Its Halloween and all through the Temecula day, short sales call are coming my way!

Wow!

I didn't need any more proof that the market we are in is tough.  But this week I received three calls for short sale listings.  That seems abnormal and concerns me since we already have such a high supply of homes on the market.  

I also heard something else that surprised me. It seems that many agents are even starting to charge a flat fee to take on the listing.  I am not sure who these agents are but two people mentioned speaking with an agent, one of which wanted $2500 to take on a short sale listing.

I know a lot of agents avoid these, but I am curious about my fellow Active Rain members thoughts on the subject. I realize that short sale listings can be brutal, I am dealing with two closings right now.  But it seems wrong to me charge someone a flat fee when you can't guarantee you will close the deal prior to foreclosure.

Now add in the current and future complications of obtaining a loan.  Right now, one short sale deal I have is struggling with a 20%, Full Doc borrowor getting approved.  The bank is examining everything and have delayed the close twice now!

I just thought I would shoot this out and share my thoughts on what I am seeing. Plus, you have to like my rhyme..just kidding.  I love Halloween!

Stefan