Short sales are fluid and constantly changing. What was true in a Sacramento short sale yesterday might not be true today. There are movements, though, that can be predicted. A movement I noted in January and everybody seemed to have pooh-poohed is the fact that short sales are slowing down. There are fewer short sales on the market because there are fewer short sales, period. Of course, this is the time that everybody and her uncles are gearing up to do short sales, courses in short sales are exploding on the real estate scene, banks are revamping how their borrowers are solicited for short sales and agents in droves are leaping aboard a short sale train that has pretty much left the station.
For the short sales that remain -- and yes, I still sell short sales even though my main focus today is in regular real estate because I changed direction last summer to meet the coming demand for traditional sales -- there is a risk factor for buyers that was not inherent over the past 8 years.
Read more in my professional blog on my business website about Today's Risk in a Sacramento Short Sale.
Happy 4th of July!!
Comments (8)Subscribe to CommentsComment