Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
BREAKING NEWS! My commission is NOT subject to "3rd party" approval in a short sale
Here's the thing. When I sign a buyer agent agreement with my client it specifies a time period and a commission amount. It also obligates my buyer client to condition offers on the seller payment of my commission. That is NOT subject to any 3rd party approval.
Now I realize that the '3rd party' may not understand or accept this inconvenient fact but a fact it remains. I explain to my client that they may be put in the position of having to pay any shortfall out of pocket...that makes them unhappy and they generally decide to leave the short sales to others. Fine by me because, generally, getting involved with them is a waste of time for everyone involved.
There are enough legitimate sellers out there to get a real good deal rather than smoke and mirrors which is what most 'short sales' are.
==== Follow me on For those who have a real desire to own a home , have good credit and want help with the search, the process and especially negotiating the purchase, I'm available. My speciality is discovering financing options and negotiating purchase price and terms as an advocate for home buyers. Each ... more
Are you on The Rain? Grow Your Network!