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!
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