Sacramento FLIP in Vineyard-SOLD By Real Estate Agent Allan Sanchez
Sacramento FLIP in Vineyard-SOLD By Real Estate Agent Allan Sanchez
My Sacramento buyers are thrilled to have just closed escrow on this home in the Vineyard area! 7979 Double Eagle Way is a large and well planned 1 story home in the Vineyard area of Sacramento, 95829. This home was a flip and the investor did a beautiful job restoring the home to its current condition. With 3 bedrooms, 2.5 baths, office, 2,800 square feet and a pool, this Vineyard home was a great buy for $339,000.
Vineyard is a great area of Sacramento, near Elk Grove. It has a more rural feel with larger homes and lots than the surrounding areas. As a Sacramento real estate agent for the last 13 years, I have sold close to 50 homes in 95829. With the declining economy, Vineyard has seen it’s fair share of declining real estate prices. Many buyers are seeing this as a terrific time to upgrade into this sought-after and high end neighborhood. Currently average home prices in 95829 are around $200,000 or $105 per square foot.
Find out the value of your Vineyard home or see other Vineyard homes currently for sale!
Sacramento FLIP in Vineyard-SOLD By Real Estate Agent Allan Sanchez
Posted by Vineyard Real Estate Agent – Allan Sanchez – www.AllansHomes.com
JUST SOLD Elk Grove Short Sale – 7012 Springmont Drive
JUST SOLD Elk Grove Short Sale – 7012 Springmont Drive
It was a Merry Christmas for both the buyers and sellers of this Elk Grove short sale with Chase bank! The sellers who were relocating got out from under a house they could no longer use and the buyers scored on a great home that they will be renting out to support their retirement. This Elk Grove short sale had a few challenges, as most short sales do. That’s why it’s important to work with an experienced Elk Grove short sale agent when you are buying or selling your home as a short sale.
The sellers of this Chase short sale listed this home back in the Spring of this year because they wanted to get the ball rolling. They heard that sometimes short sales take awhile to get approved. However, they weren’t ready to move yet and needed to stay in their home until their job transfer went through. We came up with a strategy to list their home a little high so that I could start the short sale process with Chase. This prevented any serious offers. When they were ready, we dropped the price to market value and the home got a great offer right away.
Chase is my favorite short sale lender because they have great communication with agents. I was able to get a short sale approval in about a month and we closed escrow about 3 weeks later. This is a great example of a successful Elk Grove short sale that we worked around the seller and their time-line. One of the reasons we were able to do this was because the sellers gave themselves plenty of time to short sale. It’s better to start sooner than wait until the last minute and risk foreclosure.
See if you qualify to sell your Elk Grove home as a short sale.
JUST SOLD Elk Grove Short Sale – 7012 Springmont Drive
Posted by Allan Sanchez – Elk Grove Short Sale Expert – www.AllansHomes.com
Sacramento Short Sale Seller Gets $28,000 from Chase Bank
Sacramento Short Sale Seller Gets $28,000 from Chase Bank
I just closed escrow on another Chase short sale in Sacramento. Usually that’s enough reason to celebrate but this time there is more. My client received a check from the title company for $28,000! $3,000 was because we sold his house as a HAFA short sale and $25,000 was from Chase for choosing to short sale instead of going to foreclosure. A year ago, I couldn’t have imagined a lender paying that much money to a short sale seller. Now, I’ve seen for myself that it’s true.
This all started over the summer. I was contacted by my client who received a letter from Chase explaining that if he sold his home as a short sale, he would receive $25,000 from Chase when it closed. I listed the house and we got a good offer. As a Sacramento short sale agent I’ve sold 100′s of short sales and REOs. I know how to submit a complete short sale offer to Chase so that they will grant a short sale approval. When I got the short sale approval letter, I was anxious to know…did it mention the $25,000? It sure did! It also said the Sacramento short sale was HAFA approved and my client would get an additional $3,000!
This got me thinking! Why was my client eligible for the Chase short sale incentive while so many other Chase short sale sellers are not. I did a little digging and here’s what I found:
- You must have negative equity in your home.
- Chase will contact you with the incentive letter if you apply.
- Incentive amount can range from $10,000-$35,000.
- It appears that the loans that qualify used to be Washington Mutual loans, now owned by Chase.
If you receive a Chase short sale incentive letter, it’s important to work with an experienced short sale agent in order to accomplish a successful short sale. The incentive is a big opportunity for a fresh start. Don’t risk your incentive by using an agent inexperienced with short sales and the paperwork , negotiation, and follow-up that they entail.
Find out if you qualify for a Sacramento short sale.
Sacramento Short Sale Seller Gets $28,000 from Chase Bank
Posted by Sacramento Short Sale Agent – Allan Sanchez – www.AllansHomes.com
Roseville Short Sales – The Latest from Short Sale Agent Allan Sanchez
Roseville Short Sales – The Latest from Short Sale Agent Allan Sanchez
As 2011 winds down, I want to give you the latest Roseville short sale statistics. As a Roseville short sale agent, 2011 saw great improvement from lenders and their short sale process. Three years ago, only about 10% of Roseville short sales listed actually ended up closing. Now, the number of closed Roseville short sales is around 40%.
Total Roseville Short Sales Sold (1/1/11-11/30/11): 497
Average Price of a Roseville Short Sale: $247,000
I’ve worked with many banks including Bank of America, Wells Fargo, Chase, Wachovia, and other smaller lenders. They often improve the short sale process, making it easier to obtain short sale approvals. When I first started selling short sales in Roseville, many homeowners believed they were too far underwater to qualify for a short sale. In the last few years, I’m seeing that’s not the case. Lenders approve short sales no matter how far under value the homeowner is. The banks put much more emphasis on the financial hardships suffered when deciding to approve a Roseville short sale.
Roseville short sales are very different from traditional equity sales. In a short sale, your Roseville short sale agent must be very active and communicative with the bank. For short sale success, agents must:
- Submit a neat, complete, and easy to read short sale package.
- Negotiate with the bank on behalf of the seller.
- Follow-up with the bank regularly (I can’t stress enough how important this is)!
One question that I often get is, “How are short sale agents paid?” There are no out of pocket commissions paid by the seller. Commissions are approved by the bank and come out of the sale’s proceeds. Short sales don’t cost the seller any money. However, Roseville short sale sellers should continue to pay their home’s utilities, property taxes, HOA, and insurance until the home is sold. There are ways around this but it’s best to keep this bills current.
Find out if you qualify to sell your Roseville home as a short sale.
Roseville Short Sales – The Latest from Short Sale Agent Allan Sanchez
Posted by Roseville Short Sale Agent – Allan Sanchez – www.AllansHomes.com
Elk Grove Short Sale Agent – Allan Sanchez
Elk Grove Short Sale Agent – Allan Sanchez
Here is an awesome Elk Grove short sale! 4809 Noriker Drive is a Bank of America short sale listed for $185,000. It is a great one story floor plan with 3 bedrooms, 2 baths, and 1,660 square feet. Bank of America already completed the BPO and is ready to approve this Elk Grove short sale. We just need a buyer! We’ve had 2-3 showings for the last few days so we should have an accepted offer by the end of this week!
As an Elk Grove short sale agent, I have listed and sold over 100 REOs and short sales with Bank of America. Bank of America is the largest lender and has an extensive short sale department. Over the last three years their short sale process has definitely become better. I usually get Bank of America short sale approvals in 35-60 days. They are not the quickest bank (that award goes to Wachovia and Chase) but still, I have had a lot of short sale success with Bank of America.
Elk Grove short sales are very different from traditional equity sales. In a short sale, your short sale agent must convince your lender to accept less for the house than the loan and forgive the outstanding balance of the loan. In order to have the best chance for short sale success, it’s important to use an experienced Elk Grove short sale agent.
Your Elk Grove short sale agent will:
- Communicate with the bank from the beginning of the listing.
- Submit a thorough and complete short sale offer to the bank.
- Negotiate with the bank on your behalf.
- Follow-up with the bank regularly until the short sale is approved (I can’t emphasis enough how important this is)!
How are short sale agents paid? There are no out of pocket commissions paid by the seller. Commissions are approved by the bank and come out of the sale’s proceeds. Short sales don’t cost the seller any money. However, short sale sellers should continue to pay their home’s utilities, property taxes, HOA, and insurance until the home is sold. There are ways around this but it’s best to keep this bills current.
See if you qualify to sell your Elk Grove home as a short sale.
Elk Grove Short Sale Agent – Allan Sanchez
Posted by Elk Grove Short Sale Agent – Allan Sanchez – www.AllansHomes.com