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'.
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