Hello Ray...
My name is Aaron Mendez and I live and work in the Sierra Del Oro area off of Green River. REO properties will give you an answer on your offer much faster than short sale listings (usually between 1 and 5 days). A short sale on the other hand can take longer because most of the time an agent listing a short sale, has not started negotiations with the bank. before they market the home for offers. Also, the price that is listed on the MLS might not be suitable for the bank....meaning....you could potentially offer full price on a short sale listing and still get countered by the bank for more money. Of course there are exceptions. I just successfully closed a transaction with a buyer on Mountainside (parallel to green river to the south). The process took a little over a month and a half but some of that was due to the buyers' financing. I'd be happy to help you out on your search and help you negotiate a great deal on a property in the area.
Feel free to call or email if you have ANY questions. I'm in this business for the long run, so whether it takes 2 months or 2 years...I'm here for you as a resource.
Best of luck.
Aaron Mendez
Corona Realty
951-531-7397
theaaronmendezteam@gmail.com
http://www.theaaronmendezteam.com - Mon Jun 2 2008, 16:58