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Sheri Smith
- 7 Helpful Answers
- 9 Answers
- 6 Blog posts
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Experience:
Broker Associate/Relocation for Prudential Fox & Roach REALTORS
January 2006—present
Certified BUYERS REPRESENTATIVE and RELOCATION to all of South Jersey. "Representing…
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Certified BUYERS REPRESENTATIVE and RELOCATION to all of South Jersey. "Representing…
Specialties:
Representing Property BUYERS
Certified Relo Agent ... show more
Certified Relo Agent ... show more
Certifications
& Awards:
& Awards:
Accredited Buyer's Representative (ABR)
Graduate of the Real Estate Institute (GRI) ... show more
Graduate of the Real Estate Institute (GRI) ... show more
Interests:
I have a fourteen month German Shepherd who takes me to "people training" every
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About:
Broker Sales Associate
Certified RELOCATION Agent ... show more
Certified RELOCATION Agent ... show more
Testimonials:
"We moved across the country from CA to NJ and I only had one month to prepare. I could not have done it without Sheri's help and knowledge. She went
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Sheri Smith answered:
Let's remember the EXTREME appreciation curve that real estate went through from 2000 to 2007! With the historic norm of housing appreciation averaging approximately 25% in a five year period, from 2000 to 2007 we had an appreciation factor of 89%! This history alone will put into perspective that "short sales" normally involve someone who has bought during that time frame (some actually refinanced on top of that) and are now looking to sell their home. It is not that you are going to get such a great deal on your purchase...you are simply paying what the home realistically should be marketed for!
The problem with the market in Haddonfield for your scenario is that it has pretty much maintained it's value...
You are not going to find too many people who overpaid...and now cannot afford their payments.
My suggestion would be to look in other townships around the area, but again, keep in mind that you really are not getting a great deal with a short sale. You are simply part of the equation of helping the current owner
and the mortgage holder, get out of a difficult situation. You are not neccesarily getting a home at a great deal in terms of value!
Good Luck to you,
Sheri Smith
Sheri Smith, ABR, CRS, GRI
Broker Sales Associate
Prudential Fox & Roach Realtors
(856) 616-7006 http://www.sherismith.prudentialfoxroach.com
The problem with the market in Haddonfield for your scenario is that it has pretty much maintained it's value...
You are not going to find too many people who overpaid...and now cannot afford their payments.
My suggestion would be to look in other townships around the area, but again, keep in mind that you really are not getting a great deal with a short sale. You are simply part of the equation of helping the current owner
and the mortgage holder, get out of a difficult situation. You are not neccesarily getting a home at a great deal in terms of value!
Good Luck to you,
Sheri Smith
Sheri Smith, ABR, CRS, GRI
Broker Sales Associate
Prudential Fox & Roach Realtors
(856) 616-7006 http://www.sherismith.prudentialfoxroach.com
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