Short Sales in Montgomery County Maryland

By
Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

Short Sales are another way for Realtors to provide their services to the public.

Exactly how successful are the Realtors in Montgomery county MD righ now?

 Here are the numbers. . .

In 2007 there were 340total listings entered into the MLS system and branded as a short sale in the Internet remark section for Montgomery county MD

From these 340 listings. . there are only 21 reported SOLD for the whole year!

There are currently 29 "short sales" reported under contract w/ or w/out KO

The pick up in the properties under contract shows that Realtors are being more creative in getting these short sales SOLD.

Still, the percentages aren't that good. Are we setting up ourselves in getting listings that will not sell ?

How long before these banks wake up and start realizing WE ARE HELPING THEM!! and start talking to us like their friends and not their foes.

These numbers are telling us that the banks aren't structured to deal with us and the number of short sales is creating havoc in their departments unable to deal with all of us.

My advice to any Realtor that is currently doing a short sale:

Get your ducks in a row. . put your package together neatly and to the point.

I enclose a page of contents and if possible, once we find out who is the person in charge for our case, we sent them an overnight package containing the "works" from the hardship letter to the comps. . everything neatly divided and professional.

One more thing, make them sign when they receive it. . so the right person will get the package.

If you have any questions of comments, please let me know, I will be glad to share my experiences with short sales..

Visit my site for a pletora of SHORT SALES INFORMATION www.ReallyNiceHomes.com

 

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Rainer
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Linda Sanderson
Coldwell Banker Solano Pacific - Benicia, CA
Thanks for the advice and info
Nov 26, 2007 01:53 PM #1
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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