The Property Seems To Be Available, But It’s Sold

It's frustrating to wait for a bank response on a distressed home you want to buy or sell!

It’s frustrating to wait for a bank response on a distressed home you want to buy or sell!

A challenge we’re running into with the market weirdness is the deceptive status of listings in and around San Jose and Silicon Valley.  Sometimes a house or condo appears on the web to be a listing that’s available and ready for your offer, but in fact the agents are no longer accepting offers on the seller’s behalf.

Since a large percentage of our San Jose real estate sales consists of distressed properties (short sales or bank owned properties), the situation is more complicated than with a “normal sale” for many homes.  (Non-distressed listings gleefully proclaim, “this is a NORMAL sale! no bank approval needed!” because they know that serious buyers, particularly highly motivated ones, just want to buy a home without delays and games.)

With distressed sales, the complications usually come in the way of bank involvement on the seller’s side (beyond just funding the buyer’s loan).
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