Oceanside Short Sales
The Oceanside Real Estate market still has a lot of distressed properties with a high concentration of short sales. Short Sale listings are different from foreclosure listings as the owner of the property still resides in their home. Foreclosure homes are where banks have foreclosed on the property and vacated any occupants in this home. The reason why people love short sales is that they can get a great price on a home and deal directly with the owner and the bank. Many times the property owners will take better care of their home and are happy to get out from their over-mortgaged home.
Short Sales do take patience and can take several months to get an answer from the bank. In recent years this process has speeded up tremendously as banks now have systems to deal with the large number of short sales. On average, short sales can take up to two to three months with a standard 30 day escrow after getting the bank approval. It's recommended to make a strong offer and have personal finances including a pre-approval letter from a lender ready to submit with an offer. Short Sales can be tricky so it's best to work with a local agent that can help you every step of the way. There is no charge to the buyer as the bank pays all real estate commissions. To learn more about buying a short sale listing in Oceanside please contact us today.
Oceanside Short Sale Homes For Sale
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Listing information last updated on April 25th, 2024 at 4:32pm CDT.