I've had very recent success in that price range with short sales. First thing's first though, there is not a huge selection at that price point and you have to have some flexibility with regards to size and location. The whole process is all about patience. For your specific situation it will take two doses of patience; one for the search, and the second for the short sale approval process. Good thing is you have a solid down payment and that will open up options for you. I am very successful in strategizing offers, the search process, and with informing people about what to expect. I also have all the resources you will need to optimize results. If you have not already found someone you are comfortable working with, I would appreciate the opportunity to speak with you more about it and offer help where I can.
Realtor, SFR, MBA
First, kudos to you for making the sacrifices necessary to save enough for a 20% down payment. Certainly, that makes you a stronger buyer than if you were trying to purchase a home with a standard 3.5% down FHA loan. In your price range it is fairly common these days to be competing with cash buyers and investors. That does NOT make it impossible to buy, it simply requires more patience on everyone's part. Many of my clients are first time buyers like you and I am extremely patient. I devote myself to making sure each and every client ends up in a property that is right for him or her, whether than is a $300,000 home or a $3,000,000 home. Each and every client is important to me.
My suggestion is to interview a few agents so that you can find one that you like and feel comfortable with. I encourage you to visit our website at http://www.dreamhomelink.com for more information about the various Pasadena neighborhoods and the home buying process. I can be reached at (626) 487-3678 or by e-mail at email@example.com.
Best of luck to you, I hope you find your dream home:-)!
I have successfully closed short sales and commend you on the fact that you have saved what you have and are moving forward-many never do. The short sale is a process, sometime a very s l o w process. You not only need agent to help you through that process, but one that has the resources to help you aqcuire the house even if it is too late and the property goes to auction - which unfortunately happens all the time. Most agents drop the ball there and start all over again,
Please feel free to follow up with me at the office. I will gladly show you how this works.
Scott W Burch
KW Residential/Commercial Associate
Ph 626.840.1111 Cell
Ph 626.204.3300 Office
2) It sounds like you haven't been talking to the right agents. The right agent will give you time and the attention you deserve regardless of price. And if a shrot sale is the right property for you, the agent will stick by you with the short sale and help you get your offer accepted and the short sale closed. Even though the sellers agent is usually the one processing the short sale, a buyers agent with the right connections can help move it along. For example, I have upper management connections at most of the major banks, and I've helped get my buyers' short sales approved. I also always follow up with the selling agent to ensure things are moving along properly.
3) The right agent will take the time to explain everything to you, be there to answer any questions, and show you as many properties as needed until you are confident you have found the RIGHT one for YOU.
I would be more than happy to meet with you and show you how I work, and can give you the agent experience you deserve!
Best of luck in your property buying endeavors,
Keller Williams Realty
#1 Buyers Agent, KW Los Angeles Region 2009-2010
(310) 482-0173, firstname.lastname@example.org
I work with buyers in the Pasadena area & have no problem helping clients in any price range - I am also a certified by the National Association of Realtors as a Short Sale & Foreclosure Resource (SFR). As a buyer, the short sale is not necessarily a hassle, you just have to be prepared for a possible long wait for a response from the bank and have to have patience. I show my clients both short sales and regular sales - in many areas short sales account for half the properties on the market, so an agent not wanting to deal with them are doing their clients a disservice. Congratulations on saving up for your down payment - having 20% down is a substantial amount. If you have any questions or would like to talk further, please feel free to call or email me.
Thanks, have a great day. Good luck with your house hunting!
Coldwell Banker Residential Brokerage