I am posting this blog in response to a post by an agent in MD about how short sales do not work and only help the banks, the agents but not the homeowners !!!!
My take on that:
We are sales people , not financial planners , not attorneys or accountants. We are here to sell homes .
Let's not loose sight of that . We have to do that trough a bust market just like we did trough a boom market. The more homes we let go to foreclosure the worse the market will be .... and that hurts everyone.
Is thinking like this that got us in this mess in the first place. We couldn't put a stop or regulate the insane lending; now we can't put the brakes on the foreclosures.
Banks could, but they desperately need some fresh thinking and some executives with some smarts and some guts !!!
Forget the fancy degrees and so called "experience" .... bring some people with some common sense to the table.
Sometimes the short sales work, sometimes they don't. Remember this is all new for everyone ( least at this scale ) However it is not wise to just refuse to provide service when needed.
We were all competing to help people buy these homes a few years ago!!!!
Sellers are asking for the short sales. Guess what? They can stay longer in the homes while the process of short sales take effect and they aren't as upset and depressed about it as they see some light at end of tunnel and some hope. Some homes will sell and when they do everyone wins.... we all know what happens with the ones that don't . They end up being the eyesore of the neighborhood bringing the rest of the values down into the dark whole of no return.
This process all started with the few investors that were advised by "some wise agents " to walk away from their investment since it went down in value. 2 to 3 of those in 2007 turned into 20% to 30 % of the entire neighborhood by 2008....
I think we all need to do less advising and more of what we were supposed to do ! SELL HOMES !!!!!
Let me know what you think. Posting your Sucess stories , or less successfull ones is encouraged:)
Thank you !
Hey Elena, nice to hear from you. I think there are goods and bad in this economy. For every loss by a homeowner or bank there are now a large pool of investors and flippers who will improve th property and resell it so we have a checks and balance system. it will work itself out and as you said the key is making the right choices.
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