Short Sales in the Escondido Country Club

By
Real Estate Broker/Owner with Broadpoint Properties Cal BRE #01324959

Do you live in the Escondido Country Club area? This is a wonderful area of Escondido with such great proximity to golf courses, shopping and the freeways. It is so convenient and easily accessible for workers and families alike.

Sadly, however this area has taken quite a hit with regard to property values. Over the past 24 months, the Escondido Country Club area has seen a decline. While many individuals who reside there are long time residents, there are some who have seen their property values decline so greatly that they now owe more to their mortgage lender than their property is worth.

Below you will see a graph which shows the unfortunate decline in property values in 92026:

If you owe more than you property is worth and you need to sell, you have probably heard about the short sale transaction. And . . . you may need to you're your Escondido Country Club home in a short sale. Perhaps you have read about the difficulty of completing the transaction . . . or perhaps you have heard some negative comments about the tax implications.

While you should always consult with an attorney or an accountant before making an important decision about what is best for your situation, know that you have options.

Currently short sales are easier to complete than ever before-particularly if you work with a Realtor® who has experience negotiating short sales and dealing with the banks. Many lending institutions and governmental agencies have created new programs that will benefit those sellers who need to participate in a short sale.

While this can be a very stressful time, a qualified Realtor® can really help to alleviate the stress. Don't know how to select a qualified Realtor®? I can help. Feel free to contact me or  . . .

Click here to read blog post with tips and tools for selecting a qualified Realtor®.

 

 

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Diary of a Realtor
CALIFORNIA DREAMING
Tags:
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short sales in san diego county
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Rainmaker
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Don Wixom
RE/MAX Advantage Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Hey Melissa, when do you expect a turn around?  (I know, a loaded question)...

Jan 04, 2010 11:33 PM #1
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Jeff Dowler CRS
Solutions Real Estate - Carlsbad, CA
Carlsbad CA Homes for Sale (760) 840-1360

Melissa - I wonder what the stats on the MLS would show. Or Altos Research? No doubt Escondido has seen some dramatic drops. I haven't been tracking the number for Escondido but should start doing so - I have been showing a lot of property there and have a new listing coming up on Friday.

Jeff

Jan 04, 2010 11:41 PM #2
Rainmaker
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Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
Destin FL Real Estate

Melissa - Love your target marketing.

Jan 06, 2010 05:41 PM #3
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Melissa Zavala

Broker, Escondido Real Estate, San Diego County
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