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HURRY UP AND WAIT SHORT SALES SHORT ON PATIENCE

By
Real Estate Broker/Owner with people first...then business Ran Right Realty 636943 licensed to thrill

Professionals move with a purpose. Doesn't matter what the profession is either. I have seen doctors apply their trade with confidence, attorneys rock & roll, police veterans take control of problems, escrow officers move transactions forward and agents perform responsibly. Applying ones savvy toward a result will bring it in. So, why cant the banks be professional?

PROBLEM/SOLUTION=RESULTS

In my world, as soon as a problem shows its ugly challenging head, I am all over it with solutions that make it seem like it was never there. I don't like delays, non-response, irresponsibility, or procrastination especially in the business world. Business dynamics take precedence sort of like math does. It should be true and constant

NO ACTION PLAN...JUST AN INACTION PLAN

Why is it that banks take 6-18 months to close a sale?  Do you really want to be indoctrinated in their excuses as to why things don't get done? I don't. Go to any business that has to interact with the public to be successful and you will find action plans being acted out timely. No fuss and no muss

THERE ARE RULES IN BUSINESS

Why? Because if you don't, you go belly up. But you see the banks don't operate by standard business rules. Their behavior in not acceptable, but they get away with it. I go along because they have the gold and they rule, but that doesn't make it right.

THE SWORD OF ACCOUNTABILITY CUTS BOTH WAYS

When I am put on notice that something is needed to move my transaction forward, if I took months, I would lose my license and my clients. I get everything done right away and then go into a WAIT MODE when dealing with banks. The thing about waiting for a bank is not the same as waiting in line to pay for something either. You dont even know if you are checking out or not

ARE WE THERE YET?

When checking out, you see the line moving, people transacting and slowly but surely you move a little closer to a successful transaction. With the bank, you don't see or hear anything unless you keep calling and following it up. Very one sided business.

BANKS NOT ON THE SAME PAGE

Buyers want to buy. They want to give their money to a bank, move in and get on with their lives. Sellers want to bring closure and seek out their next opportunity. Agents want their clients content and would like to get paid. So, the question gets begged.....

What do the banks want? I am not sure. Sometimes I think they hide in all their confusion to mask their lack of professionalism

Comments (8)

Catherine Ulrey
Keller Williams Capital City - Salem, OR
Equestrian and Acreage Property Specialist
They seem like politicians to me. I am trying to avoid short sales now whenever possible.
Feb 22, 2012 12:07 AM
Paige Wajsman
Keller Williams Jacksonville Realty - Jacksonville, FL

I love this blog!!! It is so TRUE!! I am reposting and suggesting it be to featured. I sell in Jacksonville FL and have more short sale listing then anything else, I am grateful for the business but the process can be frustrating to all involved. Thank you so much for sharing!

Feb 22, 2012 12:10 AM
Lee Davenport
Sandy Springs, GA
Learn With Lee: Real Estate Coaching & Consulting

I hope the efforts they are making this week to fine lenders for not responding during a specified timeframe are passed - it is so needed.

Feb 22, 2012 12:11 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Hi Richie,  "So, why cant the banks be professional?"  One word ... GREED!  The banks want to continue to make massive profits by whatever means.  Power is where the money is ... the banks get away with financial murder and rather than going to jail they pay a fine in restitution to the public they do not serve. 

Feb 22, 2012 12:19 AM
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Richie,

There are certainly a solution here, but no one is stepping up to make sure it's implemented. This is one area where a government regulation mandating a specific timeline would help.

Rich

Feb 22, 2012 12:20 AM
Jon Eliason
EXIT Realty Advantage Pagosa, Pagosa Springs, Colorado - Pagosa Springs, CO

Richie ~ The "Are we there yet?" part floored me... Keep it up! =)

Feb 22, 2012 01:02 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Catherine...the true Real Estate voice of America...Are you listening all you lip service banks out there...MOVE IT ALREADY

Paige remains a refreshing reward for all the nonsense you may find in this business...thank you P

Lee...I am with THEE...Why is it we need to threaten them with litigation, rules etc...?

Kathleen...the one word specialist..Yes dear lady. We may not have the power to change things right away, but we are not stupid, blind or without capacity either. Just think too..the CEO's get big bucks? FOR WHAT?

Richie to Rich agram.......That person would have to carry a big respectable stick to make financial institutions obey anything. Now who would that be? Rich, bring back NO HUNNY NO MONEY dynamics. If I performed and you did not, well that should cost you $$$ and that money should go to the AGENT. Yes, I said it...Then, when you are sick and tired of paying out all these losses, you may stop at anytime and act professional...

 

Feb 22, 2012 01:11 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Jon...I busted up too. Thanks for the encore statement...I am still laughing right now. I love this business

Feb 22, 2012 01:11 AM