Winners All Around: The Amazing Short Sale and The Seller's New Home

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Real Estate Agent with inactive - license is on ice with State of MN

This is a tale with winners all around, and of my unending gratitude for the trust and confidence my clients place in me.

Last Christmas I met a lovely woman who had been trying to sell her townhome for a year. Her listing was almost expired, and she was moving out of state for her job. But the idea of paying for two homes at once was more than she could stomach. 

After looking at market prices, it was obvious that she needed to sell for more than her home was worth. After reviewing her financial situation, she was not a good short sale candidate. So we determined that she would rent it out. And who knows? She might decide to move back here in a few years, and she'd have her house right there waiting for her.

Fast forward to February, when another friend called to say she had to sell her house, but she also owed way more than it was worth. In this case, she WAS a great candidate for a short sale. We had offer in three weeks, and just three weeks later we got short sale approval from the lender.

Miracles are happening here, but it gets even better.

Since my short sale friend can't get a mortgage for two years, she needed to rent. There wasn't a lot available in the right location and budget, so -- you guessed it -- she ended up renting my out-of-state owner's townhome!

I think this is the power of networking, and putting your clients' interests first. (Of course, Divine Intervention has been at work here all the way.)

Today it paid off for all of us in more ways than I can count.

Barb Charlton
www.BarbaraCharlton.com

Posted by

Barbara Charlton, REALTOR, GRI
License voluntarily ON ICE with State of MN
Cell/Text: 612-414-6721
Office: 952-898-5800
Fax: 612-677-3710
Barb@BarbaraCharlton.com

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Topic:
Home Selling
Location:
Minnesota Dakota County Lakeville
Tags:
rent
miracle
short sale
underwater
short sale advice
short sale realtor
short sale in minnesota

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Rainmaker
560,129
Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team
Ken's Home Team LLC. - Vancouver, WA
- SOLD IS OUR FAVORITE 4 LETTER WORD -

great deal! its all about listening to what people want and trying to make that happen.. Great job you now have 2 friends for life and you will recieve refferals from them.

Apr 01, 2010 02:18 AM #1
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for sharing the information. Congratulations on a great job.

Apr 01, 2010 02:23 AM #2
Rainmaker
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Barbara Charlton
inactive - license is on ice with State of MN - Lakeville, MN

Ken: It just feels so good, and so right! Thanks!

Gita: Thank you! I think we all need to know about happy endings. :)

Apr 01, 2010 02:35 AM #3
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Rainmaker
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Barbara Charlton

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