10. The Foreclosure System is Currently Overworked
With the onslaught of foreclosed properties in housing markets around the county, Real Estate Professionals are experiencing problems they've never seen before.
The increased volume and never ending Seller demands has stretched listing agents beyond their capabilities. As a consequence, phone calls are not returned on a timely basis, the multiple listing service is not updated regularly and often times the information is wrong.
The foreclosure departments at the banks are overloaded as well and their response to offers can be slow. This process can be very frustrating to a Buyer.
Patience is a virtue in this purchasing process, so be prepared and understand that you are working within a "system" (The Bank Sets the Rules). Unlike you as a Buyer, banks have no emotional attachment to the properties on their books so don't be offended if you have not had a response according to your timeline...it's not personal.
If you are thinking of buying or selling a home, contact Andre Allen, REALTOR® with Keller Williams Realty - Atlanta Partners servicing the real estate needs of Metro Atlanta, GA. Contact me at (404) 939-3731 or AndreAllen@kw.com.
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