Real Estate agents are being faced with the need to do short sales. So why do real estate agents hate short sales? I’ll tell you why they can be very frustrating. One of the Reasons they are so frustrating is that they take so long and you can lose your buyer while you wait for the answer from the bank. If Realtors can change their perspective on this first buyer it can make a big difference in their short sale. Alliance Short Sales in a company that provides: Education for Short Sales, Short sale Processing, Short Sale negotiation training. We would love to help you with your short sales with education, advice or service. Contact us at 509-747-1101.
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Duration : 0:4:44
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May 1st, 2010 at 12:10 am
good info, thanks …
good info, thanks Jessica
May 1st, 2010 at 12:10 am
REA’s should work …
REA’s should work hard no matter what the outcome. It’s not all about “Beth” A…B…C…
May 1st, 2010 at 12:10 am
That is correct. …
That is correct. The deposit is refundable on the 91st day if the buyer wants to “walk” from the deal. This way, you know if you have a serious buyer or not.
May 1st, 2010 at 12:10 am
When you say ” …
When you say “non-refundable” I take it you mean non refundable for the 90 days…if the offer is not accepted the binder deposit is refunded …correct?
May 1st, 2010 at 12:10 am
hi! Just a simple …
hi! Just a simple question, I came upon a home in Florida that originally went on the market for $149,000.00, now its at short sale for $49,000.00 – what is the guidelines is far as value when making an offer m- would it be smart to ffer 60,000? or more? So you make sure you get the home – or offer lets say, 50,000? Or less?
May 1st, 2010 at 12:10 am
Good video
Good video
May 1st, 2010 at 12:10 am
The selling agent …
The selling agent who is doing their job, will ALWAYS ask for a 90 day NON refundable earnest deposit.. The reason is, simply stated, that it shows INTENT on the buyer’s behalf and that they aren’t out there lobbing offers on multiple properties. If they are unwilling to put a “good faith” earnest deposit into escrow, they weren’t a real buyer to begin with. ALL of my listings require this and I have all serious buyers. I hope that explains it.
May 1st, 2010 at 12:10 am
Cannot hear audio …
Cannot hear audio very well in this video
May 1st, 2010 at 12:10 am
Great way to look …
Great way to look at the situation. I use an investor to start the process (her company also negotiaties the short sale). If she can buyt the property-god bless. If she can’t, she’s at least got me to the same point you spoke about:)
May 1st, 2010 at 12:10 am
Contact her broker …
Contact her broker and tell what you are experiencing
May 1st, 2010 at 12:10 am
That’s not enough …
That’s not enough to get somebody’s license suspended. I don’t even think you can break the contract with your agent if he/she is not very proactive.
Besides, the sellers agent is just as bad.
It’s pretty much impossible to find an agent who’d be excited about a short sale.
May 1st, 2010 at 12:10 am
@alteregoprincess …
@alteregoprincess you can get this agents license suspended because there is a law of due dilligence that all realtors are suppose to go by they are always suppose to do there best to sell your property
May 1st, 2010 at 12:10 am
Great video. It’s …
Great video. It’s always good to have multiple buyers lined up before ANY deal closes. So if it falls through, you know exactly who to contact.
May 1st, 2010 at 12:10 am
We’re trying to buy …
We’re trying to buy a short sale and we’re facing a different problem – lazy real estate agent. She won’t make phone calls unless we’re harassing her. Its frustrating.
May 1st, 2010 at 12:10 am
Everyone is …
Everyone is entitled to their opinion. I have closed 100% of the short sale listings I have taken and by getting the buyers deposit and putting the property into pending status, it shows commitment on both sides. Buyer can still always cancel their offer if they are not serious, but at least they know where they stand. It works for me and I fell it is fair to the buyer as well.
May 1st, 2010 at 12:10 am
Why would you do …
Why would you do that?? Why would a buyer want to lock up Earnest Money when the bank has not approved their deal? Who cares if seller signed contract it has to be approved by bank THEN i would give earnest money..
May 1st, 2010 at 12:10 am
A great way to get …
A great way to get the sellers lender to approve quicker is to call them three times a day, within two weeks you’ll have your approval instead of five months.
May 1st, 2010 at 12:10 am
Excellent video.. …
Excellent video..very helpful and somewhat encouraging. Thank you.
May 1st, 2010 at 12:10 am
Maybe if you lock …
Maybe if you lock the buyer in a little better, like taking an EM deposit, they will be less likely to walk away.
May 1st, 2010 at 12:10 am
That’s real estate …
That’s real estate for ya!
May 1st, 2010 at 12:10 am
Great clip… very …
Great clip… very encouraging.