Archive for April, 2009
April 10th, 2009 - Your Short Sale Listing Not Selling?
“Time and time again, I continually run into agents that are advertising a “short sale” listing and the property is sitting on the market idly…not selling.”
Case in point: I make a solid offer on a property with great buyers who are conditionally approved. The property is a short sale in West Babylon, being serviced by…a part-timer who doesn’t know what they’re doing and broker just as inept.
We make the offer, in writing and I continually try to ascertain how the offer is going to be presented to the bank. I push the agent to tell me exactly how her client is being represented, whether an attorney is handling the short sale or if she or her broker are handling the negotiations.
I push to get the binder to contract. Trying unsuccessfully to schedule an inspection.
I recommend to my buyers to hire an attorney who I know draws up contracts with a letter and sends them directly to the owners.
The buyers tell me, they’re going to pass on the short sale just because the agent and broker are inept. Rates are good and they don’t want to screw around with a messy situation.
The agents complete irresponsible approach to representing her client just cost her broker money, herself money and most importantly, her client’s livelihood to escape foreclosure.
Now, in this business, you also have clients that are not focused, unorganized and not really that motivated to do what is necessary. The client can stifle an offer process or just get in the way in so many ways, of the deal getting done.
But, this agent, on this particular home, never even called me back. We chatted once. I spoke with her broker once. Neither has ever returned my phone calls. I gave up after 8 voice messages. My time is too valuable and so is my client’s.
So I say to you possible real estate agent reading this, call me if you have short sale listings that are not selling. I will get it done for you.
631.831.9048
April 10th, 2009 - Long Island Short Sales: 16 Lockwood Road, Bay Shore, NY
Long Island Short Sales: 16 Lockwood Road, Bay Shore, NY
4 Bd, 2 Ba Colonial features 2 car det garage, kitchen, livingroom. Close To all. Subject To Bank Approval.
Call 1-631-831-9048 for more information.