With more short-sale and foreclosed homes come on the market in Sherman Oaks, a buyer might be tempted to buy what might appear at first glance is really cheap.
After all, the price has been adjusted downwards on the property at the time when the supply of homes for sale spacious Valley rare, about 3,000, about half the amount is usually sold.
But caution realtors that sales can be a short process difficult and frustrating.
“There is no guarantee when you in short sales that you’ll end up with the House,” said Jim Wagner (jimwagner.net), the Association of Managers in the Sherman Oaks Rodeo reality.
Waiting for the approval of the bank can take anywhere from a few months to four months for sometime over the past year, realtors say. Meanwhile, “you wait for the bank to say yes or no, so you’re not shopping for a home,” added a residential realtor, Mary Baldwin (marybaldwin.com) John Aaroe Group in Sherman Oaks.