Here is a photo of a new short sale listing in Natomas that received a spammer lowball offer yesterday. It's in active contingent status right now, meaning the seller has accepted an offer. Since it's been on the market for about a week so far, we've received a number of offers for thousands over list price and one of those is in back-up position.
But that doesn't stop the lowballers from sending short sale spam offers. They send an email with the offer -- the offer price is generally about 30% less than the short sale list price -- explaining that the offer is not a reflection of value but rather a mathematical calculation to generate a profit for the buyer. Why do they think we care about the buyer's profit? Besides, I know how they arrived at value. List price X 70%. That's a pretty simple equation.
The spammers are sending this crap on hundreds of short sale listings in Sacramento, I imagine, with the thought that if they throw enough crap at the wall, one or two might stick. But what a waste of time.
It's a waste of time because I am obligated by my fiduciary relationship to the seller to send that spam to the seller, along with an explanation about the idiotic offer and advising the seller to flip it into the recycling bin. It's a waste of the seller's time, too, who is wondering why I had to email that spam. And it's a waste of the spammer's time because any decent Sacramento short sale is enjoying multiple offers above list price.
I receive at least several of these short sale spam offers every week. I have asked to be removed from the brokerage's database, sort of like "put me on your do not email list," but it's unlikely to do any good.
Elizabeth Weintraub is an author, columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout Sacramento. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you.
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Sacramento Short Sale Agent, Elizabeth Weintraub, has the answers to your Sacramento short sale questions.