A New Trend in Short Sales in Marietta and Cobb County

By
Real Estate Agent with Atlanta Communities

A New Trend in Short Sales in Marietta, Kennesaw, and Cobb County.

If you are looking to get a deal on a home in Marietta, Kennesaw, or other Cobb County location, you should be aware of a new trend in short sales.

A neighbor was interested in a short sale listed in Legacy Park in Kennesaw.  I called the homeowner and left a message about showing it, but did not hear back from her.  I called the agent, but no luck.  I then dropped by the home to find the lockbox unable to be accessed, locked between the storm door and the front door.  The gates leading to the back yard were both padlocked.   The homeowner did not return additional calls about showing.

I thought this was odd, then I went to show the same client a short sale in Marietta that did not have a lockbox.  The agent let the homeowner know that I would be there at 11:00 am, but when I arrived, the owner said his wife was still in bed and come back at one pm.  We did, and nobody was around to let us in.   I tried to show another short sale in Marietta, and the homeowner has repeatedly said, for three months now, that every requested appointment time is inconvenient for me to show the home.

It gradually dawned on me that the homeowners do not want to sell.  They are using the short sale process to allow them to continue to live in the home without it being foreclosed upon.    And while this may not be a new trend, the practice was new to me and caught me completely off guard.  At first I did not understand, and then it became perfectly clear what was going on.  I was talking with this with fellow agents, and one of them accidently listed a short sale for someone who would not allow the property to be shown.  He insisted that she get the listing agreement to the bank promptly, but after that has not been cooperative, and has been able to live in the home for over a year without making a mortgage payment.

In the normal short sale process, buyers can spend a lot of time submitting offers and then wait months, only to have the bank reject the offer.  With this new trend, both the buyer and realtor can waste time attempting to show homes that the seller has no intention to sell. 

Magic Realtors have had success in both buying and selling short sales for our clients in Marietta, Kennesaw, and Cobb County.  We understand how to deal with banks, how to present the offers, how to negotiate, how to move along the process, how to obtain offers and back-up offers. 

. . . and now we know to purge some short sale listings.

 

If this has not discouraged you and you want to search for a short sale in Marietta, you can do it at this link: 

 http://cobbcountyhomes.kwrealty.com/listings/areas/42943/propertytype/SINGLE/listingtype/Short%20Sale/

If you want to search for a short sale in Kennesaw, use this link:

 http://cobbcountyhomes.kwrealty.com/listings/areas/40854/propertytype/SINGLE/listingtype/Short%20Sale/

If you owe more than your home is currently worth and are considering doing a short sale to sell your home in Marietta or Kennesaw or other areas of Cobb County, Georgia, call us at 770-653-0756 for a no obligation consultation.  We will discuss whether a short sale will help your situation, and show you what we do to get the job done.  But only if you really want to sell your home, because that is what we do.

 

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Melania & Jim Saltarella

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