I am not the biggest fan of short sales, but if you have a lot of patience they will normally work out. If you have a little patience you have a good shot a getting your offer through.
A LOT OF PATIENCE = Willing to wait 2-3 months for the bank to accept your offer.
A LITTLE PATIENCE = Willing to wait 1-2 months for the bank to accept your offer.
I bring this up because 2 weeks ago I got an offer on one of my short sale listings. We had just got the BPO done and were waiting the bank to approve the sale so I told the agent this would be a quicker short sale and we should know by the end of the month.
THANKS FOR YOUR PATIENCE! Today get a cancellation. Of course later the bank says they are ready to move forward with the short sale.
Buyers and Agents...do you seriously make offers on short sales expecting to know in less then two weeks? If so, probably don't make an offer.
On the positive side I have a pre negotiated short sale and hopefully can get another offer quickly.
Chuck Carstensen - RE/MAX ASSCIATES PLUS INC.
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