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Do Most Good Agents Show Short Sales?

By
Real Estate Agent with HomeSmart Advantage DRE# 5631215-SA00

Do most good agents show short sales?  This is a good question that beckons more investigation.  You see, ever since buyers agents have started showing short sales, they are noticing that they have to work 10 times harder for a deal.  Then, even as I 'think of my buyer' and keep showing short sales myself, I heard the other day from a buyer, that they heard most good agents quit showing short sales because they are a waist of time.  I knew that used to be a pattern of the past, but it made me pause and really think- Do the ones that are making more money seem to have avoided and taught their buyers how to avoid them? 

It is a seriouss question.  Who would not just want to kick the old short sale routine to the curb when showing homes and just outright talk their buyer "out" of them?  I know I have a strong inclination to do just that.  Just today I told a buyer that 'most of the time they are a waist of time, particularly for people shopping from out of town, like you are, precisely because of the long wait, you end up finding something else anyway'.  'Then since you are from out of town, you won't be able to follow upon other things.  The other better opportunities you could have put an offer on, while you were in town are becoming fast non-existant for you.'  He responded, "Makes a lot of sense."

So, I ask you again, do most good agents show short sales?  I think you can now fill in the lines for your own situation and just see where it takes you too.

At very least, many Realtors, depending on your MLS are fast educating their buyers how to avoid ones that are already under contract for sure.  For video and audio examples on how to educate buyers on short sales and how to shop the market with short sales as part of that dead debris one can eliminate from batch, go to www.st-george-realestate.com.

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**ALL INFORMATION AND CONTENT IN THIS BLOG IS ORIGINAL TO BRIAN HABEL

Brian Habel, Fidelity Real Estate, PC

St George Utah Real Estate Specialists since 2004

100% Club, Top Producer since 2004

 

Robert Hammerstein
Christie's International Real Estate - Hillsdale, NJ
Bergen County NJ Real Estate

Brian - Yes we show short sales all the time... Buyers want to see them we take them. It's our duty to show all available homes and I emphatically clarify that term "Available"

Apr 28, 2011 10:22 AM
James Loftis
RealEstate911.com - West Palm Beach, FL
RealEstate911.com

I prefer to show only bank approved short sales.

Apr 28, 2011 10:43 AM
Brian Habel
HomeSmart Advantage - Saint George, UT

In our Washington County of Utah, they can update the status of a short sale to "Offer Under Review".  It is even a chore then to still help them realize that most of these already have offers on them.  But we still get all kinds of requests to show even these, except, they don't want to see them anymore when they find out they could not read, that it already has offers on it.  So, I'm busy helping people just figure out that most of them have offers already and we have to call on a good half of the other ones that still market as Active, when they also, many of them, already have an offer or two on them.  The back up offers go in a folder and do not even get submitted to the bank on most of them.  I hear it may be different in many areas, that all of them get presented.  Kind of makes it a real educational time when you finally get a buyer who wants to go and "see the listings".

Apr 28, 2011 12:06 PM
Gwen Kelly
Broadmoor Realty, Inc - Long Beach, CA
Long Beach, CA Real Estate

Have to admit that I only show Short Sales that are "Bank Approved", and then after the listing agent has called me back to let me know the actual status...

Apr 28, 2011 06:39 PM
Robert L. Brown
www.mrbrownsellsgr.com - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Mic

They are a pain but i do explain to the buyer that they will be a lengthy process.

Apr 30, 2011 07:45 AM
Brian Habel
HomeSmart Advantage - Saint George, UT

Here, here... lengthy and Bank Approved... sounds like I could talk myself into limiting to that... maybe.  Kind of like talking myself into some limits here.

Apr 30, 2011 01:03 PM