Ok I have been an activerain nonpaying member for quite a while. Now I am on the public view for ActiveRain. I plan on spending more time here both interacting by reading and commenting on other activerain blogs.
One of the topics that I am going to look for is short sale blogs to read about other Realtors experience and inexperience, good experiences and bad. There is a lot of bad information all over the Internet about short sales. My partner in short sales and I have closed more than 100 on the seller side. The shortest approval has been a couple of weeks. The longest has been a year and a half.
Today I just received an approval letter for my buyer who has been waiting since March 2011. It is October 13th! The listing agent told me he already had an approval. I don't think he meant to misinform, but the truth is an approval for a previous buyer who walked is not an approval for the next offer. In fact the price ended up to be quite different than the first approval.
I think there are a lot of agents attempting to do short sales that should be refering and enjoying referral fees. I am trying to develop a network from both around the country and in the Boise area. We close short sales for other Realtors from Boise to McCall Idaho. This last one that I mentioned above should never have taken this long and if it doesn't close in a week it is done. The seller is sunk. Screwing up short sales does more than lose an agent a commission. It can cause a seller to end up in foreclosure so it will take a much longer time to get their credit fixed. It also causes ulcers and probably heart attacks and other stress related ilness!
I would also like to hear from some fellow Boomtowners.
Jon Gosche Broker, GRI Jon Gosche Real Estate www.BoiseMeridianRealEstate.com, www.BoiseHomesandLandforSale.com and a few others. 208-870-2115
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