Short Sales

Short Sales

Short Sale Homes are becoming the dominate part of the Market in East Contra Costa County. If you are Searching for a Home in Brentwood, Oakley, Antioch, Discovery Bay, Pittsburg, Bay Point, Knightsen, Byron, and Bethel Island you will need to consider Short Sale Homes and how they will fit into your Home Search.

What is a Short Sale:

A Short Sale is when someone tries to Sell a Home for less than they owe on it. The Home Seller request permission from the bank to do this without having to make up the difference out of pocket at closing.

Selling a Short Sale Home:

Selling a Home in a Short Sale can be a smart thing to do if you need to sell and/or cannot afford your mortgage. Short Sales can take a long time and require a lot of work. There are lots of considerations including tax consequences, damage to credit (A Short Sale can be easier on your credit than a foreclosure.), when you can buy another home, and other financial impacts.

Buying a Short Sale Home:

Buying a Home in a Short Sale can be a challenge but has some advantages. Generally they go for good prices. Frequently they are in better shape than Bank Owned Homes. However, they can take longer and there is more uncertainty than with other types of sales.

Alternatives to a Short Sale:

Short of just letting the home be foreclosed on there are Alternatives to Short Sales to help you keep your home. There are new modification programs and sometimes banks will work out a plan to save the home with you. Furthermore there are a number of different Short Sale Plans that can include pre-approval from the bank and cash when you sell. Home Point Real Estate provides Free Consultations with Certified SFR (Short Sale & Foreclosure Resource) agents.

More Short Sale Information:

Home Point Information Provides Short Sale Reports for Sellers and Buyers. If you are considering a Short Sale you should Request the Free Home Evaluation and provide your address. Most importantly if you are considering Selling your Home in a Short Sale you should consult with an SFR.

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19 Facts on Selling a Short Sale Home
15 Facts on Buying a Short Sale Home
Free Consultation with SFR
Free On Line Home Value Report

I Just Want to Search for Homes:

Here are all the Short Sale Homes for Sale in East Contra Costa County; including Brentwood, Antioch, Oakley, Discovery Bay, and Pittsburg to take a look at. If you want to see other others just click on a home and do a search. Or for more information give me a call at 925-260-4321.

Short Sale Homes

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