The chart above illustrates the active conforming, (regular sales) and short sales by zip code in Oakland and Berkeley as of three days ago. Short sales are here and we are all affected by them. You as a seller might owe more than your home is currently worth and need to sell your property due to a life change; you could be a home-buyer and are in love with a property that is being sold as a short sale; or if there are multiple properties being sold as short sales in your neighborhood, (they are often being sold slightly under market price) and are affecting your home's value. To learn more about short sales email me at, deidre@redoakrealty.com.
