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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| May 23rd |
Basics of a Short Sale with Regards to Real Estate in Santa Barbara CA. |
|
2010
|
Categories: Foreclosures & Bank Owned, Short Sales |
If you are in a financial position that you are behind on your mortgage payments or are simply considering not making these payments because the value of your home has dropped below the open market value, then you are most likely considering the potential option of a short sale of your home. If so, then most likely you are also wondering how the whole process exactly works and how it will unfold. There is no need to feel confused as most of the steps are very basic.
Deciding that it is best for you to sell your home and get...
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| Apr 2nd |
Any Great Short Sale Opportunities in Santa Barbara and Goleta CA? |
|
2008
|
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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