Homebuyers considering the El Dorado Hills CA real estate market are today presented with many more choices than before, as a growing distressed property market has added to the existing roster of attractive properties. There is much interest in foreclosures, REO homes and short sales as they can increase buying power. But combining both good value with the benefits of purchasing a traditional home, El Dorado Hills short sales have quickly become one of the most sought after categories of properties today.
What makes El Dorado Hills short sales so popular is that they benefit not only the buyer, but also the seller and the lender. In essence a situation where a homeowner sells their property for less than what is owed on the mortgage; when successful, the seller avoids foreclosure, the lender also gets a chance to recover the majority of the equity and buyers enjoy a lower price. Buyers of short sales do not see the drastic discounts that foreclosures have to offer, but do get the chance to inspect the property as well as purchase the home with a mortgage – important details that are not allowed with foreclosures.
