I happened to call a internet lead this morning. But I was 3 days to late. They had put in an offer on a Michigan Lake home last week. He was so proud of putting in an offer and that he was going to get the home. He just kept rattling on. I had to hide my disbelief when he told me his real estate agent told him that the short sale offer would be accepted in 2 weeks.
WHAAAAAT??????????? Is this real estate agent from the same planet I'm from? 
Has this agent ever been involved with a short sale before? I can't believe any real estate agent would tell a client that a short sale will accept in 2 weeks.
Do you know the reason why the agent said the bank would accept the offer. Because the home buyer offered over full price. Really they covered full price and then added concessions on. But the short sale list price is below market value. It is a great deal. It is in good shape.
When I asked the home buyer if they knew whether the home had been to sheriff sale or if it was in foreclosure they had no idea. The home buyer had no clue if there were any other offers on the house. They were clueless.
I felt sorry for them. I had to shut my mouth. I just listened to him go on and on. As a Metro Detroit real estate agent I can't interfere with another agent's client. So I just listened to him. I felt bad that his agent either didn't have any experience or just didn't have knowledge about them.
There are problems ahead for that real estate agent and that Oakland County lakefront home buyer.
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