It wasn’t too long ago that most buyers had heard all of the horror stories involved with short sales and wouldn’t go near them.  In many conversations I explained to buyers that if they were looking for a “deal” a short sale was definitely the way to go.  Unfortunately that just doesn’t seem to be the case any longer as short sale inventory is almost non-existent.  According to Keith Kyle, a South Bay short sale specialist, “it’s a combination of lower inventory and a much more streamlined short sale process in which most short sales are going through.  No longer are buyers overly cautious about potential short sales taking 6 months or more like they had in the past.”

While short sale may not be the bargain they once were, they still are the likeliest source of well priced homes if and when you can find them.  For a current list of foreclosures visit either our Redondo Beach foreclosures site, or our South Bay foreclosures and short sales listings.

The above chart shows the “for sale” distressed homes in light green, sold homes in teal, and pending sales in red over the past 10 years.   Needless to say there’s certainly not an abudance these days.

About the author
Keith Kyle
Keith Kyle is a top real estate professional in Redondo Beach, Hermosa Beach, Torrance and Manhattan Beach with South Bay Brokers. He specializes in working with first time buyers and sellers of fine Redondo Beach properties. Keith has been a top realtor in Redondo since 2007 and his extensive local market knowledge as well as his marketing expertise has helped clients throughout Redondo Beach
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