Hi folks. Over the past few years I have had some heated discussions with Investors about Short Sales. The biggest discussion is usually about price. Investors of course are out to purchase the Short Sale as cheaply as they can so they can turn around and flip it for a profit. Their argument of course is that the Seller can't receive any funds from the deal so the price shouldn't matter to them.
Of course, I totally disagree with this thought process. Sellers DO care how much their property sells for. And it does matter. It matters when they get stuck with a tax bill. It matters if they end up with a deficiency and a collector going after them.
Some Investors will argue this point until they are blue in the face. In fact they pretty much feel that real estate agents should stay out of the "property liquidation business".
And that my friends is where the problem lies. Investors approach Short Sales as a liquidation. Agents handle Short Sales as a salvage mission. We are trying to help our Sellers salvage what's left of their credit and dignity.
This is a fundamental difference that will always create a barior between Investors and Agents. At least that's my opinion. What's yours?
Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.
Want to find out more? www.CentralFloridaShortSales.com
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