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The term "Short Sale" is becoming a household word!

By
Real Estate Agent with RE/MAX DFW Associates 0534986

I had a walkin customer last week that asked me to list his home as a Short Sale. He came in with paperwork from his lender on how to ask for a short sale. More and more sellers who are in a financial bind are more educated on the Short Sale process than before.  In the past, I had to explain the process in detail, now the sellers are getting the information from their lender.

The term "Short Sale" is becoming a household word!  

I made an appointment with the seller to view his home that evening. As I arrived the outside was appealing and in a nice area. Upon entering, I knew this would be challenging selling the home. Unfortunately, the seller has given up on the home ! The pool was dirty and he had done half of the fence repair. The inside was okay but really needs a good cleaning. He stressed his apologies and said he just could not afford anything else.

Sellers really do feel bad when they can't make their mortgage and are unable to maintain the home any longer. I assured him I would help him with the sale and he would be glad he did not have a foreclosure on his record. 

A buyer who is looking for a good deal with a pool, who can do some repairs, they could have a really nice home!

Posted by

Tracy Lee Parker

Broker Associate with
RE/MAX DFW ASSOCIATES

Servicing all of North & East Texas Areas for home selling, home buying, leasing & property management since 2005!  

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Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

This is so true now the buyer's are more educated on the short sale process and are willing to work with their Agent to get the home sold.

Jun 21, 2011 05:52 AM
Robert Rauf
CMG Home Loans - Toms River, NJ

Having an informed/educated agent on your side both on the listing and buying side is a big help in the world of short sales!

Jun 21, 2011 05:58 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Not only is it becoming a household word we have so many agents who claim to be experts in this type of sale.

Jun 21, 2011 06:56 AM
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Yes they are Tracy.  I think short sales are the new traditional sale. 

Jun 21, 2011 01:37 PM