The Kitchen as Market Sale    Kitchen - When listed as a short sael    Same Kitchen - foreclosed

winterized

Though you have to look closely at the 3rd picture, just above the sink, is notification that this home has been winterized. This is the tale of one sellers need to sell, a listing I initially had as an overpriced market sale (and previously blogged as PU, a problem with cat urine) that later expired, relisted as short sale.. expired, and two years later foreclosed on. The sad thing is it really did not have to go down this way. In the end the home sold for almost $200K off the top. Had the seller only listened to two competent agents suggestions to get the price down, even if it meant taking a loss (going for a short sale), the seller, bank and investors could have made out so much better. In the end, the house that was once a home was disgraced by flyers posted at every turn that "This property has been winterized". Since this listing I have worked a number of short sales, sales where we had to get very aggressive with pricing to prevent a bad deal from getting worst.

I feel sorry for this seller. Her son when off to fight, I sat at her dining table and was fed until I was no longer hungry, but in the end, I was unable to help her realize that her home was just not worth what she needed to clear the note, and that we needed to peruse other options. God bless you D

Bart Foster, Realtor
ERA The Norton Group
http://bartsells.com

 

4 Comments on Market Listing > Failed Short Sale > Foreclosed. It did not need to go down that way

APR
05
167,099 Points 1 Featured Post

Too bad.....it's hard to show sellers what the situation really is out there. But perhaps you can help others with this story.

9:09am • #1
9 Featured Posts Outside Blog

The journey and the effect of some have been so heart touching.  It is such a shame.  We wish we could spread fairy dust to make all numbers work for out clients!

9:10am • #2
308,172 Points 3 Featured Posts Hit Router

Bart, we're getting this all the time also.  After a while I just can't feel sorry for those with their heads in the sand.

10:03am • #3

I just beat down cat urine in a home that previously had 64 cats.  That was as much of a learning experience as my last short sale!

11:24am • #4

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Bart Foster; Real Estate Consultant Realtor®, ePro®, SRES®

Boston, MA

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ERA The Norton Group

Address: 699 Broadway, Somerville, MA, 02144

Cell Phone: (617) 230-2370

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