A short sale can help struggling homeowners avoid foreclosure—but only if it’s handled correctly with the right REALTOR® guiding the process. Did you know According to the U.S. Department of Housing and Urban Development (HUD.gov), homeowners facing financial hardship may qualify for foreclosure alternatives such as short sales, which can significantly reduce long-term credit damage. In competitive markets like Los Angeles, working with a Short Sale Realtor in Los Angele s can make the difference between approval and denial. What Is a Short Sale in Real Estate? A short sale occurs when a homeowner sells their property for less than the remaining mortgage balance, with the lender’s approval. This option is commonly used when sellers experience financial hardship, such as job loss, divorce, medical expenses, or market decline. Key Characteristics of a Short Sale The lender agrees to accept less than what is owed The seller must prove financial hardship The len...
Did you know many homebuyers receive thousands of dollars back at closing through a Real Estate Rebate to Buyer ? If you’re planning to purchase a home, this simple strategy can help you save big. What Is a Real Estate Rebate to Buyer? A Real Estate Rebate is a portion of your agent’s commission that’s returned to you at closing. Since the seller typically pays the buyer’s agent a 2.5%–3% commission, some agents share part of that amount — often 0.5% to 2% of the purchase price — with the buyer as a rebate. Example: If you buy a home for $500,000 and your agent offers a 1% rebate , you’ll receive $5,000 back — money you can use for closing costs, upgrades, or moving expenses . Why It Matters According to the National Association of REALTORS® , 87% of buyers work with agents, but few realize rebates exist. These programs offer real financial relief and increase your buying power without reducing agent support. Benefits of a Buyer Rebate Immediate Savings: Offset closi...