Santa Barbara Real Estate Voice
The obvious lure from a buyer's perspective of both short sales and REO (real estate owned) properties is the chance to get a property at a discounted price.
Here in Carpinteria, Goleta and Santa Barbara, this opportunity does exists, but not without its pitfalls. The best way to deal with these pitfalls is to get educated about the most common "issues/nightmares" that come with these deals. Although there are many factors to consider...the biggest for most tends to be TIME.
TIME - The most crucial asset we have in life. When dealing with both short sales and foreclosures here in the Santa...
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| Apr 2nd |
Any Great Short Sale Opportunities in Santa Barbara and Goleta CA? |
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2008
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Categories: Buyer's Resources & Advice, Short Sales |
Over the last 4-6 months we have started to see an increase in the amount of short sales and foreclosures here in the Santa Barbara area...especially in the Goleta and Carpinteria areas. Almost all of these have predominantly fallen into the price point from $250,000 to $800,000.
Question - Is a short sale a great opportunity to buy a home for cheaper than market value?
Answer - It can be if you have the time, patience and the wherewithal to deal with a lot of potential frustration, uncertainty and waiting?
What is a short sale? - A short sale is simply an unfortunate situation where...
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