Roseville Short Sales Should NOT be Ignored
It truly surprises me that many local real estate agents discourage their buyers from making offers on Roseville short sales! Short sales are an opportunity for buyers to score a great home for a slightly discounted price. In a market with very little inventory, Roseville short sales are also giving buyers more options. It’s true that short sales take longer to close but if you’re a buyer, you are doing yourself a disservice by ignoring Roseville short sales!
Short sales account for the largest number of sold homes in Roseville. Last month, 57 short sales sold while only 32 bank owned homes sold and 48 traditional sales closed escrow. The average Roseville short sale sells for $127 per square foot compared to $151 per square foot for traditional sales. That’s a great discount! Short sales are usually in much better condition that bank-owned homes because they haven’t been left sitting vacant for months (or even years). You can pick up a bank-owned home for $124 per square foot but it’s sure to need some work.
If you’re considering buying or selling your home as a Roseville short sale, it’s important to work with an experienced agent who specializes in short sales. Short sales are very unique because the bank is involved. Short sale agents understand how to communicate with the bank, submit a complete offer package, negotiate terms, and follow-up consistently. Working with an agent who is inexperienced with short sales will jeopardize the short sale and at the very least, lengthen the time it takes to get a Roseville short sale approval.
See if you qualify to sell your home as a Roseville short sale.
Roseville Short Sales Should NOT be Ignored
Posted by Roseville Real Estate Agent – Allan Sanchez
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