Waiting and Waiting and Waiting - Patience in a Short Sale Transaction
My client contacted me yesterday. We had an accepted contract in an Arizona short sale transaction, and it was effective December 16.
She wanted an update on her short sale.
As an agent, I know it's hard to wait, and I'm here to answer your questions.
But, remember when you professed an interest in a short sale property and I gave you a grocery list of common characteristics of an Arizona short sale transaction?
Remember when I warned that the process can take many, many months at times.
It's really hard to wait. Buying a new home is EXCITING.
But Arizona short sales are often, all about waiting.
I've worked on both sides of the transaction and vividly remember it took three WEEKS for a lending institution to RECEIVE a fax sent prior. It's because it goes onto a pile, on someones desk, under who knows how many RECEIVED FIRST.
The selling agent is great. He responded to my query on behalf of my client with much optimism, and gave what news he could.
Fortunately, my client was pleased with the little update, because she REMEMBERS my little speech on having a firm sense of humor, to expect delays, and the possible length of the Short Sale process.
We all appreciate communication, no matter if we are forewarned or not.
"No news is good news" is not often what we want to "hear".
So, I'm HERE for you, and I HEAR your anxiousness in waiting for good news in an Arizona short sale transaction.
We'll wait together.
Comments(7)