Dyanna

Anthony you are already getting a good deal if it is a short sale, thats why they call it short, you get the property for much less than the original owner owes. What you are trying to do is get a BETTER deal, well that time has come and gone! The bank is not going to give you a better price on the property, if it is taking longer it is because they need to cross their T's and dot their I's before closing the transaction because it is a short pay off. If you have already signed loan docs chances there is an approval but something else is holding it up and that is up to your relator to find out! Things don't always go according to plan, but be happy you have gone this far many buyers get in to escrow and never see loan docs because there is no approval at all. - Earlier today

Patti, what you really need is an agent that sepcializes in senior living. I have someone that works strictly in these communitties and you should really interview her , I know she will be great she has sold over 2 million in these types communtities.

Good Luck!!
Dyanna - Yesterday, 17:26

Hello Juan. I took a look at the comparables and I think your home might sell at about $330-350K, this is without seeing it and assuming everything is in decent shape. Of course you are most likely going to have to credit the closing which would be about 3% of the purchase price. Now as far as asking for more things, well it depends on the condition of the home and the inspection, but you aren't going to have to do it. When buyers ask for credits its all negotiations and you have to make sure you have an agent that is going to negotiate well for you. I have an office in Bellflower, e-mail me and maybe I can help you in selling your home, dyannaavila@hotmail.com.

Good Luck!!
Dyanna Avila - Yesterday, 10:10

Felix is the property an REO/Foreclsoure? If it is then the bank is the new owner and is re-selling it. It usually takes about 2-3 months for a property to come back on the market when a bank has foreclosed on it and that is the time frame you are describing. - Fri Aug 8 2008, 16:39

Recent economic developments indicate that California may be the first state to find the bottom, based on the increase in sales volume in the previous three months. In June, home sales rose for the third consecutive month, following a 30-month decline. Although approximately 40 percent of the transactions were foreclosure sales, the increase is allowing the market to stabilize by depleting some of the excess inventory. Some experts believe that once a neighborhood's median home price declines to 50 percent from the peak value that the homes in that neighborhood will no longer depreciate.

I cut and pasted this from the CAR website. We ARE on our way up!!! Of course the prices are going to be lower than they were, thats a given it doesn't take genius to know that, but sales are up! Prices are going to be low due to the foreclosures, but that is a good thing because more and more people can afford to buy. - Fri Aug 8 2008, 12:50

I agree with you. I work with REO's and short sales and I have multiple offers of all of the properties I put on the MLS. This upkick is in part to the great work the buyers agents are doing with bringing their clients to look at all of these homes on the market. The listing agents are doing a great job on educating themselves in regards to foreclosures/short sales and pricing accordingly. We are all out there looking for business and it is finally paying off. Let's keep it positive and let's all keep up the great work!!

Good Luck!!!!!
Dyanna - Fri Aug 8 2008, 12:21