Laguna Beach Short Sales Are Sought After By Home Buyers

Laguna Beach short sales are often sought after by home buyers because the perception

is that buying a home below market value will yield an easy way to make a profit in the real estate game. While it is true that many investors can win big with short sales, they are only able to do so because they have a more complex understanding of just what in the world a short sale is. On the surface, a short sale may seem like a bargain, but when you consider the property has probably fallen into that status because the buyer paid too much and carried a complicated and risky loan option, then it becomes something to be wary of. However, a short sale agent is able to guide you through the pitfalls and construct an offer that truly benefits you. He does so through the following ways:

Knowing the true value of the home

When the marketplace dictates that a home is not worth what the buyer or lender is asking, then it is time to rethink the offer. A quality short sale agent is able to look at the reality and not just the pie in the sky ideals of the offering parties. He can tell what a home is truly worth by looking at similar properties in the same region and gauging how long a home typically sits on the market, and what the home actually sells for when all is said and done. If you are buying a home a mere $10,000 below value, you may think you are getting a quality deal, but when you start looking at the other costs and fees incurred with dealing through the short sale process, it becomes apparent that the deal you think you are getting isn't really a good thing at all. The agent should take this into account when helping you to construct a good offer that benefits you more than the other side.

Playing hardball

While buying a stock allows the purchase and sell with little to no human interaction, real estate endeavors always have conflict of personality playing in the background. Don't assume that the buyer or lender will be able to get whatever they want out of the property, especially if it has been available for long. Even in areas like Laguna Beach, where there are a number of luxury homes, you still have the power to walk away. Laguna Beach success, in fact, will come from the ability to let more deals go than you ever actually close. By moving on to the next transaction after you've made a strong offer, you don't let emotion play into the battle. Eventually, you will win a short sale that doesn't require you to sell out your own profits.

by: Gen Wright

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