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Not Another Short Sale Blog - Oh Please!!!

By
Real Estate Broker/Owner with KTHOMES, LLC 100002367

Well, yes this IS another short sale blog.  I have been reading other people's blogs and writing my own as well about those people professing to be short sale specialists or experts.  I am one of those so called "experts" claiming that title from having taken the CDPE (Certified Distressed Property Expert) and having paid my hard earned $300 or whatever it was at the time.  And I agree that just because someone took a course and paid some money doesn't a short sale expert make.

So I have been thinking a lot lately about what does make one an expert.  Of course the advanced classes and actually seeing some deals through on both the listing and selling sides is of importance.  But I think what counts the most is really very simple and FREE.  It's called diligence.  Stay on top of the deal and follow up, follow up, and follow up again via emails, phone calls, faxes, snail mail; whatever it takes.  That will probably get the job done faster and with better results than anything. 

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Michael & Belinda Jackson
Keller Williams Group One, Inc. - Reno, NV

I have to agree with your blog. I just had one close today that we represented the seller on for almost a year ! 3000 e-mails and calls later, it closed. Let's keep pushing these short sales to close, that's all we can do.

Mar 16, 2010 11:02 AM
KAREN THOMPSON, GRI, REALTOR
KTHOMES, LLC - Frederick, CO
Colorado Homebuyer Pro

Congrats!!!!! It must feel like you gave birth......it took that long and was that painful LOL  No really though, congratulations!  You did it....

Mar 16, 2010 11:08 AM
Mary Jo Quay
H360homes.com - Minneapolis, MN
I Move You Home

Taking a class doesnt' make anyone an expert.  There are some agents who have miles of designations, but don't sell very much.

What makes an expert is results.  I have to disagree that due diligence is free.  The cost is highly focused energy and skill until the job is done.   Clients see us making flyers, holding open houses, and showing properties, but our skill is in negotiation and problem solving.  We have to be experts in communications, human relationships, negotiations,with a large dollop of compassion.  There isn't a designation for that.

Mar 16, 2010 11:42 AM
Herbert Cortes
Patchogue, NY

Short sales have been a headache for Real Estate Professionals, home owners in distress and buyers, due to the lagging servicer response time.  To help the process. lenders are triying to become more proactive.  Or so it seems...  Some are contracting third party services.  Bank of America has reportedly double their staff and, as many of us are experincing. they are pushing many of their short sales to their on-line manager, Equator.  Wells Fargo is holding short sale educational seminars and entertaining new third party services.  Citigroup is pushing special deed-in-lieu incentive programs and trying to expedite the short sale process.

Short sales are not an agents job.  This is a team effort.  And no course will give you the experience to expedite any short sale even if you send thousands of emails, letters phone calls, etc., Let alone make you any money for all your time and effort. 

The best way to handle the volume of short sales that are coming is to have a team of experts working with you and that can handle the volume, you the agent will be producing.  Your team must include Attorneys, title companies, accountants, negotiators, buyers just to name a few.

Don't try to do all the work yourself, find a reputable company to the the work for you.

Herbert Cortes
Real Estate Support Team
Quantum Leap Business Group, Corp.
888.SOS.QUANTUM
Ph 631.850.2220
E-Fax 888.777.5365
C 631.523.1411

Mar 17, 2010 04:29 AM