Real Estate Recovery in Roseville, CA - 28 Days From Listing To Closing...On A Short Sale!
What are the two words in real estate that are most likely to generate a negative reaction from most people? If you guessed SHORT SALE - you're right! Those two words would get at least an eye roll, a disgusted groan or a long, drawn out "Eeeeeewwwww" from the majority of those who have experienced a short sale, no matter which side of the table they were on. The long periods of time waiting for the bank's response and the unsettled feeling everyone has while holding their breath to see what happens is not the way to get the warm-and-fuzzies from a real estate transaction. But I digress...
The Roseville short sale I recently closed (as the selling agent) was definitely NOT the type that gave those two words such a bad reputation. It was, in fact, a very SHORT short sale...28 days from the listing date to the closing date, to be exact. Wow! That's even somewhat amazing for an REO or a traditional sale. To me, this vast improvement in the world of short sales signifies a real estate recovery. It means that at least one bank has finally gotten their act together...and in this case, so has all other parties involved in the transaction (the cooperative seller, listing agent, cash buyer and selling agent).
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