The Real Estate Market is tough to navigate these days! Everywhere you turn there is something new to learn. It seems that right now all the buzz is with Bank Owned Properties and Short Sales. These segments of the marketplace can be extremely frustrating if you are not informed. Many buyers who consider themselves very savvy in Real Estate are finding that there are ins and outs to the process that can only be learned by experience. Every transaction is different! The problem is that the banks don’t have it together…yet. They are getting pretty good with Bank Owned Properties or REO’s, largely because of the agents who list the properties are gaining experience and rapport with the banks they work with. Many banks are getting ever increasing closing ratios on Short Sales now too! They are starting to get it! If you are a homeowner with a notice of default many of the banks will work with you to renegotiate your loan, this is different than even 3 months ago! This is a dynamic and changing time in the market. They say “Fortunes are made in transitioning markets.” This is what its all about.

 If you would like to know more please e-mail me at jamespatton@firstteam.com or check out my website at www.jamespatton.net

Welcome to James Patton’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Tustin.