Yeah! So excited!!

Real Estate Agent with Realty Executives

I recieved three offers on my short sale listing in Bridelvale and we accepted an all cash offer today!!  I am SO excited!  I have an REO comp, model match, same view that closed in November for the same price so I'm keeping my fingers crossed.  There's another REO listing model match on the same street with a different view, but no one behind for $75K More than my listing!!  I called the listing agent today as its been on the market for six months and asked him what was up.  I've been sending people over to his listing since I knew we were going to accept the cash offer.  He acted like he had no clue what his list price was. He seemed shocked when I told him what his price was.  I hope the bank reduces their price before the BPO for my property is ordered. 

Anyway, its an all cash offer.  What else does the bank want?  Blood?!!! 

Posted by

Susan Manning

Comments (4)

Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR
Don't be over confident.  All-cash buyers sometimes have buyer's remorse also.  I had one today that backed out on buying the REO.  Good luck
Mar 03, 2008 01:00 PM
Susan Manning
Realty Executives - Temecula, CA
Oh, yikes!!  Thanks for the reality check Barbara.  Fortunately, this is a great property that had a LOT of interest because of the location and amenities.  And the property passed the inspection of six family members before the offer was written.  I'm keeping my fingers crossed, but again, thanks for the heads up. 
Mar 03, 2008 01:03 PM
Jan Wood
None - Gallatin, TN

Susan:  Good luck on your deal. 

By the way, I have a friend who lives here in Gallatin.  She has a condo in Temecula and her realtor told her that it has lost quite a bit in value since last year.

Mar 04, 2008 02:35 PM
Susan Manning
Realty Executives - Temecula, CA
Jan, honestly I don't think the condos have hit rock bottom yet.  For some reason there are a lot of NOD's filed (I really noticed when doing some recent BPO's) and it doesn't seem like the prices are comparably lower than the SFD's on the market in the low 200s.  Especially when you factor in the HOA.  If she's got a good loan and a good price, tell her to hang tight if she can.  It would probably be best to rent it out if she is looking to sell right now....interesting.  I wish your friend the best!! 
Mar 04, 2008 02:39 PM