If you have been browsing the local real estate market lately, you may have seen some homes listed as a Santa Monica short sale and didn’t exactly know what that meant. A Santa Monica short sale listing is when a homeowner has asked permission from their lender to sell their home for less than what they owe on it. There are a variety of different reasons why a homeowner would need to complete a Santa Monica short sale such as they are facing foreclosure, they owe more than what the home is worth or they are being transferred to a different area by their employer; these are just a few reasons but there are hundreds of different hardships that lenders will accept in order to complete a Santa Monica short sale.
If you are in the market for a home, have been looking for some time and just aren’t finding what you are looking for in your price range, you should really consider purchasing a Santa Monica short sale listing. Many investment buyers purchase Santa Monica short sale listings because generally you can get a great home for much less than what it is worth. Many homeowners that purchase a Santa Monica short sale home wouldn’t have been able to purchase the home if it would have been listed as an equity sale. This means that you can get a bargain price on a great home and when it’s time for you to sell you can almost be guaranteed that you’ll make a great profit.
To find out more about Santa Monica short sale listings and to see if one fits your needs and budget contact a Santa Monica short sale expert today to begin finding the home of your dreams for much less than what you want to pay.