Advice for sellers: Banks are committed to moving more distressed homes through the pipeline. That will cause prices to remain in check. Be prepared to be flexible with your price if comparables come in low. If you are a seller of a “short sale,” your position has improved. Banks are making it easier to sell short, but you must be prepared with comparable home sales. Ask your Prudential California Realty sales professional to help you negotiate a “short sale” price for your home, so you can market your home with more confidence, knowing the bank will approve.
Joel Blumenfeld, REALTOR | Prudential California Realty – San Diego Real Estate | firstname.lastname@example.org | 619-508-2192