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When can we stop selling homes as a Short Sale?
When can we stop selling homes as a Short Sale? Another day today, receiving another call from another distessed Seller. Back in 2008, I actively enlisted myself to help the distressed Seller and continue to do so today. Helping a distressed Seller is very rewarding. At the time, it seemed that only a handfull of Realtors were learning all that they could and working hard at saving homeowners from Foreclosure whereas, the majority of Realtors couldn’t stay far enough away from them. Fast forward to today, December 2012, most Realtors now will list a distressed Sellers’ home for sale due to the sheer numbers of likely Short Sale Sellers. Of course, that doesn’t mean that they’ll have a high rate of succes at doing it, as they’ll find out it’s a lot different from selling a non-Short Sale home. Short Sales require perserverance, negotiation skills and empathy.In my South Florida Real Estate market particularly Coral Springs, the averages are running around 25% of all closed sales. Add that to home sales that have already been foreclosed upon and you have around 40% being distressed home sales; a whopping amount of distressed homeowners. That’s a high on going number and I’m not ... more
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