lompoc short sale Archives | Vandenberg AFB Homes

Santa Maria and Lompoc CA Short Sale Seller Tips

January 7, 2010
Vandenberg AFB Homes
Lompoc / Vandenberg Village, Santa Maria, Seller Info, Short Sale Info

Everyone in the Santa Maria and Lompoc housing marlet is talking about short sales these days. They love them, they hate them, they love to hate them, they. . . well you get the picture. There are a lot of opinions on them. One thing is for sure, if you are a short sale seller you should work with an experienced agent and obtain legal and tax advice before entering into a short sale arrangement. Short sales have significant financial, legal, tax, and credit consequences.

Are Short Sales Never Ending Bidding Wars for Buyers?

Are short sales never ending bidding wars? Yes, they can be. In general, short sales are some of the most frustrating transactions for sellers and buyers. And, it is almost inevitable in this market that buyers will consider a short sale while looking for a new home. The market is simply loaded with short sales, and sometimes they sit there for months awaiting bank approval. So while buyers wait for the next bank owned listing to pop on th market, they tend to hash and rehash the short sale inventory.

Short Sale Seller Tip – Which Offer Should I Select?

Short sale sellers are routinely receiving multiple bids on their properties given the current limited inventory in many markets on the central coast. Inevitably, the question arises -- how do I choose which offer to present to the bank? Several factors are important and short sale sellers should reflect on them when deciding which offer to present to their lender: