Huntington Beach Short Sales Under $500,000
Read the headline again
Read the headline again. It is not a mistake. Strange though it may seem, you can get Huntington Beach homes at the $500,000 mark, if you know where to look and you trust the right agent. Why is an agent so important for securing one of these locations at such a great price? Because most of these homes are short sales, and to win a short sale, you have to be a little smarter than the average real estate investor. Short sales by nature are highly competitive because they invite capable investors to bid on homes that are priced well below market value in a war of sorts for the right to purchase. Getting a deal on homes in the Huntington Beach area for below the market value means that one can stand to make a lot of money very quickly in real estate, an investment that has traditionally been for those wanting to "play it safe."
Here's the thing about short sales, especially short sales in Huntington Beach, however. They are not risky investments. A short sale gets its name because the home is proven to be worth more, but conditions involving possible foreclosure due to a seller's inability to pay, make it expeditious to sell. The people trying to unload one of these great homes in the Huntington Beach region are doing so out of desperation or an effort to protect their credit, and so they don't have the luxury of waiting for a price they like. This is a good thing for the savvy investor, but it can also be a bad thing in that there can be the temptation to bid more than you should in hopes of "winning" the home.
That's where the reputable agent comes in to play. You don't want just a real estate agent for this type of transaction. You want a "short sale agent," and preferably one, who has an intimate understanding of the geography in which you will be bidding. Before taking another step it is important to bring one of these pros onto your team as they can do the following to help you out through the process:
1. Construct a good offer. It can be difficult knowing what a "fair" price for a short sale is, especially when all the other bidders are trying to get it for themselves as well. Short sale agents know what is "reasonable" within the market.
2. Act fast. Short sales, especially the sort found in Huntington Beach, have a very short lifespan. They don't get counters, and they are sold before you know it. Your agent will ensure that you are given serious consideration, and before you know it, you'll be able to call your Huntington Beach short sale, "home."
by: Gen Wright
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