Sunday, March 23, 2008

Short Sale Strategies

Nice 4 bedroom, 2 bath home on great street in Santa Clara - short sale situation - listed for 3 months with no offer activity. Now with a trustee sale date just days away, the listing agent got serious and reduced the price to generate huge interest. 3 offers in on the first weekend and hopes of stalling the trustee sale. If you want to get a home sold, especially with the unattractive situation of a short sale, it must be priced to compensate for the headaches and perhaps to fire up the buyer pool. There are many buyers out there and they jump at the great deals.

03/20/2008 Active 06/14/2008 asking $430,000 - 3 and maybe more excited buyers
02/21/2008 Active 06/14/2008 asking $629,000 - no offers
01/10/2008 Active 06/14/2008 asking $714,900 - no offers

Let me know if you want to get your home sold right away. There are solutions available to you.

Bank REO Santana Row Best Floorplan

The most sought-after A3 floorplan is available in Santana Row - facing the Row! - in the DeForest Building as an REO Bank owned property. 1,250 square feet which includes the "catwalk". A good location over Cocolat and Straits - although there will be noise from the nightly revelers at Straits. This is a good deal. Call me for a tour and to write an offer on this rare opportunity. 415-269-6249.

New Great Price on Milpitas Townhouse

315 Ethyl Drive - a very nice 2 bedroom, 1 bath, two story townhouse unit in Milpitas is now priced at $275,000! Just reduced from $309,000. Sellers are motivated to sell. This is a great bargain in this very solid location. The home features a private patio, 1 car garage, private entrance, nice condition and walking distance to the Great Mall and shopping on Calaveras Blvd. The community also has a very nice pool. Call me for a tour at 415-269-6249.