Understanding Short Sales & Foreclosures For Buyers in Santa Cruz County

I am a Santa Cruz, Ca real estate broker for the past 20 years and manage my families brokerage. A large portion of the questions that i get asked on a daily basis have to do with short sales and foreclosures. This market segment consists of about 40% of our 450 annual closed transactions. It is not uncommon for a buyer to be in the middle of a transaction and have a lot of questions and concerns that do not adequately get addressed. It is important to understand the advantages and disadvantages of both short sales and foreclosures. Every transaction is different, alone with property condition/issues and buyers specific needs. I have written a document to help buyers answer some of these questions. Please view my understanding shortsales and foreclosures document. I have listed may of the advantages and disadvantages of each. This is a fairly complete list but I'm sure there are additional items. I encourage buyers to work with an experienced professional Realtor that understands the local market you are planning on buying in. Before writing/signing an offer for a property sit down with your agent and ask him/her to explain the entire process from start to close. Inquire about their past experiences with these types of transactions make sure they communicate well and are able to answer any questions you may have. For help or questions with short sales & foreclosures in Santa Cruz, Santa Clara, Monterey or San Benito Counties please contact us. View Santa Cruz Short Sales & Foreclosures for sale