One can never be too sure whether or not a short sale will even close these days. I wrote five contracts in December. However, one closed without a hitch, a miracle, two backed out altogether, and the other two are awaiting approval, albeit with the standard obstacles the bank has thrown in front of all of them.
It has gotten to the point where the public is starting to believe that all realtors do is short sales now, as if the standard sale, god for bid, has gone by the wayside like the horse and buggy or typewriters. Every blog, every ad, every email starts with the words short sale. Why can't the bank just take them all and come up with a bottom line they will take for each one and throw it out there instead of all this hogwash like BPO's and appraisals?
You would think that they just want to get rid of whatever inventory they have and move on to bigger and better things that actually make them money, like new loans. Not all realtors can be short sale specialists, nor do all deserve to be like they claim. Focus on what you do best. Short sales are certainly not what I do best. But I do them out of necessity, as I'm sure all of you out there do too. So, if I can close one in five, so be it. I guess in the long run it's better than nothing. But I sure do miss the old days when I could sell a normal property that is not in distress and deal with a real buyer who doens't want everything for free. In the meantime, I will continue to do what I do best, my niche so to speak, and pray my next short sale is approved by the almighty banks. Maybe we should revolt like the others in the Middle East? Down with the tyranny of the banks! We want new leadership that closes! Wouldn't that make a great sign for a picket?
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