TO THE BANKS..... "TAKE THE MONEY AND RUN" DON'T WASTE MONEY AND TIME

By
Real Estate Agent with TNT Realty & Associates

We tell the banks to take the money and run in this market.    With so many short sales and foreclosures the banks are overwhelmed.     If we get a buyer, write up a contract for something close to list price and the buyer has  a preapproval for financing or cash, then why not take it?      Banks are losing more money by counter offering for $5,000 more than the offer.     How ridiculous this actually is.    Here's why;      If the banks counter an offer and the buyer walks, then we continue to market the property and show it in hopes of finding a new buyer.    It could take, and usually does, 6 more months before another contract comes in.      The bank has to pay all the taxes and insurance and any hoa fees for the 6 months lost plus take another 5,000 or so less because the market decreased in value.... again.  

Here us out banks:    take the money and RRRRUUUUUNNNNNNNNNNNNNNNN!  We're doing you a favor,  and want to see it work.

 

 

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Rainer
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Kristina Rosen-Hester

Real Estate Broker Associate
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