Purchasing a short sale in Walnut Creek California may result in instant equity, but be aware the personal price you pay may result in a few extra grey hairs and some stressful days and weeks.
Short sales are not timely transactions as are other real estate deals. In this situation you are making an offer to a bank who is negotiating behind the scenes with the seller and basically working on their own time frame, not yours! When making an offer on a standard resale it is common to contractually request a response within 48 hours and expect a timely response. Not so with short sales in Walnut Creek CA. A buyer may/should embed an expiration date into the offer, but the bank is under no obligation to respond within the requested timeframe. Delays by the lender may require that new offers be submitted while the lender has reserved the right to accept other offers.
Instant equity may also be found in traditional resales of existing homes. Some motivated, realistic sellers currently in the market provide buying opportunities by pricing their own homes to sell quickly as they too want to take advantage of today's low interest rates and move up to a larger home. Contact Vickie Nagy at (925) 407-7987 for more information on short sales and other deals in Walnut Creek California.
When buying or selling Walnut Creek CA real estate, contact me as I am a skilled agent, offering extensive area knowledge and strong negotiation skills and am truly focused on "Getting You Where You Need to Be!"
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