short sale: Cash Buyer - Short Sale - Can Close Quickly - Who Cares?
- 06/05/11 07:39 AM
Buyer's that offer cash on short sales and think that it's a bargaining tool, that they can "close quickly", are not informed as to what the short sale process really entails! In fact if a buyer has the attitude, "Accept My Cash-Quick-Close-Offer, Or Else", it can make the seller's agent refuse the offer as they want a buyer who is going to wait and be patient for the property to go through the short sale process. Bank negotiates are not going to move any more quickly for a short sale but many buyers still want to try this tactic. Negotiating is (7 comments)
Just yesterday, my brand new client, I'll call her "Brenda", bounced into my truck and with a bright smile said to me, "We are interested on one of those "Short Sales", because we want to get all moved in before Halloween". I tried to keep my jaw from dropping as I took in the reality that she actually thought that a short sale meant that the escrow time was short. I told Brenda that we needed to have a cup of coffee and talk. So as we sipped our lattes at Starbuck's, I began........A short sale is the result of (1 comments)
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