Sometimes I wish the banks would allow the Short Sale listing agent the opportunity to sell the home as a REO.
I have about a 70 percent return rate on short sales. Even though I am certified as a short sale agent, I do not do a lot of marketing for this kind of business, but I do list them.
Usually it is a referral of a past customer or friend; is how I get these listings. I do try everything in my power to get it sold, and market it just like any other listing. I work very hard to get them to the closing table.
However if the bank/investors bottom line is more then the market value, I loose. It is not because I did not have offers.
So I was checking on a couple of homes I had listed as short sales, and I did not get them sold, as I always wonder what the difference is from their bottom line for a short sale VS what they will list as a bank owned. I know I should not do this, as it is always salt in the wound!
Today, I found 2 that are listed for so much less then what they would take as a short sale. One was so low, it listed and sold in no time!
Well I can do that! List low and sell!
With this particular home I had a ton of showings, so I am interested to know ( and probably will never know) is the buyer a person who came through the home with their agent to preview. It sold so fast it makes me think it was.
It would great if the bank/investor would give the option to the agent who worked so hard to get it sold as a short sale the option to list as a REO. You know business to business respect and all!
So wondering if any agents out there has tried to solicit this business, and if you were successful?