at 19672 Monteano Lane, Yorba Linda. This wonderful condo is 3 bedrooms, 2.5 baths with a 2 car attached garage. It's in great conditioin with wood floors, new counters, new applicances and recessed lighting.

If you know anyone who is facing foreclosure, please urge them to visit us at www.ZeroShort.com, stop by our open house or call me directly anytime at 714 276-7006.

If you know someone who is looking for a great value in today's market, please have them visit www.OCBankDeals.com to register for bank owned and short sale property alerts.

Nancy Moeller, CPA, Real Estate Broker

Seven Gables Real Estate

License #01727426

www.TheOCExperts.com

www.ZeroShort.com

Direct: 714 276-7006

Fax: 714 917-2293

Show All Comments Sort:
Jeff Stone
Douglas Elliman - Port Washington, NY
Seniors Real Estate Specialist

Hi Todd, yes 'Short Sales' can be worth a buyer's time if of course they don't mind waiting. The buyer will need a good measure of patience though because bank approval can take 2-3 months after the property has been deemed a 'Short sale'. My last short sale took 9 months only because we had a 'professional' tenant on our hands and the seller's attorney and I had to go to Landlord/Tenant court. It had all worked out because we knew the deal going in and kept in constant contact with all concerned. One offer into the bank at a time is the only way to go. Good post, thanks.

Jan 16, 2010 02:30 AM