Short Sales

By
Real Estate Agent with Higgins Group THE RUSZCZYK GROUP

Just when you think it's time to pack it in on an offer for a  short sale just hurry up and wait. I placed an offer for a buyer of mine back on the first week of September and I had kept in contact with the listing agent but there has been no movement since then. The mortgage that the seller has even got sold off to Countrywide back at the end of November.

I recently began calling the listing agents office last week for some type of update. Anything at all. I was taking yet another short sale class yesterday and I received a phone call from the listing agent. She wanted me to meet the appraiser for the sellers side this morning for him to do the appraisal. I was thrilled. Finally! Some movement.

So just when you are about to give up there is light at the end of the tunnel. Wait it out. Just advise your client ahead of time that they may have a wait ahead of them. A lot of times it is well worth it for the price that they will be paying.

Comments (3)

Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

I have been working on one now for almost a year.

Jan 22, 2009 07:12 AM
Jessica Wallace
Coldwell Banker - Santa Cruz - Santa Cruz, CA
Santa Cruz Realtor (831) 419-9345

I had that experience last year too.  We put an offer in on a home in February and got a response in late July and were able to close in August.  My clients had not found anything else in the meantime and really liked the home so it worked out for them and all is well!

Jan 22, 2009 07:19 AM
Anonymous
Jessica

Jessica,

   Thanks for responing! I appreciate the feedback. At least someone is paying attention to me out there or just humoring me. Now you have me confused. Which one is it? Haha. Have a great day! Thank you.

Jan 22, 2009 07:41 AM
#3