August 11, 2010
Home Sale | Short Sale Leads
Targeting the perfect short sale prospect is no easy task. Sure they talk about the economy being bad and most people having trouble making a home payment but ask any realtor and they will tell you it’s not easy to find good solid short sale leads. The biggest problem of course is the time that each deal takes to do – this impacts the amount of money and the size of the pipeline needed in order to justify a marketing expense. So many realtors call us looking for 10 or 20 leads when they really need about 1000 or 2000 to make themselves a living.
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3 Comments on Home Sale | Short Sale Leads »
March 29, 2011
Terry Socia @ 1:19 am:
So , you didn't really buy it , you made an offer and it was not accepted buy the bank, no matter what the owner said as far as acceptance, the bank is the one who has to give final ok. You don't have a deal and your agent sounds as if they are clueless to the process or it would never have gone onto foreclosure as they try to work with the owner.
And , since you never had a deal, you get your EM back.
A short sale is a lengthy process if the bank has not already approved the listed sales price.Let it go to foreclosure and you may get a better price on it.
April 18, 2011
DAN DRUFF @ 1:45 am:
you could do an owner financing deal or wait several years to get a conventional loan.
think about it. there are so many people that would like to sell their home, but cant as it is very difficult for buyers to get a new mortgage today.
get creative and you will succeed. you will need to make lots of offers to get a good deal owner financed. possibly over 100 written offers…it is worth it to get a great deal and to become a homeowner again.
April 26, 2011
larrylohrman @ 12:16 pm:
Aaron,
Excellent points.
Yes, I'm not a lawyer but, I believe the listing agent ultimately has the responsibility for all aspects of the presentation of the home for sale and in the worst case they probably risk more than just their reputation, I can imagine a situation in today's litigious society where buyers would file suit over undisclosed property defects where photos were doctored and the buyer felt they were deceptive.
I think handling a request for photo modification as you describe (Documenting the request in writing and advising the agent of the downsides of the modification) is an appropiate way to handle such a request.