I am just wanting to take a vote if you list short sales. Do you take multiple offers? and if so do you leave it active in the MLS. I am going crazy showing properties and they really aren't still available. If we all would state that there are multiple offers or state that you will only work with one offer and take back-ups all of our Realtor lives would be so much better. I personally list a Short Sale and once the buyer accepts an offer, place it in backup. Help!!!
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Keller Williams Indy Metro Northeast - Indianapolis, IN
in referral
So are you saying that these are properties that have an accepted offer, but they have the status still listed as active? Now that really wouldn't make sense. It does get so frustrating when people don't update the listing to show the true status. I was running into that quite a bit recently.
Chanda panda
Jul 28, 2009 12:57 PM
LemonTree Realty - Orlando, FL
First Time Home Buyers, Bank Owned Homes
I try to avoid them at all costs but like Eric said we do have an addendum for that. Also contact A CDPE agent in other states they know their stuff.
Jul 28, 2009 01:17 PM
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR
I call every listing agent prior to showing the property to see if's still available and if so find out how they handle short sales. This way when I show the property I can explain to the buyer how the agent works. Half the properties my clients want to see tend to already be gone, but the listing agents for these properties still allow showings and they don't disclose this to anyone.
Jul 28, 2009 01:35 PM
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"
I know all homes are getting multiple offers here, in certain price ranges.. it's pretty amazing.
Jul 28, 2009 01:39 PM
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com
I wish there were rules. I don't like to bid on them if I can help it. It's not worth the hassle.
Jul 28, 2009 01:42 PM
eXp Realty - Albuquerque, NM
eXp Realty Agent Albuquerque
It seems like different markets do short sales in different ways. In New Mexico we have an addendum that clearly states that the property will stay on the market and other offers will be accepted. We don't have a status like Active-contingent.
Jul 28, 2009 01:56 PM
Rainer
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Linda Land
This Land is your Land
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