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Short sales help sellers, buyers, agents and banks too

By
Real Estate Broker/Owner 01293735 CA

I have been doing short sales for over 5 years now. Through this time I have seen short sales help sellers but having less impact to their credit, being able to stay in their home free of payments for some months to save money for a rental, and less impact to their credit than a foreclosure. 

I have seen short sales help buyers too. Buyers get a lower price and usually the homes are well maintained.

Real estate agents learn skills in working with distressed home owners and banks and also are able to make good commissions where in most cases the sellers do not care about the price of the home. Sellers just want to get rid of the home with as little hassle as possible.

Banks like short sales as the price of the homes is usually higher than foreclosures and there is less work and maintenance for them.

Short sales are a win -win - win for everyone in a distressed situation 

Posted by

 LORI BOWERS

http://www.loribowers.com

The Lori Bowers Group

A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs

La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.

78120 Calle Estado Suite 103

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)8311595• Fax: (760)771-5327

Comments (2)

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Short Sales are becoming more desirable as supply of REOs decline.

Apr 29, 2012 01:05 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Short Sales can work if all parties work them....I have one now where the investor cannot come to terms with the word SHORT already....but he will soon enough

Apr 29, 2012 01:18 AM