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CJ Davies
REALTOR®, ABR
(609) 713-8952
Broker / Sales Person
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Short Sales

The Deal: A short sale is a property that is individually owned, but the owner owes more money on the property than what they could sell it for on the open market.  This means that they need to get permission from the bank or third party to sell the property at a loss and walk away instead of having the bank foreclose on the property.

 

The Bad: The problem with short sales is that they are very labor intensive on the selling side since the seller's representative needs to deal with both the home owner and the bank.  Some banks are faster and more resonable than others.  The process can take months or even years to complete.  Since the sellers are walking away with nothing, many times they are uncooperative or do not have the funds to make any concessions for home inspection issues which makes the transaction riskier for the buyer.  There is no telling exactly what you will be paying or when you will be closing when you enter a contract on a short sale.

 

The Good:  The good news is that since these transactions require more risk, they can be bought a a discounted price, just like any investment.  Unlike foreclosures, since the original owner still has access to the property, home inspection issues, or issues with the CO inspection are still able to be fixed prior to closing.  This makes it much easier to obtain financing on the property and reduces the risk of the deal falling through during inspection periods.

 

Is a Short Sale right for me?  If you have specific time frames in which you need to close or if you are trying to close multiple properties simultaneously, a short sale if definitly NOT for you.  But, if you have a flexible time line and are not adverse to risk, short sales have proved to be very good investments for people who can wait.  These are especially good alternatives for buyers who need a below market purchase price but have strict FHA regualtions that might require repairs to be done to the property prior to closing.

 

To Search Short Sales CLICK HERE

 

Customer Reviews

CJ was amazing through the entire process of selling our home. He knows the ins and outs of the sale process and was able to catch a few things before they became an issue. Would recommend CJ for any real estate transaction you might be thinking about!

My wife and I had a great experience using CJ as our realtor. Being an out-of-state buyer presents some unique challenges. CJ accommodated all our requests. He was always available for phone calls and questions. I would recommend using his skills and expertise for your next home purchase.

Honesty, integrity and professionalism is what you can expect from CJ. He will guide you through the process, making it all so simple and smooth. He is very informative and helpful throughout it all. Thank you CJ. Looking forward to our next transaction.

CJ worked out great!! He helped us get where we wanted to be without bringing the ego and drama that we have experienced with previous realtors. Two thumbs up from this couple ????

CJ went above and beyond for our home buying experience. Extremely knowledgeable of the area and led us to the best in the field to bring us to closing as soon as possible. Extremely professional and genuine. We never doubted that he had our best interest at heart. Got us an amazing deal on our home. If you need a realtor look no further. As far as we are concerned, he is the best in the field and the only one we’d ever hire.

CJ is very professional and knowledgeable. He helped us to create an awesome listing and we received a solid offer right off the bat. He worked to help us find a home and even in a tricky situation, we were able to purchase a wonderful new home thanks to him and his team! I would highly recommend working with CJ if you're in the market!

Alissa Walkoviak

CJ is a standup guy. Always answers right away is very reliable and he has a great smile! The process of selling my house was quick and easy. No issues whatsoever. His knowledge of real estate saved me a huge headache in the long run and I'm soooooo grateful I chose CJ as my realtor. He honestly knows what hes doing it was a very good experience! I'm very happy

CJ made everything so easy. He knew what I was looking for and he delivered. He was able to streamline the process and get me to closing quickly. I am very, very pleased! It was a pleasure working with him.

CJ was really amazing at responding to texts and calls. He also was really helpful in answering any questions about the the homes I looked at. If there was ever a time he had to look into something he was always diligent on getting back to me. Overall, I had a really positive experience with CJ during my 1st home buying experience.

Working with CJ was one of the best decisions we made when we were looking to purchase a new home. It took us months of looking at different properties before we found the right one. Throughout the process he was extremely flexible with his time, always available for questions, and he carried a wealth of knowledge in the real estate industry. Finding the right home was only half the battle. Once CJ was able to secure a contingency deal on our dream home he had to list our home and sell quickly. Sure enough, less than two weeks on the market and we had multiple offers and were under contract. Purchasing a home and selling a home at the same time was stressful. CJ made both happen for us rather seamlessly. He was often the voice of reason when we were overwhelmed by the process and took time to explain things and guide us. We would choose to work with CJ 100x over again and highly recommend him!

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 02/04/2023. The listing information on this page last changed on 02/04/2023. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Ocean County MLS (last updated Thu 09/12/2019 11:22:12 AM EST) or Bright MLS (last updated Sat 02/04/2023 1:02:16 AM EST). Real estate listings held by brokerage firms other than Davies & DeGennaro may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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