About San Marcos' Coronado Hills

Coronado Hills San Marcos Short Sale Agent

If you live in Coronado Hills San Marcos and need to sell your home right now, you may find that you need to sell your home as a short sale.

What is a short sale? Short sale is the new buzz word or phrase of the last few years, although short sales have actually been around for awhile. A short sale on a home occurs when a borrower or homeowner owes more on the mortgage then the home is worth. In this kind of transaction, the seller’s lender (or lenders) need to approve the transaction because they are receiving less than what is owed on their note. Generally, the banks agree to settle the debt for less than what is owed.

The homes in Coronado Hills San Marcos that were purchased and sold in the last ten years have seen a significant increase (and then decrease) in value. As such, it would not be unusual for a homeowner in Coronado Hills San Marcos to owe more on the home than their property is currently worth (also know as being upside down).

Now, just because you are upside down on your mortgage in Coronado Hills San Marcos does not necessarily mean that the bank will permit and approve a short sale of your property. Usually, the seller in a short sale transaction has a verifiable hardship or some other documented reason that the home needs to be sold right now.

When hiring a Coronado Hills San Marcos Short Sale Agent, you will want to be sure to hire the best man (or woman) for the job. So, you will need to do your homework. Ask prospective agents the following questions:

• How many short sales have you listed and closed in the last year? (You will want to check into the response using the Internet or other sources. In fact, I recently learned that the average agent in North San Diego County only closed five transactions in 2010, so keep that in mind when interviewing agents.)
• What is your experience with my mortgage lender? (Here you will want concrete details. How many short sales has the Coronado Hills Short Sale Agent closed in the last year with your mortgage lender? Do they have any special contacts at that bank? What is the time frame for this particular lender?)
• What will it cost to list the short sale? (Here I will caution you not to listen for the answer you want to hear, but to listen for an answer like the following one. The bank pays the agents’ commission in a short sale. However, there may be other costs associated with the transaction that the bank will not pay. Or, depending upon the investor or the seller’s finances, the bank may ask for a small cash contribution. We will not know the exact cost until we are towards the end of the negotiating phase of the short sale transaction. If any Coronado Hills San Marcos Short Sale Agent is telling you that the short sale is free, run like the wind.

So far this year, our office and our affiliated third party short sale negotiation company have obtained over 500 short sale approval letters. We have worked with all of the major lending institutions and know what it takes to get a short sale approved.

If you are looking for a Coronado Hills San Marcos Short Sale Agent, Broadpoint Properties would be a great place to start your search.

Photo: flickr Creative Commons by terren in Virginia

Seriously, wouldn't you like to come home after a hard day at the office and enjoy the view from this rear entertainment patio located in the Coronado Hills community in San Marcos, CA? Just look at how far you can see...and this is a daylight view...it is almost more spectacular in the evening! That is what this community is all about - the views!

And what kid, big or small, wouldn't just love to come home and work off a little steam on this great side play yard and pretend to be king/queen of the hill...with views like this, you feel like you could rule the world! You don't have to be in your primary years to enjoy this play yard, it would just as nicely transform itself into a lush putting green! Coronado Hills in San Marcos, CA is the place to enjoy the view for kids of all ages :-)

In a side yard that one home owner decided was perfect for her raised vegetable garden in Coronado Hills, San Marcos, CA - the views are astounding! Who wouldn't want to spend time out here weeding and nurturing their plants when they, themselves, feel so nurtured by all that nature has to offer?

The Estate homes located in Coronado Hills in San Marcos, CA are definitely a cut above the rest...gearing themselves towards those who know the value of peace, tranquility and relaxation, while still having fun with life and being city close. I highly suggest if you or someone you know are in the market for a new home in North San Diego County, that you consider the Coronado Hills community...it's close to the university as well as the new medical center currently being built.

The home that affords us these lovely views that I have shared with you in this post is from a pending listing of mine on Seeforever Drive (that's right, the name says it all!), in the Coronado Hills subdivision in San Marcos, CA - if you would like to see more about this home, you can see lovely inside photos here.