Due to the great improvement in the housing market in the entire Bay Area which includes Vallejo, it has now become a "seller's market." A few years ago I was able to get both a great price as well as closing cost help for my buyers. Now, due to very low inventory, and lots of buyers out looking for homes, I ask my buyers to make their highest and best offer, and not to ask for closing costs. You are trying to get your offer to be the best, i.e. the seller whether it be a bank, short sale or regular sale will be looking at the highest net price for their property.
Every short sale and every bank owned property sale is "different." I have done several Bank of America and Wells Fargo short sales and each transaction was different, you can really count on a previous sale with a bank being a good transaction profile for the next deal you may get involved with.
My best advise for March 15,2013 If you really like a property, go in with your highest and best, ask for as little concessions as possible and be prepared that a decision may take longer than 72 hours, buyer's will no longer be able to dictate the terms. Prices are still so much lower than they were 6-7 years ago at the "high" so you will be still getting a great deal, not to mention that interest rates are at an all time low! Please feel free to call me if you are currently not working with a real estate agent. Julie Lyons 707 246-3716