Preferred 1 Realty has been helping people like you buy and sell real estate in the Inland Empire and surrounding communities for almost 10 years. We are here to help you have a smooth transaction - whether buying new house, selling an existing home or moving into the area. Our goal is to provide you with the best real estate service available in the Southern California area. We specialize in serving Inland Empire, the surrounding counties of Riverside, San Bernardino, Los Angeles, and Orange. We look forward to helping you with your next real estate transaction. Contact us today.

About Preferred 1 Realty

We are a small firm and because of that we are able to provide you with unsurpassed personal service. Unlike a large company where a "cookie cutter" approach is the norm, at Preferred 1 Realty we believe each client and each property is unique.

Our most important role is to listen to you, assess your needs, and respond with solutions that best achieve your goals. Modern technology coupled with the best market data and old-fashioned hard work enable us to provide you with a superior level of service which we hope will exceed your expectations! We are committed to integrating the best available technology into our business to make your transactions efficient and convenient.

You can count on the agents at Preferred 1 Realty to work for your best interests, always maintaining the highest level of professionalism and integrity. We are dedicated to helping you find a neighborhood where you can live happily. We sell properties all over the Inland Empire Area, including Riverside and San Bernardino counties, as well as the surrounding Los Angeles and Orange counties.

At Preferred 1 Realty, we are specialists in Short Sales, which can be a positive option for those having difficulty paying their mortgages and facing foreclosure.

As a local Realtor® in Southern California, I know that choosing the right Short Sale-experienced agent to assist you with a Short Sale is a crucial decision. Please contact my office so that I or one of my specially-trained colleagues can help you move forward today!

Welcome to Preferred 1 Realty

Over 3 years ago, when I was first approached to assist clients in selling their home with a Short Sale, it was difficult to find another real estate professional that was knowledgeable in this specialized type of sale. The fact is that there are always homeowners who face the struggles of needing to sell their home quickly due to the changes in life's circumstances that could impact any one of us, but when the economy and real estate market are stronger the need for this type of assistance is less

Today, times have changed. As local foreclosure rates climb, Short Sales in real estate are now a more commonly recognized alternative for homeowners facing foreclosure. In fact, they have become such a phenomenon that stories about Short Sales appear with increasing frequency in the national media, yet to many homeowners and real estate agents they remain a mystery.

That is why I have created the Preferred 1 Realty team. As a local Realtor® in Southern California, I have seen again and again the lifeline that a Short Sale can be to clients and have developed a specialized approach to handling these transactions successfully.

Working on behalf of Short Sale clients has provided the opportunity to work for remarkable people facing real-world financial challenges. With an understanding of these challenges, I am confident that the Preferred 1 Realty team provides the level of service that smart homeowners know they have a right to expect.

Our goal is helping you move forward… contact us today to get the process started!

Frequently Asked Questions

Why do more and more people seem to be facing foreclosure these days?
There are many factors affecting local and national foreclosure rates and any of them could unexpectedly impact anyone. Today, more and more people are feeling the direct financial impact of adjusting rates on homes financed with Adjustable Rate Mortgages (ARMs) and the expenses of major home repairs or increasing property taxes. Other homeowners are struggling due the indirect financial impact of sudden onset life-changes such as changes in marital status, health issues, death, change of employment status, or a change of income level. The good news is that many people affected by these types of circumstances and facing foreclosure can be helped with a Short Sale. The Home Sales Remedy team can help you determine if this is a good option for you.
What is a Short Sale?
A Short Sale is an arrangement between the current owner of a home and the bank/lender that lent them the money to buy their home to accept a sale offer for less than the total amount owed to pay off the home and avoid a foreclosure situation. The result is the sale of a client's home at slightly below market value, allowing the home seller to avoid the negative impact of foreclosure on their lives, the buyer to get a great deal on their new home, and the seller's mortgage holder to avoid the costly and time consuming foreclosure process.
Can anyone qualify for a Short Sale?
There are many factors that affect a homeowner's ability to qualify for a Short Sale. In most cases, to qualify for a Short Sale a homeowner will have had to have already missed payments, demonstrate a genuine hardship that created the inability to meet mortgage obligations and have little or no equity in their home. A consultation with a member of the Preferred 1 Realty team will help to determine how strong of a candidate you are for a Short Sale and whether your needs can be addressed effectively with a traditional sales process.
How will a Short Sale impact my credit score compared to the impact of a foreclosure?
A Short Sale generally limits credit score impact to score reduction(s) related to the missed mortgage payments. There is no foreclosure and none of the impact associated with a foreclosure. In fact, with diligent care, many Short Sale sellers can qualify to buy a home again in as few as two years.
Does the type of mortgage make a difference?
Yes, it does. There are differences between Short Sales for Conventional, VA and FHA loans. Lender requirements vary from company to company and there are also differences in the procedures/requirements for homes with 1st and 2nd mortgages. In the initial consultation meeting with a member of the Preferred 1 Realty team we will discuss the specifics that affect each individual homeowner, helping you to understand the options and best plan to sell your home to avoid foreclosure.
Is there any financial compensation for the seller in a Short Sale transaction?
Generally no. For FHA Short Sales there is a seller participation incentive of up to $1,000. For Conventional and VA Short Sales there is not usually any financial compensation for the seller.
Is there any direct financial impact to the seller in a Short Sale transaction?
Currently, the IRS considers forgiven debt as taxable income and seller in a Short Sale transaction can expect to receive a 1099 form from their lender for the amount of debt forgiven in a Short Sale. For the most current tax implications of a Short Sale and how those implication may affect you, Preferred 1 Realty recommends that you speak to your CPA, financial advisor or other tax professional.
Does Preferred 1 Realty charge a fee or receive other financial compensation for its services?
There is no fee to the homeowner for our services.  Preferred 1 Realty is a real estate brokerage licensed in the State of California and all agents working as part of the Preferred 1 Realty team are Agents or Broker Associates also licensed in the State of California, and as such normal real estate commissions are received as part of the proceeds from the sale of any home. In a Short Sale, these commissions are paid by the lender as part of their proceeds received, not the homeowner.
If I sell my home in a Short Sale, where will I live?
Preferred 1 Realty agents are licensed real estate. This powerful connection with Preferred 1 Realty gives our clients access to properties for lease throughout the Inland Empire Area, Los Angeles Metropolitan Area, and to other agents across the country.
Wow! I'm impressed with what I've seen, but do not need a Short Sale solution to sell my home. I would, however, like to have the Preferred 1 Realty team list my home for sale as my agent. Do you represent clients wishing to sell their homes in the traditional manner (i.e. without lender concessions)?
Yes! All of the agents on the Preferred 1 Realty team are licensed real estate agents and are happy to work with you on the sale of your home or property. In fact, many of the techniques we use in effectively pricing and marketing homes for our Short Sale clients translate exceptionally well to more traditional homes sales and can help us to deliver results in line with your personal goals regarding your home sale. Please contact us today using the "Contact" tab on this website or call us directly at 951-324-0080 and we will be happy to schedule a listing appointment.
I am interested in pursuing a Short Sale to sell my home and would like to determine if I am a candidate. How can I take the next step?
That's why we are here! The Preferred 1 Realty team of agents recognizes that anyone facing foreclosure is facing issues beyond just their mortgage woes and we want to help. You may contact us using the "Contact" tab on this website or call us directly at 951-324-0080 and we will be happy to schedule a consultation appointment.