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Home Sales in Strada, a John Laing Homes Community in Roseville, CA 95678

Home Sales in Strada, a John Laing Homes Community in Roseville, CA 95678

Strada is a John Laing Homes community of detached courtyard homes in Roseville, California near I-80 at Highway 65 near Blue Oaks Boulevard and Fairway Drive. Residents have exclusive use of Strada's neighborhood park, with a playground, walking path, covered picnic tables and a BBQ area. Don't feel like cooking? Johnny Garlic's and Chili's Grill and Bar Restaurant are just a short walk away!

STRADA HOME SALES:

  1. 124 Vento Court, Roseville, CA 95678 (2+loft/2.5, 1271 sq. ft.) $188,000 - 7/21/10 *short sale*
  2. 9052 Cortina Circle, Roseville, CA 95678 (2+loft/2.5, 1271 sq. ft.) $200,000 - 6/28/10
  3. 8425 Roseto Road, Roseville, CA 95678 (2/2.5, 1337 sq. ft.) $200,000 - 6/18/10 *short sale*
  4. 8456 Roseto Road, Roseville, CA 95678 (3/2.5, 1462 sq. ft.) $211,000 - 6/15/10 *short sale*
  5. 109 Vento Court, Roseville, CA 95678 (3/2.5, 1462 sq. ft.) $195,000 - 6/14/10 *short sale*
  6. 9156 Cortina Circle, Roseville, CA 95678 (2/2.5, 1337 sq. ft.) $200,000 - 5/7/10 *short sale*
  7. 8417 Roseto Road, Roseville, CA 95678 (3/2.5, 1464 sq. ft.) $200,000 - 5/4/10 *short sale*

AVAILABLE HOMES IN STRADA:

  1. 8508 Cortina Circle, Roseville, CA 95678 (2+loft/2.5, 1271 sq. ft.) $204,950
  2. 8717 Cortina Circle, Roseville, CA 95678 (3/2.5, 1464 sq. ft.) $199,900 *bank owned*
  3. 8789 Cortina Circle, Roseville, CA 95678 (3/2.5, 1271 sq. ft.) $159,000 *short sale* (unapproved)
  4. 9012 Cortina Circle, Roseville, CA 95678 (3/2.5, 1271 sq. ft.) $165,000 *short sale* (unapproved)
  5. 9164 Cortina Circle, Roseville, CA 95678 (3/2.5, 1271 sq. ft.) $174,500 *short sale* (unapproved)
  6. 8415 Oliva Road, Roseville, CA 95678 (2/2.5, 1337 sq. ft.) $179,900 *short sale* (unapproved)
  7. 8741 Cortina Circle, Roseville, CA 95678 (3/2.5, 1271 sq. ft.) $189,000 *short sale* (unapproved)
  8. 8448 Roseto Road, Roseville, CA 95678 (3/2.5, 1337 sq. ft.) $190,000 *short sale*
  9. 8524 Cortina Circle, Roseville, CA 95678 (3/2.5, 1462 sq. ft.) $192,000 *short sale* (unapproved)

What's the deal with with these "rock bottom" unapproved short sale prices?

Unapproved short sale listings are like a "bait-and-switch" because their list prices are nothing more than a random number that the listing agent/seller came up with...many times simply to delay foreclosure so they can either continue to live in the house payment-free or continue to collect rent from the tenant while they don't pay their mortgage.

They price the home significantly under market value to snag a buyer quickly and submit the short sale offer to the bank. This commences the short sale approval process, which typically takes 4-8 months or longer, depending upon the bank...however, this doesn't always stop a foreclosure from happening (see my blog post) nor does it mean the bank won't respond with a counter offer with a higher sales price.

As you can see by recent home sales, banks usually do not accept "rock bottom" pricing...they sell for market value. Also, homes that are bank owned or short sales typically sell for less money when they need work (the backyard may be overgrown with weeds, the carpet may need replacing, walls may need to be painted and the tile floors may be just plain ugly or small and outdated!) Location also has a lot do with desirability and price...homes that back up to busy streets may sell for less than homes in a quiet location.

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BOB & LEILANI SOUZA

Souza Realty, Bob & Leilani Souza - Real Estate Investment Specialists in Southwest Placer County, CA

Bob Souza - 925.513.3400 - bob@souzarealty.com

Leilani Souza - 916.408.5500 - leilani@souzarealty.com

Souza Realty - Real Estate in Roseville, Rocklin, Lincoln, Loomis and Granite Bay, CA

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Comment balloon 0 commentsBob & Leilani Souza • August 30 2010 05:47PM
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