Okay, so here's the scenario.....
Imagine that you are a seller and you lost your job from a layoff about a year ago. You made house payments until your family's savings was depleted. You went on many interviews but never could land a new position. Then, to add insult to injury, you were involved in an auto accident and now have difficulty getting around; both you and your spouse. You've been in constant contact with your lender and they suggested that you short sale your home. BTW, you are at retirement age. You've lost everything. The only thing you have left are your possessions and you really aren't sure where you will go or how you will pay for it once you get there.
So, you gradually pack your items to prepare for the move all the while, showing your home to prospective buyers that are keen on getting a deal. You know that you paid 30% more than the list price for this home that you loved so much when you purchased it. This home was supposed to have seen you through your retirement. Your world has dissolved before you. You lose more sleep every night while you count every penny that you can scrape together to put into your gas tank each day. Yes, you are depressed and find it difficult to even eat or awaken each day.
Along comes an agent that shows his buyer your home for the second time. You and your spouse leave for each showing though very difficult considering your health. Looks like they may put in an offer. Your agent instructs the selling agent that this is an as-is transaction and has also clearly stated on the listing that whatever the commission the bank honors, will be split. The sale is contingent upon bank approval.
So here comes the offer. The offer asks for $15,000 less than the bargain price of the property plus closing costs. The buyer is also asking for a survey, a septic cleaning, a home warranty, a full-blown pest treatment by a specific company, all pest-related damages to be repaired as determined by an inspection, $2000 in any FHA required repairs, plus 30 days due diligence. The agent also submits commission instructions to the closing attorney for 3% to each party for your agent to sign. Oh, one last thing....the buyer wants your washer and dryer, your refrigerator, and a hot tub that is packed in the basement that actually belongs to someone else. No mention of a short sale stip, no as-is clause.
Please, someone help me understand how agents can submit offers like this with a clear conscience. Do they not realize that sellers that are actually going through the motions of trying to execute a short sale are still involved in the game and that they care? Wouldn't they have moved out in the middle of the night unless they are actually trying to do the right thing? The sellers have lost everything and you want their stuff too?!
Perhaps agents need to watch the videos that we saw in CDPE class of the families being physically removed from their homes. People, this stuff is real! This is a sad time. Can you please try and make this horrible circumstance, less horrible? This is much more than another commission check or opportunity to engage in a hard negotiation.
Sorry for the rant!