Who Pays the Fees for Roseville Short Sales?
This is a questions I often get from Roseville short sale sellers. Most people who short sale are in a tough financial situation. At the very least, they owe more on their home than it's currently worth. They don't want to pay any money to short sale their home. Roseville short sale sellers don't have the means to pay transfer fees, closing costs, or agent commissions. So, who pays the fees and costs for a Roseville short sale?
Technically, the sellers do pay the fees associated with a Roseville short sale. However, these fees do not come out of pocket. They are paid out of the sales proceeds from the buyer. Let's say you get an offer on your home for $300,000 and short sale fees total $22,500. The job of your Roseville short sale agent is to submit the offer to the bank and break down the total cost of the short sale. If the bank approves the Roseville short sale, they are agreeing to accept $300,000-$22,500 or $277,500. All fees are paid in escrow and the seller doesn't have to pay anything up front or out of pocket.
Roseville short sales are very different from traditional sales. In a short sale, your agent will submit a complete offer package to the bank, negotiate on your behalf, and consistantly follow-up. Real estate agents without short sale experience do not understand how to do this and often jeporsize the short sale. Talk to a Roseville short sale agent with experience if you are considering a short sale.
See if you qualify to sell your Roseville home as a short sale.
Who Pays the Fees for Roseville Short Sales?
Elk Grove Short Sales SOLD by Allan Sanchez
Elk Grove short sales are very different from traditional sales. In a short sale, the seller owes more on the home than it's currently worth. Their lender must agree to sell the home for less than the loan and except the sales price as payment in full. The short sale process is tedious without an experienced Elk Grove short sale agent handling the paperwork, negotiation, follow-up, and many questions that are sure to come up.
Most people choose to short sale because their home's value is substantially less than their mortgage. Additionally, trying to keep up with the mortgage payments create some kind of hardship, or a situation exists in which it's difficult to keep the home. Short Sale hardships include:
If you are considering selling your Elk Grove home as a short sale, no doubt you have many questions. It's important to confide in an Elk Grove real estate agent with plenty of short sale experience. They will insure your short sale is as smooth and successful as possible.
Elk Grove short sales sold by Allan Sanchez:
See if you qualify to sell your Elk Grove home as a short sale.
Elk Grove Short Sales SOLD by Allan Sanchez
Folsom Short Sale Approved & Foreclosure Postponed
Many people don't know that starting the short sale process will postpone a foreclosure date. 1572 Thurman Way is my latest Folsom short sale approved by Bank of America. This Folsom home had a foreclosure date of March 15th but because a short sale was initiated, the foreclosure has been delayed and will sell as a short sale instead!
Folsom short sales are much preferred for most sellers compared to walking away and letting the home go to foreclosure. In a short sale, credit scores are less damaged. Sellers can also qualify to buy a home in 2-3 years compared to 3-5 years with a foreclosure. In a short sale, seller's can stay in the home until it closes and not be worried about the uncertainty of a foreclosure. Short sales provide much more control and are usually less emotionally damaging than a foreclosure.
If you are considering selling your Folsom home as a short sale, it's important to work with a real estate agent who specializes in short sales. Short sales are very different from traditional sales because the bank is involved. Folsom short sale agents know how to negotiate with the bank on behalf of the seller, submit a complete short sale package, follow up regularly, and push for a short sale approval. Agents without short sale experience don't know what to do once they get an offer and can jeopardize the short sale by wasting valuable time trying to figure out how to proceed. Interview a few agents to pick the best one for you!
See if you qualify to sell your home as a Folsom short sale.
Folsom Short Sale Approved & Foreclosure Postponed
Rocklin Real Estate Agent - Allan Sanchez
As a long time resident of Placer County and real estate agent for the last 13 years, Rocklin is my favorite area to sell real estate! Rocklin is the quintessential, family-oriented neighborhood with a variety of houses, highly-ranked schools, lovely shopping areas, and lots of city pride! Its hilly streets and mature trees give off a happy vibe that's hard to repeat in other local areas.
With the current economy, Rocklin real estate agents are seeing the best deals in many years, maybe ever. The average home price in Rocklin is now $270,000, down over 14% from the same time last year. The best deals are coming from Rocklin short sales, which offer buyers discounts of 15% off traditional sales.
If you want to buy or sell a home in Rocklin, it's important to work with an experienced Rocklin real estate agent who regularly looks at Rocklin homes, recent sales, and maintains good relationships with other real estate agents in the area. That's the best way to insure a smooth sale, a great deal, and fewer headaches and stress. Rocklin real estate agents with experience know how to handle the unusual situations that come up and the many questions that you're sure to have.
Read about how to interview Rocklin real estate agent's to find the best agent for you!
Here are some of the most recent Rocklin sales by Rocklin Real Estate Agent, Allan Sanchez:
5139 Par Place, 95677 near Whitney Golf Course
2629 Catalina Court, 95765 in Stanford Ranch
4648 Mountaingate Drive, 95765 in Stanford Ranch
5756 Terrace Drive, 95765 in Stanford Ranch (pending sale)
Rocklin Real Estate Agent - Allan Sanchez
Short Sale Agent Lincoln - Sold by Allan Sanchez
These days, there are some amazing details on Lincoln short sales. Take a look at my newest sold Lincoln short sale! 2000 Las Palomas Loop is a newer townhome with 3 bedrooms, 2.5 baths, and 1,520 square feet. It has a two car garage and nice upgrades including granite counter tops. This is the best deal in the area and sold for $120,000.
As a Lincoln short sale agent, I've had a lot of experience negotiating with several different banks. This was a short sale with Chase. Chase is one of my favorite short sale lenders to work with. The are organized and issue quick approvals. They so have high standards regarding paperwork and that's why it's important to work with a Lincoln short sale specialist if you are considering selling your home as a short sale. Experienced Lincoln short sales agents understand how to best negotiate with the bank, submit complete paperwork, answer your short sale questions, and consistently follow-up with all parties to insure a smooth sale.
See if you qualify to sell your Lincoln home as a short sale.
Short Sale Agent Lincoln - Sold by Allan Sanchez
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Allan Sanchez is a Real Estate short sale agent in Roseville, Rocklin & Sacramento CA. Allan has helped buy and sell over 600 homes including traditional & short sales in the Greater Sacramento Area.
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