Sellers of short sales have many realities to face and confront. For many short sale sellers, it is not only about losing their home, it is about changing a lifestyle.

The key to a new less stressful more manageable life for most short sale sellers is to spend less money, not just on a home, not is all areas of their life.

As a broker, it is painful for me to see short sale sellers still spending alot of money on restaurants, clothes, travel, and other discretionary items.

So many people who are losing their homes are upset at the banks. The banks are frustrating, but let's look at our lives and see what we can do to spend less, simplify our life and quit blaming others for our over spending.

I coach the short sale sellers to save at least 10% out of each paycheck, just like the good old days. It is ok to not use credit cards and to actually have some savings in the bank.

Let's get real with what we can afford.

 LORI BOWERS

http://www.loribowers.com

The Lori Bowers Group

A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs

La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.

78120 Calle Estado Suite 103

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)8311595• Fax: (760)771-5327

 
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3 Comments on Reality for short sale sellers

JUL
13
2011
191,385 Points 2 Featured Posts Outside Blog

Lori - right on. It is not the banks fault that the market dropped or that so many people got in way over ther heads. This is a good lesson for all of us - don't spend more than we have.

 

Linda
12:18pm • #1
JUL
15
2011
3 Featured Posts Outside Blog

And you would think that more short sale sellers would have money saved before they have to move because they are not making payments....but they always seem to have a new flat screen TV. 
2:28am • #2
648,281 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I agree - it is appalling to see how overextended these people are and they still keep spending.
1:13pm • #3


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