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Buyer fall out is a common symptom of short sale lag.

By Sidney Kutchuk

Managing Real Estate Broker with Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745 01233850

October 20, 2010 06:16 PM

31447 Eucalyptus Ct. Temecula Ca 92592. 4 bedrooms,4 baths,3200 SqFt.

This home is back on the market at a much reduced price! $299,663.00
It has the much common issue of buyer fall out. Buyer fall out is a common symptom of short sale lag.
This short sale has been lagging and the buyer has walked.I tried to educate the buyer's agent on the
time frames involved prior to accepting the offer,but I guess it did not sink in.

This home is now being processed as a HAFA short sale and I should have it approved soon.
So if your looking for a great buy on a highly upgraded Temecula home,and can wait for the short sale approval
call or email me.

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Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula

Realty Works Temecula - Temecula, CA

Realty Works Temecula

Sidney: Great price and it is only $94.00 per square foot which is less than replacement cost. Great home for a great price!

Oct 20, 2010 06:29 PM

Tni LeBlanc, Realtor®, J.D.

Mint Properties, Lic. #01871795 - Santa Maria, CA

Tenacious Tni (805) 878-9879

Yes, it is tough waiting on a short sale. Once it is approved the wait is a lot more tolerable. I just had buyer walk away from a short sale where they waited 5 months for a bank response. It was insulting to be bargained with on a market offer after waitign 5 months for them to just look at the file. The property is back on the market and I'm waiting to see what it ultimately sells for.

Tni LeBlanc, Mint Properties
www.SantaMariaRealEstateBlog.com

Oct 20, 2010 06:31 PM

Christine McDaniel

Christine McDaniel Realty, LLC - Avon, IN

Broker Associate

Nice home, hope you sell it quickly :)

Oct 20, 2010 06:40 PM

Tim Lorenz

TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA

949 874-2247

Too many buyers cannot wait for the banks to make up their minds on the sale.

Oct 20, 2010 06:47 PM

Sidney Kutchuk

Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745 - Temecula, CA

Property Management & Sales Experts 951-217-6745

Jane - Let do a deal together,bring me an offer.

Tim - I am hoping to have more government pre-approved HAFA short sales. It's the cure for the buyer walking disease.

Oct 20, 2010 06:50 PM

Melanie Ross

Coldwell Banker Solano Pacific - Benicia, CA

Benicia CA & Vallejo CA Real Estate, 707-319-2828

It seems like we have to be both buyers agent and sellers agent with short sales. We juggle so many people trying to keep the transaction moving forward.

Oct 21, 2010 04:30 PM

Melanie,

I like your comment.
I would welcome the chance to handle both sides in a short sale.As the seller is unable to net any funds from this type of sale,dual agency is not an issue.

Oct 21, 2010 04:40 PM

Stella Barbour

NoVa Brokers LLC - Vienna, VA

Principal Broker, Serving Virginia and Maryland

I feel for you. Been there so many times. You can't blame the buyers for getting tired of walking either. It is tiring for us handling it.

Oct 22, 2010 04:23 AM

Janice Sutton

1st Stage Property Transformations - Murrieta, CA

Home Stager - Temecula Murrieta

Patience is a virtue!! It's too bad short sales take so looooonng! Total bargain! Good luck!

Oct 22, 2010 12:56 PM

Buyer fall out is a common symptom of short sale lag.

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