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I Shall Not But Love You Better After Short Sale Cancellation
I concur with Elizabeth. Buyer's agents often don't do their part in keeping the short sale going. Buyers need eductation, honesty, communication and nurturing. Hey, who doesn't need that?
If you want to listen to how many ways can I say no, ask me about repairs on a short sale. Or, price renegotiations after short sale approval. There are at least 50 ways to say no to renegotiations after short sale approval.
As a Sacramento Short Sale agent, I try to be explicit when I send the approval letter to the buyer. Often I explain to buyer's agents, just in case they've been living under a rock, that their transaction is an AS IS short sale. There are no repairs. No additional credits. No adjustments to price for unforeseen conditions. If they find something wrong during a home inspection, they can fix it or live with it or cancel. That's the 3 choices.
Pick one. Quit whining.
The bank will not lower the price. It would have to be a major defect, making the home completely unsaleable for the bank to consider a price reduction, so in 99.9% of the cases, it's just not gonna happen. Still, that doesn't stop buyers from ... more

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