short sale opportunity: Buyers reluctance right before the closing is normal on short sale
- 06/11/10 03:41 PM
I recently talked to an agent about a deal where the buyer and buyer agent waited 4 months for an answer on a short sale from the bank. To say the least the short sale process was a nightmare. Anyway, after close to a dozen counter and 2 months of negotiations, we get a final offer from the bank in which they need a $4000.00 note for for the PMI company and they will accept the loss of $150,000 and let the seller out with no deficiency. Anyway the stubborn seller who has no money and honestly does not care will … (2 comments)
short sale opportunity: Exclusive buyers only - 3 years with multiple Realtors
- 06/10/10 05:22 PM
I insisted a buyer come in my office for a consultaion before we would take him out to preview properties. He had worked with multiple Realtors over the past 3 years, visited dozens of homes and wasted tons of time. My 1st comment was "wow 3 years and you could not find a home" he said the Realtors were not showing him the right properties, plus he believes the bottom has not come. I asked, how will you know when the bottom has come... he explained I guess I will know when I see it in the media. I said "good … (6 comments)
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