subject: San Jose Realty Companies have Different Experiences in Buying and Selling Homes [print this page] San Jose Realty Companies have Different Experiences in Buying and Selling Homes
Realty across the country has changed quite considerably over the past several years. Prior to the housing crisis which began four or five years ago the San Jose realty consisted of typical buying and selling of homes. A home was listed based on current market values and a home owner made an offer. A home inspection was completed and settlement and transfer of the property occurred. It was a very simple process.
The increase in the number of short sales and foreclosures has completely revolutionized San Jose realty. Today, some realty companies specialize in particular types of realty sales and purchases.
Short sales and purchases require special skill and knowledge due to the process of the transaction. A short sale requires approval of a contract by a home owner and the bank which holds the note. This can be a longer and more complex process. Additionally, the selling process of a short sale is more complex than traditional sales. A short sale requires particular forms and paperwork to be completed between the bank and the home owner.
The amount of communication and paperwork requires a more skilled realty company. For this reason, many San Jose realty companies have learned the processed and become experts in this type of realty. San Jose realty companies have acquired this skill through experience of a number of shorts sales. Other San Jose realty companies have obtained this information from various seminars on short sale processes.
Foreclosures have also changed San Jose realty. Like short sales, these have changed and caused San Jose realty to become specialized. The selling of a foreclosure or the purchase of a foreclosure also requires certain steps. The procedures of the purchase of a foreclosure are quite different than traditional purchases as the owner of the house is now the bank. This takes a certain type of communication as well since there is normally not one person at a bank who handles all foreclosures. It is usually a team of people. San Jose realty companies must be very adept at communicating with various people in order to encourage the sale of a foreclosure.
Many San Jose realty companies have become experts in selling and purchasing short sales and foreclosures. As the majority of homes for sale in San Jose are short sales and foreclosures, it is important to find a realty company that specializes in this area. New San Jose Short Sales is one company that has a great deal of knowledge in short sales and foreclosures. Their website is filled with helpful information for potential home buyers and those who are considering a short sale opportunity. To find out more about how this San Jose realty company can help go to www.NewSanJoseShortSales.com.
