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Bernie McClure
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Short Sales

Del Mar Short Sale Homes Are A Different Breed

Thursday, July 23rd, 2009

Short Sale Properties are a different breed. Remember the owner of the property is still in control. The owner is of course subject to their lender. Many offers come in on Short Sales and those offers have to go through layers of approval process. In recent classes that I have attended, it is common knowledge that lenders are not staffed in proportion to the number of offers coming in. Therefore some are not even considered.

Market Recap

  • Avg. Sales Price: $1,610,000

  • Avg. Days on Market: 95

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