Short sale properties have become more common in recent years and have become a part of the national dialogue when it comes to real estate and home sales. These properties represent challenges to both buyers and sellers and can also be a perfect decision on either side of the equation when approached correctly and with the help of an experienced real estate agent who understands the nuances of short sales.
While the short sale of properties in Danville is significantly lower than in other areas of the country and the San Francisco Bay Area, there is a short sale market here and home buyers are often looking specifically for these homes. The short sale market can be competitive and without the help of a practiced and skilled agent, can be difficult as well.
What Area Shortsales?
When approaching the idea of short sales (either as buyers or sellers) in the Danville area, it is a good idea to first understand exactly what a short sale is. A short sale is essentially a method by which a homeowner can reduce the principal balance on their home and can sell the home to be relieved of the debt, often without having to leave their home before closing. Short sales most often occur when some form of life changing event happens, causing the homeowners to no longer be able to afford their mortgage payments. Events such as illness or job loss are most common, and short sales allow a way for the homeowner to get out from under the large debt of homeownership and become unattached from the home.
The short sale process can take as little as several months and as long as two years and generally allows the homeowner to reside in the home throughout the process, if approached correctly. Short sales were not commonplace until relatively recently, and many realtors have has limited experience in this particular type of sale. It is imperative that you have the help of an experienced real estate agent or agency that ahs experience with short sales historically in the Danville market.
What Danville Short Sales Mean for Buyers
Short sales can represent a wonderful opportunity and fantastic price point for home buyers in the Danville area and the homes that are available after a short sale has begun tend to be offered at significantly lower prices. Home buyers looking for short sales most often use the services of a local area realtor with the appropriate connections and knowledge to help them find the best opportunities in their area.
Finding the Right Danville Short Sale Realtor
Steve Swepston has been a licensed and practicing realtor in the Danville area for more than 20 years and has amassed the network of contacts that can help Danville home buyers find the perfect property at the perfect price. Well known as one of the most client-focused and customer service oriented realtors in the Greater Bay Area, Steve has been helping clients find their homes in Danville and helping find the best pricing on short sale homes as well. With years of experience in the Danville real estate market, Steve has also helped many clients successfully sell their homes as short sales and remove the debt of homeownership during hard time.
Whether you are buying or selling in Danville and need help with short sale properties, call Steve Swepston at (925) 736-8900 today.
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