If you are considering a short sale instead of walking away, this may be the most important news you read today. As of today, at the end of 2011, short sales comprise 30% of the residential real estate market. The average number of days on the market is less than 30. Traditional home sales average 90-180 days on market. Traditional listings are over-priced for the market by at least 10%, most of the time and usually sell at 90% of their list price.
There has been much banter about 2012 being the year of the short sale. Just may be the place to be
Hello Brenda. Great post!! If you don't mind I will re-blog. We are in a similar market here in South Florida and we have already seen a slight rise in Short Sale listings during the last couple of months. Thanks for sharing.
I am not sure that this is a good sign. My experience is that the banks are not organized enough to make a decision in a reasonable amount of time.
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