Selling that Sacramento Home as a Regular Sale Over a Short Sale
By Elizabeth Weintraub Sacramento Broker, Put 40 years of experience to work for you
(Elizabeth Anne Weintraub, Broker)
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 re...
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