The Big Elephant in the Room many don't want to Acknowledge

Reblogger Amy Stoehr
Education & Training with Real Estate Masters Guild

For the most part, people seem to be very practical about the fact that short sales are a reality. Several comments, though, about wanting to avoid them and thinking they all take forever or need to go away led me to want to re-post this. My two cents: when that client who's known you since you got in the business, that one who relies on you to be the person who will take care of them, in good times and bad, comes to you and says, "I'm upside down and I need your help," are you going to turn them away or refer them out? Get educated. At the very least, you'll know if the person you've referred them to is doing the best job they can. Or, you might just discover that they're not as impossible as you think and you can rescue a client from foreclosure. Just sayin'.

Original content by Michael & Stacy Spickes

If Short Sales will reportedly be a large part of our (your) market in 2011, what do you think is the general attitude toward working them across America?  There are so many mixed feelings from agents and brokers about working them, yet hundreds of thousands of homeowners continue to face foreclosure.  Many accept that they're a part of the market and will be for some time.  Many others continue to close their eyes and hope these market conditions will pass.  As we quickly approach 2011, what is the general consensus in your area and how do YOU feel about Short Sales?

** Happy Holidays!  Read Post #33


Tanya Van Blake-Coleman
Van Blake-Coleman Realty, St. Thomas/ - St Thomas, VI
Improving the Quality of Your Life

I think 2011 is going to bring a market that shows signs of recovery already in my area. I think the mainland has more challenging days ahead. We have not had the short sale issues in the U.S. Virgin Islands.

That said, we do occasionally have clients who are close to the edge and we need to help them face facts, by taking a realistic look at their situation. Pointing out the carrying costs and the benefit of selling a little lower sooner may be the simple answer. If the carrying costs are not a strain hold on, but it is not a good idea to let the property languish on the market.



Dec 31, 2010 10:27 AM