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    Why a Short Sale may be the Best thing for your Relocation Plans

    Helping with short sales and relocations

    If you are considering relocating to another city, county or state, a Short Sale may be just what the “real estate doctor” ordered.

    With short sales, you will have the luxury of being able to view the property, most times, when it’s occupied.  You are also dealing with someone “the owner” that has information about the home that is in distress.  Versus dealing with a Bank Owned Foreclosure where all of the Real Estate Disclosures are stamped “REO Exempt”.

    Although some of the Banks are increasing their “shorts sale approval” time frames, you are still looking, for the most part, at a 6 month window from offer submittance to closing.  That may be just enough time for you to run all of the intel and gather all of the facts related to your real estate decision.

    The number of short sales is increasing as banks like the idea of getting rid of properties before taking ownership of them. One of the biggest hurdles to date with the short sale process has been time. The amount of time that it has taken to close a short sale deal has been roughly 9 months on average, frustrating to both the buyer and seller.

    Those buying short sale properties as an investment may have time to waste waiting for deals to close but many looking to move in to a short sale property do not. Banks have stepped forward to do their part in making the short sale process move along at a quicker pace, which is much more attractive to buyers.

    Banks have come to the conclusion that it makes more sense to offload distressed properties before they hit foreclosure. Once a property becomes bank owned the bank is responsible for upkeep and marketing while waiting for a buyer. Banks have never wanted to be in the role of landlord or seller and have thus come around. Today banks are working harder to help short sales come together in a more timely manner, and some banks are even offering cash incentives to home owners to move forward with a short sale to avoid foreclosure.

    Bloomberg News had written an article about the Banks speeding up the Short Sale process.  Have a read – click here!

    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.
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