Short sale vs REO

In Willow Glen, only 18 short sale SFR homes are active. Only 7 REO homes are active. These are the bargain hunters homes.

Sure, Bank Owned property closes fast, but the Short Sale can be the better buy if you really need to stretch your budget.

I recently closed a short sale home that I had listed. The buyer was great and waited about 3.5 months for me to negotiate a deal with two lenders.

Earlier that year, the buyer had bought a foreclosure home for her son. It turned out there were lots of things wrong with that home. It ended up costing her more money than a regular sale home.

Now she saw the virtue of Patiently Waiting for her short sale home.

For her 3.5 months waiting, she got a really nice home with full disclosures. The yard was over grown, but the house was delivered nice and clean.

If your budget is in the $500,000's, you can get a real beauty at www.foxworthyave.com.

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