I can't wait for the day that short sales fall off the face of the planet! Many of my clients whom I have said before are first time home buyers. Sadly this means that I am writing what seems like hundreds of offers on short sales! I cringe everytime I check inventory for new listings for my clients!

I know I shouldn't be complaining because I am writing offers, but between the wait time and in most cases the listing agent knowing nothing about short sales it is just too much to bare! I have four different clients that have offers out on short sale properties, so maybe if I am lucky I will close escrow in 2010!

I try to explain to my clients that patience is a virtue and basically wait it out until one responds. One set of clients have been really proactive and we actually just got into contract on a regular sale. We viewed the property and wrote on it the first day it hit the market. My clients were actually startled by how fast everything happened and couldn't believe they were in escrow. Of course as chance would have it two of the short sales offers were both approved, so I had to regretfully say NO THANK YOU! It figures, it would take 5 months to get a response and then when my clients are FINALLY in escrow my phone starts ringing!