Monday Had its Ups and Downs
Mondays seem to be the busiest days of the week for this Bristow-Gainesville Real Estate Agent. I knew that my Braemar townhouse listing was settling today, so that was a plus. What I didn't expect was the sucker punch from Bank of America's third party goon,Service Link, on a Short Sale I'm negotiating.
The counter to the very reasonable offer they are reviewing shouldn't have come as a surprise. Every 
week, they wanted updates as the listing languished for months. It started at $625,000 and lowering the price to $610,000 in a seller's market had zero effect. So we asked them for another price reduction. It was at that moment that Service Link told us we could lower the price to $630,000. Yes, question mark bubbles are no doubt forming over your head if you know that $630,000 would have been an increase of $5,000 over our original list price, and an increase of $20,000 from our current list price.
As we found the right list price, moving gently downward, we finally got a good offer. And Service Link now wants their $630,000. Good luck with that Service Link. We couldn't get an offer at $625,000, $610,000 or even $599,000. But sure, let's ask the buyer for $630,000. While we're at it, I'd like to wake up and see a shiny new Porsche in my driveway tomorrow morning. Wish in one hand and spit in the other. That's where we are.
Just to make sure I wasn't missing something, I did connect with my Short Sale counterpart Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents this afternoon. Sometimes there is nothing more than good old fashioned greed on the other end of a company like Service Link. I will continue to educate Service Link as to why they should actually investigate the marketing done, the price adjustments and time spent getting to the offer they clearly don't feel is adequate, but in reality, is the best they are going to do.
Another day I am thankful to have my Active Rain connections for a Short Sale reality check.
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