The Approval Experts | San Diego Real Estate | Short Sales

If you are looking at buying a home in San Diego there is a good chance the one you like is a short sale. That said there are ways to go about handling the purchase of a short sale without losing your mind. The first step to buying a short sale is finding an agent that understands the process. Many agents have not been educated on the short sale process, which in turn can put a damper on the buying process.

Buying a short sale will test any buyer’s patience, as the process doesn’t happen overnight. Thankfully many banks are starting to integrate programs that speed up the process. Recently Bank of America launched their Equator program, which seems to have helped Bank of America push short sales through much faster. Each short sale is still a case by case situation, but for the most part banks are aware that short sales will continue at a growing rate for the next 2-3 years.

The first step to buying a short sale is finding out whether or not the other agent has an offer on his/her listing. This can be done by simply having your agent contact the listing agent and asking a few questions to qualify whether or not the home currently has an offer and whether the Realtor understands the short sale process. This is the key here. Working on a short sale with an uneducated agent or Realtor can be a disaster waiting to happen. At The Approval Experts we understand the entire process and our office has been involved in the closing of over 400 short sales throughout San Diego.

Once you or your agent have contacted the listing agent and qualified them on the potential purchase of the property it becomes a waiting game. If your offer is submitted to the bank for approval be aware that it’s rarely a simple approval. Most times the bank will counter offer the buyer, but most banks are well aware that a short sale will net them more money than a foreclosure, which is why we encourage our buyers to look very hard at buying a short sale. At the end of the day a short sale is excellent option and the potential of landing a great deal is definitely a possibility. Do your research and always ask questions. If you feel your agent or Realtor is qualified to handle the purchase or listing of a short sale it may be time to look elsewhere.

At The Approval Experts we not only serve San Diego County but also surrounding areas. Our focus is helping the client, so allow us to help you. If you have any questions please feel free to contact us. Our office is conveniently located in North County San Diego in the city of Cardiff. Our address is 2121 Newcastle Ave. Suite F, Cardiff, CA 92007. Our office number is 858-345-3825.

Moving to San Diego?

If you are planning to move to San Diego allow us to make a few suggestions. Firstly, the decision to move to such a beautiful place takes some careful planning. Any move can be difficult, but what makes a move to San Diego so difficult is finding which location best fits what you are looking for. There are many beaches in San Diego that range from affordable to extremely expensive. When looking to purchase a San Diego home it’s best you talk with a realtor to discuss the various price ranges and the benefits and downfalls of each location.

At The Approval Experts we are not only experienced real estate agents, but also experienced tour guides. Many agents focus on one location, which can make the process of buying a home in San Diego extremely difficult. We want you to understand the uniqueness of each and every community in the county both in San Diego proper and North County San Diego. Our specialty is coastal San Diego, but our decades of combined knowledge can help you navigate your way around every community. When planning to make your move to San Diego feel free to call a group of Realtors that understands San Diego.

With home prices finally becoming steady and rates still at all time lows there isn’t a better time to move to San Diego. If you an idea of a price you are willing to spend we can point you in a direction of communities that may best suited for you. Once you have located an areas that is best suited for your lifestyle leave the rest to us. Our professional firm can help you find a home in San Diego while negotiating the best deal.

The Approval Experts focuses on getting your offer approved. Our motto is simple, we don’t just work for a commission, we work for our clients. This is what differentiates our firm from others in the area. Make your move to San Diego an easy one by working with a group of real estate agents in San Diego that understand the intricacies of buying a home in a such a beautiful and diverse community such as San Diego.

If you have any questions in regards to a particular area of San Diego don’t hesitate to call The Approval Experts and allow us to answer your questions. Representation by a firm with knowledge in the industry is important and finding an agent that understands your needs when making the move to San Diego is that much more important. Our direct office line 858-345-3825, so feel free to call during office hours or leave a message if it is after hours and someone will return your call the following day.