Buyers, take note. Have you been hearing that Short Sales are the dregs of the market? Are most of you hearing that Short Sales are not worth pursuing? Well, I’m here to tell you that this mindset has created an opportunity for some. If what most people think and say is creating a surplus of “unwanted transactions”, then wouldn’t it be true that the law of supply and demand would also be at work here? I’ve been suggesting to my buyer clients that if they want to find equity in the purchase of their new home, they should consider a Short Sale. If the time to close escrow is not pressing, then you have an opportunity to wait and let the Realtors hammer out a deal for you. But be careful who you share this with. As soon as other buyers realize that “hating short sales” may cause then to miss the boat, the demand will go up and then prices will follow. In fact, if you want to jump on board, let’s keep this between us for now. Then after you move into your new home, start telling everyone how fantastic your Short Sale transaction was. And that will increase your equity even further! Come on, let’s go hunting!
Leslie Cross – Realtor Associate
DRE Lic# 01277174
Mobile: 626 399 6622
