Chico’s Foreclosures
| Asking | Address | Beds | Bath | Year Built | Sq Feet |
| $45,000 | 184 Camino Sur | 3 | 2 | 1999 | 1560 |
| $63,900 | 141 W Lassen Ave. | 2 | 1 | 1962 | 766 |
| $99,000 | 1114 Nord Ave | 3 | 2 | 1990 | 960 |
| $99,900 | 1415 Sheridan Avenue | 1 | 1 | 1981 | 714 |
| $129,900 | 2099 Hartford Drive | 3 | 2 | 2005 | 1375 |
| $130,000 | 862 E 5th Avenue | 3 | 2 | 2005 | 1408 |
| $147,800 | 2099 Hartford Dr. | 3 | 2 | 2005 | 1375 |
| $157,900 | 3152 Bell Road | 1 | 1 | 1954 | 1070 |
| $168,000 | 1643 Normal | 2 | 1 | 1948 | 658 |
| $172,900 | 1164 Lupin Avenue | 3 | 2 | 1992 | 1378 |
| $173,900 | 1192 LUPIN AVE | 3 | 2 | 1992 | 1228 |
| $174,900 | 9463 Gerke Street | 3 | 3 | 1986 | 1744 |
| $175,000 | 2558 E 20th St | 2 | 2 | 2004 | 893 |
| $179,900 | 7 Olympus Lane | 3 | 2 | 1985 | 1248 |
| $179,900 | 3265 Rockin M | 4 | 2 | 1970 | 2972 |
| $184,900 | 823 Oak Lawn Avenue | 2 | 2 | 1948 | 672 |
| $185,000 | 1039 Blue Ridge Ave | 3 | 2 | 1984 | 1039 |
| $187,900 | 3 Tradewinds | 3 | 2 | 1992 | 1236 |
| $189,900 | 18 Arbor Drive | 3 | 2 | 1960 | 1378 |
| $195,000 | 3640 State Highway 32 | 2 | 1 | 1937 | 984 |
| $196,900 | 23 Comstock Rd | 3 | 2 | 1976 | 1276 |
| $205,000 | 5203 Coleman Ranch Road | 2 | 1 | 1920 | 1716 |
| $208,500 | 773 Caprice Way | 3 | 2 | 1990 | 1248 |
| $224,900 | 910 Karen Drive | 4 | 3 | 1954 | 1669 |
| $227,000 | 1185 Deschutes Dr | 4 | 2 | 1999 | 1383 |
| $229,000 | 1622 Spruce Avenue | 2 | 1 | 1917 | 1687 |
| $248,950 | 796 Victorian Park Drive | 3 | 2 | 1986 | 1451 |
| $249,000 | 13 Venetian Court | 3 | 2 | 2010 | 1408 |
| $249,000 | 12 Venetian Court | 3 | 2 | 2010 | 1408 |
| $249,900 | 1913 Spruce Ave | 2 | 1 | 1950 | 4460 |
| $269,000 | 303 Legacy Lane | 3 | 2 | 1998 | 1780 |
| $270,000 | 33 Bunker Court | 3 | 2 | 2003 | 1734 |
| $274,000 | 28 RUBICON Court | 4 | 2 | 2006 | 1968 |
| $292,900 | 6 Heartwood Ct | 4 | 2 | 1996 | 1654 |
| $294,000 | 79 Pauletah Place | 3 | 3 | 2005 | 1914 |
| $459,900 | 217 Eagle Nest Drive | 3 | 2 | 2001 | 2739 |
71 CERES CIRCLE IS NOW ONLY $215,000
This is a short sale! Great buy!
Chico Foreclosures
| Asking | Address | Beds | Bath | Year Built | Sq Feet |
| $45,000 | 184 Camino Sur | 3 | 2 | 1999 | 1560 |
| $66,900 | 141 W Lassen Ave. | 2 | 1 | 1962 | 766 |
| $99,000 | 1114 Nord Ave | 3 | 2 | 1990 | 960 |
| $99,900 | 1415 Sheridan Avenue | 1 | 1 | 1981 | 714 |
| $147,800 | 2099 Hartford Dr. | 3 | 2 | 2005 | 1375 |
| $148,000 | 2099 Hartford Drive | 3 | 2 | 2005 | 1375 |
| $151,950 | 2850 Clark Way | 2 | 2 | 2004 | 1716 |
| $157,900 | 3152 Bell Road | 1 | 1 | 1954 | 1070 |
| $170,000 | 7 Olympus Lane | 3 | 2 | 1985 | 1248 |
| $172,900 | 1164 Lupin Avenue | 3 | 2 | 1992 | 1378 |
| $180,900 | 1192 LUPIN AVE | 3 | 2 | 1992 | 1228 |
| $182,500 | 862 E 5th Avenue | 3 | 2 | 2005 | 1408 |
| $185,000 | 1039 Blue Ridge Ave | 3 | 2 | 1984 | 1039 |
| $187,000 | 2558 E 20th St | 2 | 2 | 2004 | 893 |
| $189,900 | 18 Arbor Drive | 3 | 2 | 1960 | 1378 |
| $194,900 | 9463 Gerke Street | 3 | 3 | 1986 | 1744 |
| $199,900 | 823 Oak Lawn Avenue | 2 | 2 | 1948 | 672 |
| $208,500 | 773 Caprice Way | 3 | 2 | 1990 | 1248 |
| $218,000 | 3 Tradewinds | 3 | 2 | 1992 | 1236 |
| $227,000 | 1185 Deschutes Dr | 4 | 2 | 1999 | 1383 |
| $229,900 | 3265 Rockin M | 4 | 2 | 1970 | 2972 |
| $245,000 | 1622 Spruce Avenue | 2 | 1 | 1917 | 1687 |
| $249,000 | 13 Venetian Court | 3 | 2 | 2010 | 1408 |
| $249,000 | 12 Venetian Court | 3 | 2 | 2010 | 1408 |
| $249,900 | 1388 hawthorne | 3 | 2 | 1965 | 1634 |
| $249,900 | 1913 Spruce Ave | 2 | 1 | 1950 | 4460 |
| $269,000 | 303 Legacy Lane | 3 | 2 | 1998 | 1780 |
| $274,000 | 28 RUBICON Court | 4 | 2 | 2006 | 1968 |
| $292,900 | 6 Heartwood Ct | 4 | 2 | 1996 | 1654 |
| $297,000 | 33 Bunker Court | 3 | 2 | 2003 | 1734 |
| $459,900 | 217 Eagle Nest Drive | 3 | 2 | 2001 | 2739 |
7 Mistakes in a Short Sale
Short Sale Mistake #1: Priced Wrong
Short sale prices remind me of the story of Goldilocks and the Three Bears. Some are too high, some are too low and some are priced just right. Short sales that sell are priced appropriately. The price should be attractive to the following parties:
- The Short Sale Bank
- The Buyer
- The Buyer’s Agent
- The Seller
- The Buyer’s Lender
Appealing to all five of these entities may seem impossible to do, but it is possible. There is an art to pricing a short sale. I can honestly report that all my short listings in Sacramento — in our soft market — receive multiple offers, and they close.
Short Sale Mistake #2: Inexperienced Listing Agent
Particularly in falling markets, agents who have little business are attracted to short sales like moths to a flame. Sellers should find out how many short sales a proposed short sale listing agent has actually closed apart from the number of short sales the agent has listed.
If many of the agent’s listings have been on the market for more than 90 days without an offer, something is seriously wrong. Agents who succeed in this business have a minimum of two years of experience negotiating with short sale banks.
Short Sale Mistake #3: Bad Marketing
Some agents believe pricing alone will sell a short sale, and they persuade sellers to place a ridiculous price tag on the home. Then the agent purposely refuses to adequately market the home. Not only does the price need to be reasonable, but the home deserves the same type of treatment as any other listing.
Short sales should be exposed to the widest possible pool of buyers, which means plastering that listing on all the major web sites, and includes doing direct mail marketing and networking.
Short Sale Mistake #4: Showing Restrictions
Buyer’s agents, bless their overworked and tired hearts, will sometimes take the path of least resistance. If the listing requires an appointment, a buyer’s agent might pass over that home in favor of a listing without appointment restrictions.
When a buyer’s agent calls to announce a showing, the response should be, “Come on over. We’re ready!” Short sale listings that restrict activity such as no showings on Sunday, for example, may never get shown at all.
Short Sale Mistake #5: No Photographs
Submitting a listing to MLS without multiple photographs — or worse, no photograph at all — is like slamming the door in the face of buyers. Buyers aren’t likely to return. A listing with missing photographs sends messages that say nobody cares if the home sells and there’s probably something wrong with it.
On some web sites such as Realtor.com, listings with the most photographs are ranked higher, and those without drop to the bottom.
Short Sale Mistake #6: Poor Property Condition
Short sale homes benefit greatly from home staging. Sellers need to prepare the home for sale and keep it in pristine condition. If beds are unmade, toys are scattered about and the kitchen sink is filled with dishes, buyers can’t see past the mess. Moreover, some buyers are worried that if the home is in disarray during a showing, the sellers may trash it upon vacating.
Short Sale Mistake #7: Uncooperative Sellers
Sellers need to submit required documentation to the bank in a timely manner. If the package is incomplete, the bank won’t process the file, and that will delay approval.
If a seller refuses to submit personal financial information and a reasonable hardship letter, the seller will not qualify for a short sale.
What is a short sale?
What is a short sale?
The selling of a home short of the current mortgage amount. Both terms (sale & payoff) mean the property is worth less than what is owed on it – over encumbered, upside down or underwater and both terms used interchangeably.
Who is a short sale good for?
- Someone who owes more than the value of their home
- A homeowner who has experienced or is experiencing a financial hardship
- A homeowner who is no longer able to afford their mortgage
- Homeowners who have been denied for a loan modification
What are the benefits of a short sale vs. a Foreclosure?
- Emotionally less impacting to you and your family as opposed to going through a foreclosure.
- Some lenders provide financial incentives of up to $3,500 for moving costs.
- Least impacting on your credit compared to a foreclosure.
- You can buy another home within 1 – 3 years depending on other items on your credit.
What are the consequences of a short sale?
- Everybody situation is different
- We will analyze your situation
- Free consultation – call TODAY!
We always recommend that homeowners consider all of their options. Please contact us for a free consultation.