The Banning real estate market has been extremely volatile in the past few years, from foreclosures, short sales and standard sales as well. But Banning real estate transactions are still happening in spite of the market crash and tough market conditions.
While it is true that many unfortunate Banning homeowners are losing their properties to foreclosure, foreclosing banks and lenders are not in any hurry to list their Banning foreclosed assets for sale. Banks have slowed the resale of their Banning foreclosures to a trickle to keep the real estate marketplace competitive for buyers and to not flood the supply. It is a great time to buy Banning real estate if you have the resources to do so, but there are many buyers and investors buying foreclosures. These conditions makes it hard to secure a purchase, despite popular opinion.
Banning short sales have also become more prevalent, helping distressed Banning homeowners relieve their financial hardship of the burdening mortgage, but short sale negotiations can be complicated and difficult. Many Banning short sales fail to sell not because of a lack of willing and able buyers for the properties, but either the short sale agents handling the listings are not experienced or tenacious enough. If you’re looking for a Banning short sale agent to handle the negotiations and listing of your house make sure you’re diligent about finding an effective professional to help you through the process.
Banning standard sales also are a percentage of the Banning real estate marketplace, but as with most standard sellers in this tough market, they either must sell at a higher price to cover the cost of sale and pay off any mortgages, or their Banning real estate agents do not understand the Banning real estate climate to effectively market and sell the property. Many sellers and their agents forget that they must adhere most of the conditions of the market to sell their Banning property.
If you are interested in buying or selling your Banning House, Banning home or Banning property, you need an agent that is a tough negotiator, understands this challenging Banning real estate market and works in the trenches of foreclosures, short sales and standard sales every day.
We list and sell foreclosures, short sales and standard sales everyday, and we can put our experience to work for you too. Call us now to discuss your real estate needs.