If it's possible to turn a short sale into an equity sale, that's exactly what a seller should do for many reasons, especially if that home is in foreclosure. Some Sacramento neighborhoods are right on the border between those homes being short sales or equity sales. Pulling a home out of foreclosure in Sacramento is not only good for the owners of that home by lessening adverse credit, but it's good for the neighborhood as well. What was once an abandoned eyesore will get purchased by a buyer or an investment group.
These types of buyers generally fix up the home and make it blend in with the rest of the homes on the street, which neighbors love. It's an added benefit when the home is flipped, re-sold to a buyer who will occupy the home and become a resident of the community. Nobody really wants a rental next door.
Read more in my professional blog on my business website today about Turn a Sacramento Short Sale into an Equity Sale. It's what happened to a couple of sellers in Orangevale who were able to avoid a foreclosure in Orangevale. Turning short sales into equity sales has become an additional specialty for this Sacramento real estate agent. Yes, I can pull a rabbit out of the hat. Hey, Rocky!
Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.