Special offer

Rename the "short sale to LONG sale"...brilliant

By
Real Estate Agent with At Home Real Estate Group

The phone rings...I answer the phone and it is a nice pleasant voice on the other end. She is inquiring about a foreclosurehouse I have for sale.  She asks me how many bedrooms it is & what is the square footage.  I reply that it is a big 3 bedroom at 1811 sq ft & ask if that is what she is looking for.  "Susie" replies that is really not what she wants.  This buyer is very smart, knows what her families needs are & has been looking for awhile.  She has even seen inside other properties & has come super close to purchasing one of them. 

THOUGHTS to PONDER:  why hasn't a realtor been picked to help her thru this whole process?

continued...  We talk further & I offer a couple of times to email her properties that fit her needs.  I also ask about her having a committed realtor to help her get the perfect home.  She self-discovers that she is searching in a hot price range (ie...everything she likes gets multiple offers before they can jump on it).  We talk further about the market & how she is really not interested in purchasing a "short sale", because they take too long to possibly not even get the house in the end.  HERE is the BRILLIANT QUOTE:hourglass

"THEY SHOULD BE CALLED LONG SALES not short sales, since they take so long"

answer to pondering thoughts:  If you are a "Susie", I would love to be committed to be your realtor of choice.  It can be a cohesive relationship, where i can help you get a great deal & you could be my first call, when I recognize a great deal coming.  I love my job and committing to my clients to help fill their housing needs while we work together to make it happen.

209-321-6122 or christina@christinaoneal.com

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Disclaimer: The information provided on this website should not be constituted as legal advice. The content is intended to provide general information about the short sale and foreclosure processes, and should not be acted upon without the counsel of a qualified REALTOR®, attorney, and tax expert.

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2. Christina ONeal of At Home Real Estate Group is not associated with the government, and our service is not approved by the government or your lender; and
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Susan Goulding
Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management - Tracy, CA
Northern CA - Tracy & Mountain House Real Estate
How right you are --- ok that's it let's revolutionize the industry -- we now have LONG sales instead of SHORT SALES!
Mar 05, 2008 03:57 PM
John and Lisa Marker
RE/MAX Dream Properties - Northville, MI
That is so funny....Mike Ferry made a joke on his action workshop tapes that probably most realtors think a "short sale" is a sale that goes really quick...I am going to start to call them long sales as well..
Mar 05, 2008 10:27 PM
Christina ONeal
At Home Real Estate Group - Ripon, CA
Realtor - Ripon California

Susan - whoo  hooo...how many long sales are you doing?  sounds funny :)

John & Lisa - i love it...i will use the term tommorow & see how it goes.  take care.

Mar 06, 2008 01:02 PM
Tina Farinas
Fusion Real Estate Network, Inc. - Roseville, CA
REALTOR, ABR, GRI, SFR, CHS, e-PRO
I must agree ~ it should be called long sale.  Who ever named it short sale anyway?  The process  is long and exasperating!!
Mar 06, 2008 03:23 PM
Vicente A. Martinez
Prudential Douglas Elliman Licensed Real Estate Salesperson - Woodhaven, NY
Realtor, Brooklyn - Long Island - Queens Homes
Hi Christina. This is so true. Short sales take an average of two to three times longer than a conventional sale.
Mar 06, 2008 05:52 PM
Christina ONeal
At Home Real Estate Group - Ripon, CA
Realtor - Ripon California

Tina - exasperating is so true :)

Vincent - you are right, 2 to 3 times longer.  It sure is a test of patience.

Mar 07, 2008 12:24 AM
Benjamin Clark
Homebuyer Representation, Inc. - Salt Lake City, UT
Buyer's Agent - Certified Negotiation Expert

"THEY SHOULD BE CALLED LONG SALES not short sales, since they take so long" - Great!

Nice to finally run across a Tracy Realtor on the Rain (I haven't actively searched for one).

Tracy is my hometown. It was (is?) a great place to live "back in the day."

Thanks for posting the market information. I'll check back regularly!

Mar 10, 2008 10:35 AM
Christina ONeal
At Home Real Estate Group - Ripon, CA
Realtor - Ripon California

Benjamin - glad we found each other, I look forward to hearing your "back in the day" stories :)

Mar 11, 2008 03:35 AM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Wow, isn't that the truth, they do take so long to get an answer, close or anything to do with the file! I think I will take on the new name and call them long sales myself.

Apr 30, 2008 06:22 PM
Ray Saenz
Exit Realty Laredo - Laredo, TX
Homes for Sale in Laredo, TX - Texas, Realtor

Christina,
You are funny, some people who does not know the term what a short sale means, they think that Short is because it will take a very short period of time to do the whole transaction, they are wrong and when I tell them that it will be a long process and they need patience, they think it twice about what they were thinking before :)

When I explain them about that the term Short Sale is because the lender accepts less for what is owed, then they understand the term :) Short, a Short Pay off :) LOL.

Jun 19, 2008 05:08 PM
Peter Goodman
The Law Office of Peter J. Goodman - Melville, NY

That is the truth! Although we are quite experinced in processing short sales it seems the banks are just trying to keep up with the pace. We are finding a turn-around time of anywhere from 2 to 4 months to go from beginning to end. Long sales indeed!

Pater J Goodman

www.pjgoodmanesq.net

Mar 26, 2009 05:52 AM