Short Sales up, may be a great time for first-time homebuyers.

We are seeing more and more short sales. Short sales are sales wherein the property is listed and sold for less than what is owed on the property. These are distress sales and we are seeing more of these now than even a couple of months ago.

People that find that they are in a situation where they are having trouble making their mortgage payments should talk to a real estate professional before the situation escalates to the point where they have to loose their home or have their credit damaged.

Homes are being sold at deep discounts in many areas. There are many good deals to be had on starter homes in Fremont, Milpitas, and some pockets of San Jose. This may be a good time for first-time homebuyers that have been waiting on the sidelines for the bottom of the market to drop.

There are still good first-time homebuyer programs that these people can avail of. A popular one is getting assitance of $6500 at 0% towards their downpayment. Please call or email for more info.