Is This Short Sale a Deal or Not…? I Think It is…!

Especially when you see the comparison I make..!

We’ve been trying to sell the home at 125 Rambling, Folsom for a few months now.   We did have an accepted offer at $305,000 with 3% of the sales price to be given as a credit to the Buyer for Closing Costs and $11,500 to pay for replacing the aging Shake Roof .

After the  bank that approved the short sale and agreed to all of those costs, the Buyer on the deal backed out because of some kind of financial emergency.

Since then Rambling has been sitting on the market even though it’s been shown several times.

About 2 weeks ago,  a home with the exact same floor plan came on the market.  It’s a “repo flip” and shows pretty nice.  It went to “Pending Sale” status  after just 17 days on the  market.  It listed at $319,000.   Rambling is listed at $279,000.

A NOTE HERE..!! I think if someone were to bring me an offer on Rambling I could get “closing costs” and the costs of replacing the roof approved by the Short Sale lender at our current list price.

When you look at the video I think you will agree with me that “curb appeal” and well maintained landscaping makes a big difference in these two and you can see why a buyer would appreciate the home on Big Valley Road.     However, the interiors I think are pretty much the same, except the Rambling home needs a little TLC.

By the way, if you are an investor looking for a deal, I think Rambling would rent for $1,800 – $1,900 if it was fixed up some.

Anyway… check out the video here and let me know what you think…   I’d appreciate the feedback.

In the mean time…?

Make it a great day…!

Ed Favinger, Broker CRS, GRI, SFR          favinger@rwnetwork.com     916-203-1260

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