Brentwood Homes; Myths about Short Sales and value

With values dropping rapidly many buyers have been convinced by late night infomercials that the best deals on the market are short sells. Much like myths about foreclosures this is not always true. Just like foreclosures when banks are involved they are not in the business of loosing money. The bank may take less than what the homeowner owes but will not take less than current market value. Because current market values are actualy lower than what most homeoners think, short sales seem to be priced lower. For more information call “TEAM ELITE” at 925 392-4131