Market Trends: 3/10/2010
Short Sales
Market Snapshot
Total Properties Listed:
317
Month-Over-Month Change: -5.93%
Average List Price:
$220,520
Month-Over-Month Change: -2.09%
Median List Price:
$164,900
Month-Over-Month Change: -2.94%
Typical Property
Single-Family Home
3.42 Bedrooms
2.6 Baths
$220,520 Average List Price
$91/SqFt Average Price per SqFt.
Average Price by Bedrooms:
1 Bedroom:
N/A
2 Bedrooms:
$100,680
3 Bedrooms:
$152,228
4 Bedrooms:
$282,252
5 Bedrooms:
$539,702
Top 5 Most Viewed Properties
Short Sales, NC Real Estate:
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Short Sales Real Estate
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About Short Sales
In today’s turbulent economic times with high unemployment many homeowners have found themselves behind in mortgage payment. When this happens the lender will start a pre-foreclosure process after three months of non-payments.
Sometimes the seller when try to market their home with an agent and if proper disclosures are done up front the lender may allow less money on the loan payoff than what is owed. This is called a short sale and the lender and seller both must agree.
Short sale can be complicated and take a lot of time on all parties. All lenders have different decision makers and policies regarding “short sales” therefore each transaction is different.
It is best and often required for the home to be marketed with a Real Estate professional. After all paperwork is completed the process will still need hands on communication and follow up.
Buying a New Short Sales Home?
Buying a Short Sales home can be a daunting task. Before setting out on your house hunting journey, you should
know what you really want to find. Take some time to list all the features that are most important to you and your
family. Here are a few ideas to consider in looking for a Short Sales home to purchase:
- Location – Short Sales has a good number of wonderful areas to choose from. Also think about your proximity
to quality schools, medical facilities, and shopping markets.
- Size – Do you need a certain number of bedrooms or bathrooms? Don’t forget about closet space
- Parking – Is a covered garage important to you?
- Style – 2-story house or ranch style home? New or older home?
- Air Conditioning & Heating – central heating and/or air conditioning can be a savior in Short Sales.
As you browse homes on , keep these ideas in mind. Your list may change over time as you do more looking.
You may want to add or remove features, or perhaps you'll become willing to make compromises to find the Short Sales home
that is the best fit for your family. With hundreds of beautiful Short Sales homes to choose from, you’ll surely find the
one for you. Get started now.
Selling your Short Sales Home?
Selling your Short Sales home through Exit Realty First Choice is the right decision. Our agents are here to guide you
through a potentially complicated process. You deserve top-dollar for your property and Exit Realty First Choice is committed to marketing
and selling your home. All of our agents are certified REALTORs® and they are determined to give you peace of mind
throughout the home selling process. With years of experience in the Short Sales home market, our team has the secret recipe
for attracting the right kind of home buyers at just the right time. Choosing Exit Realty First Choice is a wise decision. Learn a bit
more about our agents here.
Apply for a Home Loan to purchase your Short Sales home?
The Short Sales home market is highly active at this time. Interest rates continue to hover near record lows and it’s never
been easier to finance your Short Sales home purchase —whether it’s your first home purchase, a vacation property, or a retirement
townhouse. Find out how much house you can afford, learn about settlement and closing costs, and access the most current
lending rates through our preferred mortgage partner.