Distressed properties in Anaheim Hills, California are a reality of the transitioning real estate market, so it is important for homeowners to use them to their benefit.
Distressed properties are Anaheim Hills foreclosures, real estate owned (REO), short pay / short sale. It is most properties that are not offered by Mr. and Mrs. John Smith and that rely on third party approval.
How does a homeowner use distressed properties to their advantage when selling Anaheim Hills Real Estate.
First, let’s look at what makes short sales and foreclosures and REO’s so attractive to buyers. It is their advertised price. Price is the easiest way to compete, during this market. And although it may appear that it is the only way to compete and that as a homeowner one is forced by market pressures to sell at a below market price, there are options.
The market cannot be controlled by one homeowner or real estate agents, so let’s look at what one can control. There are two huge factors, LOCATION and condition. Anaheim Hills, California is an extremely attractive location. When one mentions Anaheim Hills, great thoughts begin to circulate one’s mind regarding the geography and community. Accentuate the benefits of the Anaheim Hills Lifestyle. Where one can jog, hike, horseback ride, play tennis, golf, view the latest movies or visit a great spa and that does not include Disneyland and the Angels.
The CONDITION is a factor that puts the home owner in complete control of its potential benefit. Due to the increasing amount of distressed properties, banks are not willing to spend money in repairing the property or improving its condition, sometimes they are not even swept. This is an opportunity for the homeowner to excel in presentation. Make it emotionally captivating. Allow the buyer to see themselves living there, enjoying the Anaheim Hills Lifestyle. There are many situations where potential buyers will not have the funds necessary to make improvements or repairs or they choose not to trouble with that when choosing a property, and they prefer to purchase real estate that is in move in condition. It is of utmost importance to control the condition of the Anaheim Hills Real Estate in order to make a favorable impression. There are hundreds of properties to choose from, so the potential buyer may only visit once. Make that first opportunity count, it may be the only one and that buyer may be the one. Prepare the home to the best of your ability and consult outside professionals.
The TERMS of the sale are also important and are influenced by the homeowner. Anaheim Hills short sales offer a lengthy purchase process, 30 to 180 days plus the escrow period. It is a time frame that is not favored by buyers or they cannot wait due to outside factors like, school or work dates. In addition, the prices advertised may not be what the bank will accept. It is an opportunity where one can offer certainty in what price will be accepted and offer a timely response to offers. REO addendums have complex language that must be accepted by a buyer to proceed with the purchase. Besides purchasing “AS-IS,” the clause that allows the bank to go with a better offer even after accepting an offer and opening escrow, is something that buyers would prefer to not deal with.
Offer buyers certainty. Create a win-win scenario with your location, condition and terms and be flexible. It is a luxury that banks do not have and that works to one’s advantage.
Contact me today to receive a free special report on:
Squeezing Every Last Dollar From Your Anaheim Hills Real Estate Sale In this report, learn vital tips and strategies that will help you maximize your return on investment when you sell your home. You’ll be amazed at how some seemingly insignificant repairs or renovations can pay big dividends when you do sell your home.
Luis Gallardo Anaheim Hills REALTOR
TARBELL, REALTORS (714) 702-0713 – Phone
lgallardo@tarbell.com – Email
This is a beautiful place, I would love to live here.