Last week Buyer's Agent said that a nice couple I had referred to him was putting off buying now until after the tax credit for first-time home buyers was over.  They were tired of competing with all the multiple offers going in on properties right now to get take advantage of the FTHB tax credit.  They earn too much money to qualify as FTHBs but they do want a deal!  As an attorney and realtor with a constant flow of short sale listings, I (of course) said: "Show them short sales."  And so he did, and they were the only offer and it was accepted and off to the lender they go. 

A happy ending in an unhappy market.

 
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3 Comments on Not a First Time Home Buyer? Put an offer on my Short Sale! Now!

OCT
28
Outside Blog

Since they are not counting on the tax credit, they are perfectly set for a short sale, provided they know the ropes and are willing to wait.  The process can be painful, but so is missing out on multiple properties with multiple offers.  Good advice.

1:34am • #1

As long as your buyer can "hang in there" for 4 - 6 months, short sales are fine. 

11:15am • #2
288,495 Points 2 Featured Posts Outside Blog

Short sales are really nice for the buyers who are willing to ride out the uncertainty. I had a buyer walk on one this morning!

1:20pm • #3

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Lynn Arends - Attorney | Realtor | CDPE

Seattle, WA

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Keller Williams Realty

Address: 4452 California Ave. SW, Seattle, WA, 98116

Office Phone: (206) 935-3442

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