Agents listing short sales will probably get to closings - for agents representing buyers, it's a real long shot. We've written offers on probably two dozen short sales this year, and today, for the first time, got to a closing.
Rob (my son and colleague) worked with this buyer starting in mid-September of last year (yes, that's nearly a year ago). He wrote an offer for them on this property back in February. It wasn't until this month, AUGUST, that we had a response from the lender - who after six months of waiting wanted a closing within 2 weeks!
The Pinellas Realtor Organization recently reported that 34% of contract pendings were short sales.
Comments(12)