Looking for the perfect home in Long Beach, CA isn’t as easy as it was in 2007. New real estate buyers must know how to navigate the online listings, as well as exhaust all other house-hunting resources to find the best bargain.
And though the government has implemented a number of homeowner programs, mortgage lenders and banks have repossessed another 398 homes.
With so many homeowners in trouble with their mortgages and many lenders trying to prevent more foreclosure inventory, homeowners may be able to find the best house for their budget by contacting a Long Beach Short Sale real estate agent.
Why Should You Contact a Short Sale Agent?
Currently, there are 822 Long Beach homes in pre-foreclosure. This means there is a lot of Short Sale competition in the Long Beach area. Our pre-foreclosure rates are still lower than other areas, but over 800 choices can be intimidating when you attempt to negotiate a Short Sale home purchase for the first time.
Purchasing at a pre-foreclosure is a viable option that helps both you and the seller meet your financial expectations. But like every other major life decision, buying a Short Sale has unique ups and downs that set it apart from relying on traditional house hunting and negotiation tactics. Regardless, using a Short Sale real estate agent is the best way to start your home search and should be your first real estate tool rather than your last resort.
What Are the Advantages to Buying a Pre-foreclosure in Long Beach, CA?
The biggest advantage of a Short Sale is the large margin for negotiation. Also, based on the pre-foreclosure numbers in the Long Beach area, most home buyers can pick and choose their new neighborhood instead of settling for a bargain home in a remote or undesirable area. If the distressed homeowner has received a Notice of Default or has been advised to put their home on the market as a Short Sale, you are more likely to settle on a price that satisfies both you and the seller.
Also, when you choose to purchase a home before the final foreclosure or auction phase, there is a better chance that the family is still living in, and maintaining, the home before you take possession. This usually means the buyer will conduct a home inspection or other due diligence and you may have the option to ask the owner to make any necessary repairs.
How Do You Get the Short Sale Listings Answers You Need?
Foreclosure listings do not offer full disclosure on a home before you choose to make an offer to purchase, so having a Long Beach Short Sale real estate agent on your team will help you get answers to the important questions and ensure you are getting the most house for your money.
Buying a pre-foreclosure takes a lot of time and effort, but hiring an experienced agent to be on your team will help you get the best deal possible in the least amount of time. A Short Sale buyer agent will help you understand all the property features, estimated repairs and landscaping, and ensure you negotiate a final price that works to your advantage.
If you have more questions about buying a pre-foreclosure house in the Long Beach area, feel free to contact me @ 562-364-9505 or mark@shandrowgroup.com
Sincerely,
Mark Shandrow
Real Estate Broker
office 562-364-9505 ext 100
mark@shandrowgroup.com
Shandrow Group
3970 Atlantic Ave., 210
Long Beach, CAÂ 90807
follow my story at http://markshandrow.com
