Years ago, when the world was in balance and real estate agents were in step with each other, an offer was written for a client and then presented to the seller. The offer was either accepted, rejected, or countered in a timely manner. Everyone knew what was going on and the clients viewed the agents as professional, responsive, and knowledgeable. Now that banks control a large portion of our Continue Reading
short sales - Page 4
Are Short Sales Becoming a Way of Life?
As a Realtor here in Las Vegas, it occurs to me that Short Sales will be a part of our market for a long time to come. Better than 65% of homeowners here in the valley are at a negative equity position in their home and they will be in a situation sometime in the next few years that they will need to sell their home. That means they will either need to write a substantial check upon selling Continue Reading
Adding Insult to Injury: The Short Sale That Wouldn’t Go Away!
Today I find myself writing this blog to relieve the stress of dealing with a bank on a short sale. Now I believe that just about everyone understands that Short Sales are difficult. They are difficult on sellers, buyers and agents. This short sale however is not only difficult, it just won't go away. In May of last year we took a listing. It was a short sale and the owner was very concerned Continue Reading
Short Sales are Long In The Tooth! Here’s Why.
My mother was a teacher. She always made sure her children did their homework every night- NO EXCUSES! However, I do remember kids who never had their homework done and always had some sort of an excuse such as "I couldn't find a pencil", "No one at home would help me", etc. It was never believed or tolerated by any savvy teacher. The teacher was in control, not the students. We are in an era Continue Reading
Banks Are Agreeing to Shore Sales! Is This The Right Time to Sell?
Last week we closed a Las Vegas short sale for client. That is not all that unusual anymore, but what is unusual is the way the bank let us do the short sale. Our client had to move to another city for her work. She has great credit and didn't want to destroy it. Upon having discussions with the bank we were able to convince them that it was in their best interest to allow her to sell her home Continue Reading