Toni Patillo – Santa Monica and Palisades Real Estate Agent

Tips for Purchasing Santa Monica Short Sales

When you are deciding if Santa Monica short sales are right for you chances are you are paying good attention to the news. There have been countless news programs that show the upswing of the real estate market in the forms of houses that are being sold at amazing prices or bidding wars on a home. When watching the news, there are some things to consider so that you aren’t taken up into the hype when dealing with Santa Monica short sales.
First, consider the source of the new broadcast. A national broadcast may present a story on the other side of the country, and that is clearly not indicative of the deals that you may experience when dealing with Santa Monica short sales. If you are going to pay attention to the market on the news, make sure the information is local and always verify the details with a trusted source such as your Realtor.
Second, don’t let data predictions drive your offer. There are many people that make a living on deciding what the real estate market is going to do. The problem is that there is about as much success in predicting the real estate market as there is in predicting the weather. They may be right a lot of the time, but you have to be ready for the times that their calculations are wrong with Santa Monica short sales. When making an offer, think about the here and now and make your offer accordingly.
Finally, don’t force the purchase. It can be easy to fall in love with one of the many Santa Monica short sales to point that you will pay anything to get into the home. The problem with this mindset is that the pressure you put on yourself could leave you paying more than you would have to.
The best advice you could get with Santa Monica short sales is to calm down and research the purchase thoroughly. Don’t let the news or other facts a figures make you feel pressure to buy a home when you are not ready.

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