Real estate blog entries tagged with buying short sales by Wendy Rulnick "Its Wendy!" Destin Short Sales (Rulnick Realty, Inc.)

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buying short sales: 5 Tips to Get Your Short Sale Buyer to "Walk" - 07/01/09 07:56 PM

Today I was talking with a title agent in my Destin Florida market who handles short sale negotiations for agents. He lamented that he had two contracts recently fall apart, with buyers walking.
“Why?” I asked.
“ Well, the agents don’t have the seller sign the contract, … (67 comments)

buying short sales: I Don't "Sell" Short Sales - I Just "List" Them - Until Now! - 06/07/09 11:35 AM

OK, I love listings. Always have. I rarely work with buyers- only with personal referrals, friends, relatives or repeat customers. All of my buyer leads go to my team. I also love short sale listings. I have been presented with hundreds of short sale … (10 comments)

buying short sales: Q&A From Destin Short Sale Buyer - 01/23/09 05:21 PM

Wendy,
I have read quite a bit of your articles regarding Destin real estate and area short sales. I have made an offer to buy a short sale in October and we are still waiting. The house is brand new, it's listed for $799,000. The builder owes over $700,000. The house is not … (14 comments)

buying short sales: When is a Contract NOT a Contract? - 12/13/08 10:55 AM

Is a contract NOT a contract when it is signed by both buyer and seller? Again and again, buyers are walking from short sale offers with no penalty, sometimes encouraged by their selling agents. Here are two emails below from agents in the Destin- Navarre Florida area whose buyers simply backed … (47 comments)

buying short sales: Short Sale Offers- Is This a New Trend? - 12/08/08 06:29 PM

In the past ten days, I've had agents call me with "verbal" offers on three of my short sale listings.
Property: House in Navarre FL List price $114,000...verbal offer $70,000
Property: Condo in Sandestin FL List price $580,000...verbal offer $500,000
Property: House in Niceville FL List price $199,900... verbal offer $120,000
… (30 comments)

buying short sales: "Sly" Short Sale Buyer - A Cautionary Tale - 11/23/08 11:49 AM

My story takes place in Destin, Florida. I have modified parts ever so slightly to protect identities, but I write this as a cautionary tale for short sale listing agents and short sale sellers.
I received an offer on one of my Destin FL short sale listings. It was a well-done … (13 comments)

buying short sales: How "Not" To Buy A Short Sale - 08/13/08 03:02 AM

Yesterday I received an offer on a Short Sale listing in Destin Florida. The list price was $216,000, a bit below market, and the house had been for sale for over five months. An agent produced an offer for $175,000 and it was contingent on seller's lender approval within 45 days. It also stated "The … (84 comments)

buying short sales: Short Sales: For Buyer's Agents - 03/12/08 05:18 PM

Are you the selling agent in a Short Sale market? Arm yourself with information for a successful transaction:
1. Prepare your buyer by going over steps in Buying Short Sales.
2. Ask the listing agent if he has gathered the information necessary to submit the Short Sale package, including: letter of authorization, financial statement, … (13 comments)

buying short sales: Buying Short Sales in Destin Florida - 02/17/08 11:59 AM

Buying a Destin Short Sale? What is the Process?
When you write your offer for a Short Sale, your agent should insert language into the contract that states the contract is "Contingent on seller's mortgage holders' approval". Often, lenders require Short Sale properties to be sold in "as is" condition, thus … (14 comments)

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