Quiz: Which one really exists The Lockheed Monster, Sasquatch, or an Equity Sale?

By
Real Estate Broker/Owner with David Wain Realty, LLC

Well, I'm not sure about the first two but down here in South Florida I was starting to wonder about the last one. Many people are so underwater on their mortgage that they can't sell unless they qualify for a short sale or bring cash to closing. Ten years ago, having the seller buy their way out of a house was rare but not so much anymore. I usually work with buyers and take listings as they come. Was really surprised to see the sellers were in a great position. We priced the house to sell and had an offer within days. The buyers were so happy to avoid a short sale process and I don't blame them. I do short sales all the time and although they take longer, have been closing them with 100% success. I am a CDPE so that may help but experience really pays off here as well!

So the answer to the quiz is : Equity Sale - although I'm still open to the first two answers if anyone has seen them. :)

Brian Geraghty, CDPE, Broker

Comments (3)

Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Brian - this is definitely an intriguing post title -- hasn't the distressed market in your market area improved this year?

Oct 27, 2012 06:11 AM
Eileen Burns
Trans State Commercial RE Ft. Lauderdale/Miami/Palm Beach - Fort Lauderdale, FL
FL Probate Agent, Hotel & Land Specialist

No I havent seen them nor you....so plan to visit with us Tues

Dec 4th 4-7pm

Bimini Boatyard

AR winter meetup

Nov 29, 2012 09:28 PM
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

Brian: We actually have some here now. But the prices are still very low.

Mar 13, 2013 02:05 PM