Short Sales in Elk Grove – Do Short Sales Work?

Short Sales in Elk Grove – Do Short Sales Work?

If you asked me three years ago if short sales worked, my answer would be “rarely!”  Only about 10% of the short sales in Elk Grove listed on the market, would actually close.  Buyers were afraid to write offers on short sale homes because the bank approvals took so long, if they happened at all.   During the last two years however, most banks and lenders have streamlined their short sale process. 

Take a look at this chart showing Short Sales in Elk Grove for the last three years:

Short sales in Elk Grove have steadily increased and are becoming more successful.  The most impressive are the pending sales.  These are short sales that are approved by the bank and have buyers ready to close escrow.  Pending sales have 990% in the last three years.  Wow!

If you’re thinking about short selling your Elk Grove home, it’s important to pick a real estate agent who is also a short sale expert.  Only agents who are experienced selling short sales are able to negotiate with the bank, follow the strict lender guidelines, and minimize sellers liability or deficiency judgments.

Contact Elk Grove Short Sale Agent Allan Sanchez to see if you qualify for a short sale in Elk Grove.

Short Sales in Elk Grove – Do Short Sales Work?

Posted by Elk Grove Short Sale Agent – Allan Sanchez – www.AllansHomes.com