Battiata Real Estate Group

Reviews 4

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Anonymous User

When my wife and I researched prospective candidates to be our listing agent for the short sale of our property - the Battiata Real Estate Group was at the top of the list. The Battiata Real Estate Group had been in the business for quite some time and had managed to survive through the worst real estate market in decades. This only happens if you manage get deals done. For those about to enter into a short sale, you need to set expectations. You need to recognize that short sales require time. You need to make a commitment to be able to show your residence at any given moment and to have the residence looking the best it can be each and every time. You need to have an open line of communication with your listing agent. Communication was an important part of the success of the short sale. My questions and concerns were answered promptly by the Battiata team. At times, your listing agent will not have any information for you. This is not for a lack of trying. Bank of America would sometimes have no short sale update for more than a week. The Battiata team made sure to include the most current comment from Bank of America in their emails with me so that I was aware of the situation. If you get multiple offers, make sure you select a prospective buyer carefully. Make sure that the buyer is on the same timeline as yourself. Select a buyer who is offering a purchase price consistent to the appraised target price. This will remove further delay in the negotiating process between the bank and the prospective buyer. For us, the pricing of our property was spot on. The Battiata team pegged the market value of the property as $275k at the very beginning. That was the eventual purchase price. When you get documents to sign, get them back to your listing agent ASAP. Do not sit on them. There may undoubtedly, be unforeseen delays in the short sale process, just dont have one of the delays be you. Last year the success rate of short sales across the U.S, was only at 60%. The good news is that banks are looking to approve more short sales going forward. The San Diego market is looking up too. We had many offers on our old residence. In addition, the government HAFA program has finally has its act together. Our HAFA short sale took approximately four months to close - from initial offer to close of escrow. We also received $3k to assist in moving expenses. Bank of America recently announced a new program to get more distressed borrowers into short sales with financial incentives from $3k to $30k (Yes thats $30,000.) I hope that you consider the Battiata Real Estate Group as your listing agent. They proved to be a successful choice for our family and hopefully for your as well.

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Laura Ruival

Back in 2011, I decided it was time to sell my 2 condos. As both of them were underwater, we knew we needed to find a real estate firm that specialized in short sales. A colleague of my husband’s referred us to Battiata Real Estate. I made the phone call and spoke to Matt about our situation. He assured us he could get an offer within 30 days and close the sale in 6 or 7 months. I was skeptical because I’d heard numerous nightmare stories from friends whose short sales had dragged on for over a year. The first sale went off without a hitch – I listed my rental property for sale in December and it was sold by July. The second sale was not so easy. We got an offer right away, but that buyer backed out. We secured another offer fairly quickly, but a few days before the sale was approved, my lender sold the loan to another servicer. Everything had to be redone – all the paperwork I had filled out – and our bank statements and tax returns resubmitted. The short sale team at Battiata Real Estate took care of everything, with the exception of documents that needed to be signed. However, they warned me it would delay the sale by at least four months. Almost a year later, after much negotiation between the short sale team at Battiata Real Estate and my first and second lienholders who couldn’t agree on a settlement, I had to resubmit my application for a short sale as a HAFA short sale. So many FedEx packages arrived at the house from Battiata Real Estate that my 2 year old daughter saw one being delivered and said “That’s a Battiata!” After that, the first lienholder had to agree to a payout to the second and the sale went forward as planned. It was a lengthy and sometimes frustrating experience, but it was made easier by the very capable short sale team at Battiata Real Estate. I could not be more grateful for their patience and determination.

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Melody Newell

I was considering a short sale and I attended a free seminar provided by Matt Battiata back in August of 2011. It was extremely informative and gave me several options. After my bank turned down my request to reconstruct my loan, I listed the property with Battiata to try and do a short sale. The property had multiple offers in the first three days it was for sale and it went into the short sale approval process in about one week. From the beginning to closing, it took just less than 4 months which was a very short time for a short sale to go through. During the months it was going through, the Battiata team provided me with excellent updates on where we were in the process, and patiently answered all of my questions. The contact I had with all of the Battiata staff was positive and pleasant, and this included Matt himself. Although it was regretful to go through this process these people made it as good as it could be and they have taken a very tough load off of my mind in that it sold in a short sale and was not a foreclosure. The short sale has made it possible that I may eventually be able to purchase again in the future, and I highly recommend Battiata Real Estate to anyone who is thinking of doing a short sale. If you are underwater with your home and are undecided on what to do, I especially recommend the seminar. It is an abundance of information and staff there was able to thoroughly answer all of my questions.

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Anonymous User

Matt Battiata and his team rescued us, but how it went down is worth mentioning... Four years ago, in the midst of a derailed housing market, we put our condo up for sale. Our realtor then tried everything he could to sell it, but with each passing day, condo values continued nosedived in San Diego and elsewhere. Our realtor mentioned the shortsale option, adding that this avenue was riddled with pitfalls. He noted that banks were hard to deal with, buyers hard to pin down, process could take ages, IRS implications, and so on. In other words, he was not prepared to do the work, for very little reward. Enter Matt Battiata. We heard he was well-equipped to handle shortsales, so on a whim we contacted his office, at which time he spoke with us at length re shortsales and how the process would unfold. Essentially, without glamorizing it, he assured us he could sell our condo, with the banks blessing, to a buy approved by all parties. So, from the moment we enlisted Matt, he and his staff were hugely proactive, always available to answer questions (including Matt), especially about the stuff that we were not entirely sure about---tax laws. Long story short, he and his team, after a few months of locking in the right buyer, sold our condo, and, in turn, relieved us of a huge burden. Today, we are in a home we love and are extremely aware that we owe a huge thank you to Matt and his team for getting us there.

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