Sacramento Real Estate Blog

One of the best things about selling real estate is that it’s constantly changing and it forces me to keep up with everything that is different about it.

So much so that I’m going to have to eat my words.

I’ve always maintained that bank-owned homes are the cheapest priced houses in any area. However, I was out in Antelope the other day and was surprised to see that the brokers listing short sales are catching the pricing bug.

Short sales in the Antelope area are now priced more competitively than bank-owned homes. Of course, as always happens with short sales (unless they are already approved by the bank, which is rare), they have to go through the process of getting approved by the seller’s lender, so the listing price is not by any means the selling price, which is more the case with REOs.

Also read Can You Actually Buy a Short Sale?