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Short Sales Woes

By
Real Estate Agent with One Property Source

A year ago I would have told you that I had rather have a gun pointed at me than to work on short sales.  But guess what, when the market is 60% short sales and foreclosures, you better change your mind set.  The short sale process is certainly more involved and time consumming but can be a real asset to the buyers and also to the sellers that are in a financial crisis.   Learn the questions to ask and understand the procedures with the lenders so that you can better advise your clients.

Comments (4)

Joanne Gillet EdgeOfTheBeach.com
Edge Of The Beach Realty - Pawleys Island, SC
Experience is not expensive. It is Priceless!

I am with you! I thought I would avoid as many short sales as I could but now...

you are not doing business unless you are dealing with them in a knowledgeable way!

Jun 21, 2010 03:04 AM
Katherine Fornale
REMAX REALTY 9 - Howell, NJ
SFR, GRI

Pat, I agree with you but then I was lucky enough to find excellent help and tips on a web site www.shortsalesuperstars.com

Jun 21, 2010 03:05 AM
Sandy Wagner
RE/MAX Professionals 253.225.8322 - Gig Harbor, WA
Short Sale Specialist Tacoma, WA, and Gig Harbor,

Learn the process so you can get these through as quickly as possible. Things are changing a bit with the lenders, but every day is a new adventure. ;) I actually love doing short sales.

Jun 21, 2010 03:05 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Short Sales are the most intense sales but we have been doing them for 3 yrs and they are the business at this point.

Jun 21, 2010 03:09 AM