Listing basic's 101 - dont take a listing unless "the seller" can authorize the sale with a price and commission.
We get neither with a short sale. And, we are pulling down sales prices by taking short sale listings at super low prices. These listings attract greedy buyers who hope for bank approval. Short sale listings posted as "under contract" force the real market - those who can sell, to price their home at the imaginary short sale price.
What do you think? do you have a short sale listing? Do you have one that made it to settlement? What does it take?
Give me your thoughts - they are appreciated!!