short sales: SHORT SALES ARE SOON TO BE MOVING SMOOTHER AND FASTER
- 05/30/10 06:37 PM
This is good news for sellers, for buyers, and for real estate values in general because this will reduce the downward pressure on prices. It works like this, when banks take long to approve an offer (anything over 72 hours is inappropriate) sellers sit, buyers' walk away, buyer's think they should, and probably they do deserve a lower price on the property for all their waiting and hassling, and uncertainty. The longer a seller is in their home, when they know they are not getting any cash at closing, the more deferred maintenance that gets put off, and it's just a … (1 comments)
This is good news for sellers, for buyers, and for real estate values in general because this will reduce the downward pressure on prices. It works like this, when banks take long to approve an offer (anything over 72 hours is inappropriate) sellers sit, buyers' walk away, buyer's think they should, and probably they do deserve a lower price on the property for all their waiting and hassling, and uncertainty. The longer a seller is in their home, when they know they are not getting any cash at closing, the more deferred maintenance that gets put off, and it's just a … (1 comments)
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