Agent won’t do any short sales – is that normal?

[dharmagirl]

Hello,

We are new to the Temecula area and met with an agent yesterday. We saw a house that seemed to meet with our wants/needs (bigger lot, space, etc), but the agent wouldnt even show it to us.

She explained that short sales ARE a nightmare and that buyers make offers which the bank ignores for 8-10 weeks. She added that when the bank gets around to looking at the offer they may reject it because it’s not the price they feel is appropriate.

Can anyone verify that this is really the case? Because there seem to be a lot of short sales out there, and I’d hate to work with an agent that wont even consider them as a possibility.

One more thing: why are homes that have been on the market for 100+ days holding firm to a price that seems wildly unrealistic (when the comps dont support it?). We looked at a house in Pasel del Sol that is listed at $862K!!! Yes, it was a former model but the house looks tired and worn. I think the most expensive stuff around it is in the $600Ks.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1466419

The agent actually told us that former models are NOT desirable because builders often throw them up in a hurry and then do lots of “smoke and mirrors” with nice upgrades. There is probably no way this seller will get $862. I just dont get it.

Thanks!

[NotCranky]

There is some truth to what the agent is saying about the short sales. It is also getting better. There is a possibility that he/she is being a little lazy and steering you towards and easier commission.Maybe they are really frightened of the prospects of short sales but I doubt that.

About the model homes, I don’t know if the quality issues are true or not.I wasn’t there when they built it. I tend to doubt it. It sounds more like your agent is steering you away from them because the supply is limited and it may be tough to get you into one… easy commission again. Take what I say with a grain of salt. I am not there but it sounds like the person doesn’t want to go out there and command the best deal according to the direction you are hoping to go in. Your way doesn’t necessarily sound like the easy way but is fair enough.

[dharmagirl]

Hi Rustico,

Just to clarify: the $862K home that I mentioned WAS a model home. The selling agent is actually living in it (as a rental)and when we said, “oh, a model – that’s great” his reply was that buying a model home is not always a good option because during the boom, the developers sometimes “threw them up in a few days” to meet the extraordinary demand.

I thought it was odd that the agent was willing to share this with us but, then again, we also made it clear that an $800K house was WAY out of our price league.

What you said about the agent wanting an easy commission,and not wanting to bust their butt on a short sale makes a LOT of sense.

Thanks!

DharmaGirl
Temecula, CA

[SD Realtor]

For an agent to shun working on any transaction is pretty lame imo. Short sales are a chore but to say that none of them go through is a lie. They are a pain in the butt and take a long time but you will save money, maybe big money if you punt and find an agent that will work for you not against you. Also many short sales result in smaller commissions so that may also inhibit agents.

SD Realtor

[bob007]

From the buyer standpoint short sale is a pain because it takes 6 weeks to 6 months.

Why is waiting for the bank’s decision on a short sales a chore for the buyer’s agent ?

[cashflow]

Dharmagirl, we have been looking in the area as well and we are choosing to not look at the short sales (for the most part).
The other part of the short sale equation is that if they have a 2nd mortgage (an 80/20 loan, or equity line), usually there is no incentive for the bank that owns the 2nd to approve a short sale as they get NOTHING. If the home goes to foreclosure at least they can claim on their insurance. This is at least how I understood how it works….

On another note, we have the hardest working realtor up there that will show you anything you’d like to see. She is just great…she told us in regards to short sales that she’d do the footwork by calling the listing agent first to get the story and find out if the bank has agreed to the short sale or not. If the bank hasn’t even agreed to it, then it’s even more unlikely. She also has found out how much they owe to the bank, that helps gauge what the bank might except offer wise…usually what we’d be willing to pay is way lower.

Lastly, I don’t believe any tract home (unless it’s a total mansion) should be worth 600k in Temecula. Right now you could by a nice stick built home on a few acres in wine country for that price, why would you ever look at a tract home in that price range???

If you’d like to get another realtors take on things…email me at [email protected]

[cashflow]

Dharmagirl, we have been looking in the area as well and we are choosing to not look at the short sales (for the most part).
The other part of the short sale equation is that if they have a 2nd mortgage (an 80/20 loan, or equity line), usually there is no incentive for the bank that owns the 2nd to approve a short sale as they get NOTHING. If the home goes to foreclosure at least they can claim on their insurance. This is at least how I understood how it works….

On another note, we have the hardest working realtor up there that will show you anything you’d like to see. She is just great…she told us in regards to short sales that she’d do the footwork by calling the listing agent first to get the story and find out if the bank has agreed to the short sale or not. If the bank hasn’t even agreed to it, then it’s even more unlikely. She also has found out how much they owe to the bank, that helps gauge what the bank might except offer wise…usually what we’d be willing to pay is way lower.

Lastly, I don’t believe any tract home (unless it’s a total mansion) should be worth 600k in Temecula. Right now you could by a nice stick built home on a few acres in wine country for that price, why would you ever look at a tract home in that price range???

If you’d like to get another realtors take on things…email me at [email protected]

[cashflow]

Dharmagirl, we have been looking in the area as well and we are choosing to not look at the short sales (for the most part).
The other part of the short sale equation is that if they have a 2nd mortgage (an 80/20 loan, or equity line), usually there is no incentive for the bank that owns the 2nd to approve a short sale as they get NOTHING. If the home goes to foreclosure at least they can claim on their insurance. This is at least how I understood how it works….

On another note, we have the hardest working realtor up there that will show you anything you’d like to see. She is just great…she told us in regards to short sales that she’d do the footwork by calling the listing agent first to get the story and find out if the bank has agreed to the short sale or not. If the bank hasn’t even agreed to it, then it’s even more unlikely. She also has found out how much they owe to the bank, that helps gauge what the bank might except offer wise…usually what we’d be willing to pay is way lower.

Lastly, I don’t believe any tract home (unless it’s a total mansion) should be worth 600k in Temecula. Right now you could by a nice stick built home on a few acres in wine country for that price, why would you ever look at a tract home in that price range???

If you’d like to get another realtors take on things…email me at [email protected]

[cashflow]

Dharmagirl, we have been looking in the area as well and we are choosing to not look at the short sales (for the most part).
The other part of the short sale equation is that if they have a 2nd mortgage (an 80/20 loan, or equity line), usually there is no incentive for the bank that owns the 2nd to approve a short sale as they get NOTHING. If the home goes to foreclosure at least they can claim on their insurance. This is at least how I understood how it works….

On another note, we have the hardest working realtor up there that will show you anything you’d like to see. She is just great…she told us in regards to short sales that she’d do the footwork by calling the listing agent first to get the story and find out if the bank has agreed to the short sale or not. If the bank hasn’t even agreed to it, then it’s even more unlikely. She also has found out how much they owe to the bank, that helps gauge what the bank might except offer wise…usually what we’d be willing to pay is way lower.

Lastly, I don’t believe any tract home (unless it’s a total mansion) should be worth 600k in Temecula. Right now you could by a nice stick built home on a few acres in wine country for that price, why would you ever look at a tract home in that price range???

If you’d like to get another realtors take on things…email me at [email protected]

[cashflow]

Dharmagirl, we have been looking in the area as well and we are choosing to not look at the short sales (for the most part).
The other part of the short sale equation is that if they have a 2nd mortgage (an 80/20 loan, or equity line), usually there is no incentive for the bank that owns the 2nd to approve a short sale as they get NOTHING. If the home goes to foreclosure at least they can claim on their insurance. This is at least how I understood how it works….

On another note, we have the hardest working realtor up there that will show you anything you’d like to see. She is just great…she told us in regards to short sales that she’d do the footwork by calling the listing agent first to get the story and find out if the bank has agreed to the short sale or not. If the bank hasn’t even agreed to it, then it’s even more unlikely. She also has found out how much they owe to the bank, that helps gauge what the bank might except offer wise…usually what we’d be willing to pay is way lower.

Lastly, I don’t believe any tract home (unless it’s a total mansion) should be worth 600k in Temecula. Right now you could by a nice stick built home on a few acres in wine country for that price, why would you ever look at a tract home in that price range???

If you’d like to get another realtors take on things…email me at [email protected]

[(former)FormerSanDiegan]

From the buyer standpoint short sale is a pain because it takes 6 weeks to 6 months.

Why is waiting for the bank’s decision on a short sales a chore for the buyer’s agent ?

I think the answer to your question is obvious from your statement. The buyers’ agent cannot collect a commission for 6 weeks to 6 months. Meantime, they have temporarily (maybe even permanently if the deal falls through) lost a potential buyer. Actual buyers that perform are like gold to agents these days.

[(former)FormerSanDiegan]

From the buyer standpoint short sale is a pain because it takes 6 weeks to 6 months.

Why is waiting for the bank’s decision on a short sales a chore for the buyer’s agent ?

I think the answer to your question is obvious from your statement. The buyers’ agent cannot collect a commission for 6 weeks to 6 months. Meantime, they have temporarily (maybe even permanently if the deal falls through) lost a potential buyer. Actual buyers that perform are like gold to agents these days.

[(former)FormerSanDiegan]

From the buyer standpoint short sale is a pain because it takes 6 weeks to 6 months.

Why is waiting for the bank’s decision on a short sales a chore for the buyer’s agent ?

I think the answer to your question is obvious from your statement. The buyers’ agent cannot collect a commission for 6 weeks to 6 months. Meantime, they have temporarily (maybe even permanently if the deal falls through) lost a potential buyer. Actual buyers that perform are like gold to agents these days.

[(former)FormerSanDiegan]

From the buyer standpoint short sale is a pain because it takes 6 weeks to 6 months.

Why is waiting for the bank’s decision on a short sales a chore for the buyer’s agent ?

I think the answer to your question is obvious from your statement. The buyers’ agent cannot collect a commission for 6 weeks to 6 months. Meantime, they have temporarily (maybe even permanently if the deal falls through) lost a potential buyer. Actual buyers that perform are like gold to agents these days.

[(former)FormerSanDiegan]

From the buyer standpoint short sale is a pain because it takes 6 weeks to 6 months.

Why is waiting for the bank’s decision on a short sales a chore for the buyer’s agent ?

I think the answer to your question is obvious from your statement. The buyers’ agent cannot collect a commission for 6 weeks to 6 months. Meantime, they have temporarily (maybe even permanently if the deal falls through) lost a potential buyer. Actual buyers that perform are like gold to agents these days.

[bob007]

From the buyer standpoint short sale is a pain because it takes 6 weeks to 6 months.

Why is waiting for the bank’s decision on a short sales a chore for the buyer’s agent ?

[bob007]

From the buyer standpoint short sale is a pain because it takes 6 weeks to 6 months.

Why is waiting for the bank’s decision on a short sales a chore for the buyer’s agent ?

[bob007]

From the buyer standpoint short sale is a pain because it takes 6 weeks to 6 months.

Why is waiting for the bank’s decision on a short sales a chore for the buyer’s agent ?

[bob007]

From the buyer standpoint short sale is a pain because it takes 6 weeks to 6 months.

Why is waiting for the bank’s decision on a short sales a chore for the buyer’s agent ?

[SD Realtor]

For an agent to shun working on any transaction is pretty lame imo. Short sales are a chore but to say that none of them go through is a lie. They are a pain in the butt and take a long time but you will save money, maybe big money if you punt and find an agent that will work for you not against you. Also many short sales result in smaller commissions so that may also inhibit agents.

SD Realtor

[SD Realtor]

For an agent to shun working on any transaction is pretty lame imo. Short sales are a chore but to say that none of them go through is a lie. They are a pain in the butt and take a long time but you will save money, maybe big money if you punt and find an agent that will work for you not against you. Also many short sales result in smaller commissions so that may also inhibit agents.

SD Realtor

[SD Realtor]

For an agent to shun working on any transaction is pretty lame imo. Short sales are a chore but to say that none of them go through is a lie. They are a pain in the butt and take a long time but you will save money, maybe big money if you punt and find an agent that will work for you not against you. Also many short sales result in smaller commissions so that may also inhibit agents.

SD Realtor

[SD Realtor]

For an agent to shun working on any transaction is pretty lame imo. Short sales are a chore but to say that none of them go through is a lie. They are a pain in the butt and take a long time but you will save money, maybe big money if you punt and find an agent that will work for you not against you. Also many short sales result in smaller commissions so that may also inhibit agents.

SD Realtor

[svelte]

Retracting my post…there was a flaw in my logic.

[donaldduckmoore]

Short-sale deal is a pain in the butt. Your agent probably does not want to go through the tedious and frustrating steps. Find a house when it is in REO state would save you a lot more time than to do a short-sale.

[dharmagirl]

This particular agent (who does not want to work with short sales) said that she has been in business up here for 20 years.

She also said there is only “one agent I would really trust to execute a short sale in the Temecula area.” She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.

It seems like there are mixed reviews here. Some Piggies seem to think the bank will be happy to get anything, and others think the bank doesnt want to deal with the SS.

I guess the real answer is that we will find another agent who is willing to walk over Anthony Robbins’ hot coals on our behalf if that’s what it takes 🙂

[NotCranky]

“She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.”

That sounds very reasonable actually. Good for you for actually listening to her expalnation. Criticism about unknown agents coming from this blog should be taken with a grain or salt, including when it comes from me as I said in the first post.

Now if you just want a mercenary she probably won’t be the one for you, other than that she sounds o.k. REO’s and non-distressed listings are a lot easier on average for you and her.

[NotCranky]

“She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.”

That sounds very reasonable actually. Good for you for actually listening to her expalnation. Criticism about unknown agents coming from this blog should be taken with a grain or salt, including when it comes from me as I said in the first post.

Now if you just want a mercenary she probably won’t be the one for you, other than that she sounds o.k. REO’s and non-distressed listings are a lot easier on average for you and her.

[NotCranky]

“She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.”

That sounds very reasonable actually. Good for you for actually listening to her expalnation. Criticism about unknown agents coming from this blog should be taken with a grain or salt, including when it comes from me as I said in the first post.

Now if you just want a mercenary she probably won’t be the one for you, other than that she sounds o.k. REO’s and non-distressed listings are a lot easier on average for you and her.

[NotCranky]

“She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.”

That sounds very reasonable actually. Good for you for actually listening to her expalnation. Criticism about unknown agents coming from this blog should be taken with a grain or salt, including when it comes from me as I said in the first post.

Now if you just want a mercenary she probably won’t be the one for you, other than that she sounds o.k. REO’s and non-distressed listings are a lot easier on average for you and her.

[NotCranky]

“She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.”

That sounds very reasonable actually. Good for you for actually listening to her expalnation. Criticism about unknown agents coming from this blog should be taken with a grain or salt, including when it comes from me as I said in the first post.

Now if you just want a mercenary she probably won’t be the one for you, other than that she sounds o.k. REO’s and non-distressed listings are a lot easier on average for you and her.

[dharmagirl]

This particular agent (who does not want to work with short sales) said that she has been in business up here for 20 years.

She also said there is only “one agent I would really trust to execute a short sale in the Temecula area.” She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.

It seems like there are mixed reviews here. Some Piggies seem to think the bank will be happy to get anything, and others think the bank doesnt want to deal with the SS.

I guess the real answer is that we will find another agent who is willing to walk over Anthony Robbins’ hot coals on our behalf if that’s what it takes 🙂

[dharmagirl]

This particular agent (who does not want to work with short sales) said that she has been in business up here for 20 years.

She also said there is only “one agent I would really trust to execute a short sale in the Temecula area.” She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.

It seems like there are mixed reviews here. Some Piggies seem to think the bank will be happy to get anything, and others think the bank doesnt want to deal with the SS.

I guess the real answer is that we will find another agent who is willing to walk over Anthony Robbins’ hot coals on our behalf if that’s what it takes 🙂

[dharmagirl]

This particular agent (who does not want to work with short sales) said that she has been in business up here for 20 years.

She also said there is only “one agent I would really trust to execute a short sale in the Temecula area.” She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.

It seems like there are mixed reviews here. Some Piggies seem to think the bank will be happy to get anything, and others think the bank doesnt want to deal with the SS.

I guess the real answer is that we will find another agent who is willing to walk over Anthony Robbins’ hot coals on our behalf if that’s what it takes 🙂

[dharmagirl]

This particular agent (who does not want to work with short sales) said that she has been in business up here for 20 years.

She also said there is only “one agent I would really trust to execute a short sale in the Temecula area.” She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.

It seems like there are mixed reviews here. Some Piggies seem to think the bank will be happy to get anything, and others think the bank doesnt want to deal with the SS.

I guess the real answer is that we will find another agent who is willing to walk over Anthony Robbins’ hot coals on our behalf if that’s what it takes 🙂

[Anonymous]

Short-sale deal is a pain in the butt. Your agent probably does not want to go through the tedious and frustrating steps. Find a house when it is in REO state would save you a lot more time than to do a short-sale.

I’m not in the business, but this doesn’t sound ok to me. In any type of service business, your name is dependent on giving the customers what they want within reason. Short sales are within reason, they are being done and people can get good deals on them.

If they want to put an offer in on a short sale and the agent doesn’t want to do it because it’s too much work (i.e. they’re lazy)…What kind of agent is that? I guess this agent has enough work where she can pick and choose what type of transactions she does, and that’s good for her. However, if she doesn’t want to do short sales, she should tell potential clients that up front so they can find another agent who wants to provide good customer service. I’d take my business elsewhere.

[donaldduckmoore]

dharmagirl, I am not an agent but a buyer. The banks are willing to unload their non-functional assets, that is true. But it is also true that the banks do not have enough man-power. I am not sure what process for the banks to go through before a deal is cut, but for SS, they are really taking a long time to process. Certainly there are successful stories but not as many as failed stories.

“She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.”

What she said was really true and that reminds me of my previous story that made me swear that I will not go through SS again in my life. She is not lying to you. The worst is that you will get highly disappointed after several months of waiting without generating nothing. You can try.

Marion, thanks for your quote. That was written by me (a buyer but not an agent). I was just telling you what I feel about SS, nothing discouraging.

[donaldduckmoore]

dharmagirl, I am not an agent but a buyer. The banks are willing to unload their non-functional assets, that is true. But it is also true that the banks do not have enough man-power. I am not sure what process for the banks to go through before a deal is cut, but for SS, they are really taking a long time to process. Certainly there are successful stories but not as many as failed stories.

“She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.”

What she said was really true and that reminds me of my previous story that made me swear that I will not go through SS again in my life. She is not lying to you. The worst is that you will get highly disappointed after several months of waiting without generating nothing. You can try.

Marion, thanks for your quote. That was written by me (a buyer but not an agent). I was just telling you what I feel about SS, nothing discouraging.

[donaldduckmoore]

dharmagirl, I am not an agent but a buyer. The banks are willing to unload their non-functional assets, that is true. But it is also true that the banks do not have enough man-power. I am not sure what process for the banks to go through before a deal is cut, but for SS, they are really taking a long time to process. Certainly there are successful stories but not as many as failed stories.

“She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.”

What she said was really true and that reminds me of my previous story that made me swear that I will not go through SS again in my life. She is not lying to you. The worst is that you will get highly disappointed after several months of waiting without generating nothing. You can try.

Marion, thanks for your quote. That was written by me (a buyer but not an agent). I was just telling you what I feel about SS, nothing discouraging.

[donaldduckmoore]

dharmagirl, I am not an agent but a buyer. The banks are willing to unload their non-functional assets, that is true. But it is also true that the banks do not have enough man-power. I am not sure what process for the banks to go through before a deal is cut, but for SS, they are really taking a long time to process. Certainly there are successful stories but not as many as failed stories.

“She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.”

What she said was really true and that reminds me of my previous story that made me swear that I will not go through SS again in my life. She is not lying to you. The worst is that you will get highly disappointed after several months of waiting without generating nothing. You can try.

Marion, thanks for your quote. That was written by me (a buyer but not an agent). I was just telling you what I feel about SS, nothing discouraging.

[donaldduckmoore]

dharmagirl, I am not an agent but a buyer. The banks are willing to unload their non-functional assets, that is true. But it is also true that the banks do not have enough man-power. I am not sure what process for the banks to go through before a deal is cut, but for SS, they are really taking a long time to process. Certainly there are successful stories but not as many as failed stories.

“She made it sound like the paperwork, bank’s possible refusal, timeframe, etc. are a nightmare for most buyers and that she wants her buyers to be happy by choosing a home that they can get into and not risked being bitterly disappointed by the bank’s non-response or refusal to play ball.”

What she said was really true and that reminds me of my previous story that made me swear that I will not go through SS again in my life. She is not lying to you. The worst is that you will get highly disappointed after several months of waiting without generating nothing. You can try.

Marion, thanks for your quote. That was written by me (a buyer but not an agent). I was just telling you what I feel about SS, nothing discouraging.

[Raybyrnes]

marion

More non sense coming from someone who has noever been in a production role.

The agent is letting her know in advance what she will and will not work with.

If you are looking for an agent who is an expert in this area you are going to have to go elsewhere.

Seems to me this agent knows her strengths adn weaknewses and she probably is letting you know from previous experienced where people have been happy and where people ahve been disappointed.

[Anonymous]

Raybyrnes, you don’t know what role I’ve been in. It’s not YOUR role to attack my comments on this board, it just makes you look like the JERK you are.

As I understood the opening post by the OP, this agent was trying to talk her out of a short sale. That is unethical. Had the agent told her she did not want to do short sales, that’s fine. Talking buyers out of something they want because the agent is too lazy to do it is not fine.

[Raybyrnes]

Your role is that of a squatter who has overspent their allowance to the point that they can not pay their rent. Find it hard to think that you have any ability to provide sound advice.

[Anonymous]

You’re really ridiculous, Raybyrnes. May I ask where you’re getting your information? It’s wrong, I might add. I’ve never been a squatter. Are you a STALKER?

What is obvious is that you’re a bitter and ugly inside. Probably bald and pot-bellied as well. What is all this bitterness about? Are you underwater on a property?

Confine your attacks to my comments and not my peronal business that you know nothing about, unless you really are stalking…Even then, you won’t find a squatter, dearest.

[Anonymous]

You’re really ridiculous, Raybyrnes. May I ask where you’re getting your information? It’s wrong, I might add. I’ve never been a squatter. Are you a STALKER?

What is obvious is that you’re a bitter and ugly inside. Probably bald and pot-bellied as well. What is all this bitterness about? Are you underwater on a property?

Confine your attacks to my comments and not my peronal business that you know nothing about, unless you really are stalking…Even then, you won’t find a squatter, dearest.

[Anonymous]

You’re really ridiculous, Raybyrnes. May I ask where you’re getting your information? It’s wrong, I might add. I’ve never been a squatter. Are you a STALKER?

What is obvious is that you’re a bitter and ugly inside. Probably bald and pot-bellied as well. What is all this bitterness about? Are you underwater on a property?

Confine your attacks to my comments and not my peronal business that you know nothing about, unless you really are stalking…Even then, you won’t find a squatter, dearest.

[Anonymous]

You’re really ridiculous, Raybyrnes. May I ask where you’re getting your information? It’s wrong, I might add. I’ve never been a squatter. Are you a STALKER?

What is obvious is that you’re a bitter and ugly inside. Probably bald and pot-bellied as well. What is all this bitterness about? Are you underwater on a property?

Confine your attacks to my comments and not my peronal business that you know nothing about, unless you really are stalking…Even then, you won’t find a squatter, dearest.

[Anonymous]

You’re really ridiculous, Raybyrnes. May I ask where you’re getting your information? It’s wrong, I might add. I’ve never been a squatter. Are you a STALKER?

What is obvious is that you’re a bitter and ugly inside. Probably bald and pot-bellied as well. What is all this bitterness about? Are you underwater on a property?

Confine your attacks to my comments and not my peronal business that you know nothing about, unless you really are stalking…Even then, you won’t find a squatter, dearest.

[Raybyrnes]

Your role is that of a squatter who has overspent their allowance to the point that they can not pay their rent. Find it hard to think that you have any ability to provide sound advice.

[Raybyrnes]

Your role is that of a squatter who has overspent their allowance to the point that they can not pay their rent. Find it hard to think that you have any ability to provide sound advice.

[Raybyrnes]

Your role is that of a squatter who has overspent their allowance to the point that they can not pay their rent. Find it hard to think that you have any ability to provide sound advice.

[Raybyrnes]

Your role is that of a squatter who has overspent their allowance to the point that they can not pay their rent. Find it hard to think that you have any ability to provide sound advice.

[Anonymous]

Raybyrnes, you don’t know what role I’ve been in. It’s not YOUR role to attack my comments on this board, it just makes you look like the JERK you are.

As I understood the opening post by the OP, this agent was trying to talk her out of a short sale. That is unethical. Had the agent told her she did not want to do short sales, that’s fine. Talking buyers out of something they want because the agent is too lazy to do it is not fine.

[Anonymous]

Raybyrnes, you don’t know what role I’ve been in. It’s not YOUR role to attack my comments on this board, it just makes you look like the JERK you are.

As I understood the opening post by the OP, this agent was trying to talk her out of a short sale. That is unethical. Had the agent told her she did not want to do short sales, that’s fine. Talking buyers out of something they want because the agent is too lazy to do it is not fine.

[Anonymous]

Raybyrnes, you don’t know what role I’ve been in. It’s not YOUR role to attack my comments on this board, it just makes you look like the JERK you are.

As I understood the opening post by the OP, this agent was trying to talk her out of a short sale. That is unethical. Had the agent told her she did not want to do short sales, that’s fine. Talking buyers out of something they want because the agent is too lazy to do it is not fine.

[Anonymous]

Raybyrnes, you don’t know what role I’ve been in. It’s not YOUR role to attack my comments on this board, it just makes you look like the JERK you are.

As I understood the opening post by the OP, this agent was trying to talk her out of a short sale. That is unethical. Had the agent told her she did not want to do short sales, that’s fine. Talking buyers out of something they want because the agent is too lazy to do it is not fine.

[Raybyrnes]

marion

More non sense coming from someone who has noever been in a production role.

The agent is letting her know in advance what she will and will not work with.

If you are looking for an agent who is an expert in this area you are going to have to go elsewhere.

Seems to me this agent knows her strengths adn weaknewses and she probably is letting you know from previous experienced where people have been happy and where people ahve been disappointed.

[Raybyrnes]

marion

More non sense coming from someone who has noever been in a production role.

The agent is letting her know in advance what she will and will not work with.

If you are looking for an agent who is an expert in this area you are going to have to go elsewhere.

Seems to me this agent knows her strengths adn weaknewses and she probably is letting you know from previous experienced where people have been happy and where people ahve been disappointed.

[Raybyrnes]

marion

More non sense coming from someone who has noever been in a production role.

The agent is letting her know in advance what she will and will not work with.

If you are looking for an agent who is an expert in this area you are going to have to go elsewhere.

Seems to me this agent knows her strengths adn weaknewses and she probably is letting you know from previous experienced where people have been happy and where people ahve been disappointed.

[Raybyrnes]

marion

More non sense coming from someone who has noever been in a production role.

The agent is letting her know in advance what she will and will not work with.

If you are looking for an agent who is an expert in this area you are going to have to go elsewhere.

Seems to me this agent knows her strengths adn weaknewses and she probably is letting you know from previous experienced where people have been happy and where people ahve been disappointed.

[Anonymous]

Short-sale deal is a pain in the butt. Your agent probably does not want to go through the tedious and frustrating steps. Find a house when it is in REO state would save you a lot more time than to do a short-sale.

I’m not in the business, but this doesn’t sound ok to me. In any type of service business, your name is dependent on giving the customers what they want within reason. Short sales are within reason, they are being done and people can get good deals on them.

If they want to put an offer in on a short sale and the agent doesn’t want to do it because it’s too much work (i.e. they’re lazy)…What kind of agent is that? I guess this agent has enough work where she can pick and choose what type of transactions she does, and that’s good for her. However, if she doesn’t want to do short sales, she should tell potential clients that up front so they can find another agent who wants to provide good customer service. I’d take my business elsewhere.

[Anonymous]

Short-sale deal is a pain in the butt. Your agent probably does not want to go through the tedious and frustrating steps. Find a house when it is in REO state would save you a lot more time than to do a short-sale.

I’m not in the business, but this doesn’t sound ok to me. In any type of service business, your name is dependent on giving the customers what they want within reason. Short sales are within reason, they are being done and people can get good deals on them.

If they want to put an offer in on a short sale and the agent doesn’t want to do it because it’s too much work (i.e. they’re lazy)…What kind of agent is that? I guess this agent has enough work where she can pick and choose what type of transactions she does, and that’s good for her. However, if she doesn’t want to do short sales, she should tell potential clients that up front so they can find another agent who wants to provide good customer service. I’d take my business elsewhere.

[Anonymous]

Short-sale deal is a pain in the butt. Your agent probably does not want to go through the tedious and frustrating steps. Find a house when it is in REO state would save you a lot more time than to do a short-sale.

I’m not in the business, but this doesn’t sound ok to me. In any type of service business, your name is dependent on giving the customers what they want within reason. Short sales are within reason, they are being done and people can get good deals on them.

If they want to put an offer in on a short sale and the agent doesn’t want to do it because it’s too much work (i.e. they’re lazy)…What kind of agent is that? I guess this agent has enough work where she can pick and choose what type of transactions she does, and that’s good for her. However, if she doesn’t want to do short sales, she should tell potential clients that up front so they can find another agent who wants to provide good customer service. I’d take my business elsewhere.

[Anonymous]

Short-sale deal is a pain in the butt. Your agent probably does not want to go through the tedious and frustrating steps. Find a house when it is in REO state would save you a lot more time than to do a short-sale.

I’m not in the business, but this doesn’t sound ok to me. In any type of service business, your name is dependent on giving the customers what they want within reason. Short sales are within reason, they are being done and people can get good deals on them.

If they want to put an offer in on a short sale and the agent doesn’t want to do it because it’s too much work (i.e. they’re lazy)…What kind of agent is that? I guess this agent has enough work where she can pick and choose what type of transactions she does, and that’s good for her. However, if she doesn’t want to do short sales, she should tell potential clients that up front so they can find another agent who wants to provide good customer service. I’d take my business elsewhere.

[donaldduckmoore]

Short-sale deal is a pain in the butt. Your agent probably does not want to go through the tedious and frustrating steps. Find a house when it is in REO state would save you a lot more time than to do a short-sale.

[donaldduckmoore]

Short-sale deal is a pain in the butt. Your agent probably does not want to go through the tedious and frustrating steps. Find a house when it is in REO state would save you a lot more time than to do a short-sale.

[donaldduckmoore]

Short-sale deal is a pain in the butt. Your agent probably does not want to go through the tedious and frustrating steps. Find a house when it is in REO state would save you a lot more time than to do a short-sale.

[donaldduckmoore]

Short-sale deal is a pain in the butt. Your agent probably does not want to go through the tedious and frustrating steps. Find a house when it is in REO state would save you a lot more time than to do a short-sale.

[svelte]

Retracting my post…there was a flaw in my logic.

[svelte]

Retracting my post…there was a flaw in my logic.

[svelte]

Retracting my post…there was a flaw in my logic.

[svelte]

Retracting my post…there was a flaw in my logic.

[dharmagirl]

Hi Rustico,

Just to clarify: the $862K home that I mentioned WAS a model home. The selling agent is actually living in it (as a rental)and when we said, “oh, a model – that’s great” his reply was that buying a model home is not always a good option because during the boom, the developers sometimes “threw them up in a few days” to meet the extraordinary demand.

I thought it was odd that the agent was willing to share this with us but, then again, we also made it clear that an $800K house was WAY out of our price league.

What you said about the agent wanting an easy commission,and not wanting to bust their butt on a short sale makes a LOT of sense.

Thanks!

DharmaGirl
Temecula, CA

[dharmagirl]

Hi Rustico,

Just to clarify: the $862K home that I mentioned WAS a model home. The selling agent is actually living in it (as a rental)and when we said, “oh, a model – that’s great” his reply was that buying a model home is not always a good option because during the boom, the developers sometimes “threw them up in a few days” to meet the extraordinary demand.

I thought it was odd that the agent was willing to share this with us but, then again, we also made it clear that an $800K house was WAY out of our price league.

What you said about the agent wanting an easy commission,and not wanting to bust their butt on a short sale makes a LOT of sense.

Thanks!

DharmaGirl
Temecula, CA

[dharmagirl]

Hi Rustico,

Just to clarify: the $862K home that I mentioned WAS a model home. The selling agent is actually living in it (as a rental)and when we said, “oh, a model – that’s great” his reply was that buying a model home is not always a good option because during the boom, the developers sometimes “threw them up in a few days” to meet the extraordinary demand.

I thought it was odd that the agent was willing to share this with us but, then again, we also made it clear that an $800K house was WAY out of our price league.

What you said about the agent wanting an easy commission,and not wanting to bust their butt on a short sale makes a LOT of sense.

Thanks!

DharmaGirl
Temecula, CA

[dharmagirl]

Hi Rustico,

Just to clarify: the $862K home that I mentioned WAS a model home. The selling agent is actually living in it (as a rental)and when we said, “oh, a model – that’s great” his reply was that buying a model home is not always a good option because during the boom, the developers sometimes “threw them up in a few days” to meet the extraordinary demand.

I thought it was odd that the agent was willing to share this with us but, then again, we also made it clear that an $800K house was WAY out of our price league.

What you said about the agent wanting an easy commission,and not wanting to bust their butt on a short sale makes a LOT of sense.

Thanks!

DharmaGirl
Temecula, CA

[NotCranky]

There is some truth to what the agent is saying about the short sales. It is also getting better. There is a possibility that he/she is being a little lazy and steering you towards and easier commission.Maybe they are really frightened of the prospects of short sales but I doubt that.

About the model homes, I don’t know if the quality issues are true or not.I wasn’t there when they built it. I tend to doubt it. It sounds more like your agent is steering you away from them because the supply is limited and it may be tough to get you into one… easy commission again. Take what I say with a grain of salt. I am not there but it sounds like the person doesn’t want to go out there and command the best deal according to the direction you are hoping to go in. Your way doesn’t necessarily sound like the easy way but is fair enough.

[NotCranky]

There is some truth to what the agent is saying about the short sales. It is also getting better. There is a possibility that he/she is being a little lazy and steering you towards and easier commission.Maybe they are really frightened of the prospects of short sales but I doubt that.

About the model homes, I don’t know if the quality issues are true or not.I wasn’t there when they built it. I tend to doubt it. It sounds more like your agent is steering you away from them because the supply is limited and it may be tough to get you into one… easy commission again. Take what I say with a grain of salt. I am not there but it sounds like the person doesn’t want to go out there and command the best deal according to the direction you are hoping to go in. Your way doesn’t necessarily sound like the easy way but is fair enough.

[NotCranky]

There is some truth to what the agent is saying about the short sales. It is also getting better. There is a possibility that he/she is being a little lazy and steering you towards and easier commission.Maybe they are really frightened of the prospects of short sales but I doubt that.

About the model homes, I don’t know if the quality issues are true or not.I wasn’t there when they built it. I tend to doubt it. It sounds more like your agent is steering you away from them because the supply is limited and it may be tough to get you into one… easy commission again. Take what I say with a grain of salt. I am not there but it sounds like the person doesn’t want to go out there and command the best deal according to the direction you are hoping to go in. Your way doesn’t necessarily sound like the easy way but is fair enough.

[NotCranky]

There is some truth to what the agent is saying about the short sales. It is also getting better. There is a possibility that he/she is being a little lazy and steering you towards and easier commission.Maybe they are really frightened of the prospects of short sales but I doubt that.

About the model homes, I don’t know if the quality issues are true or not.I wasn’t there when they built it. I tend to doubt it. It sounds more like your agent is steering you away from them because the supply is limited and it may be tough to get you into one… easy commission again. Take what I say with a grain of salt. I am not there but it sounds like the person doesn’t want to go out there and command the best deal according to the direction you are hoping to go in. Your way doesn’t necessarily sound like the easy way but is fair enough.

[pizzaman]

I don’t know if this is the beginning of a trend or not but OCWEN announced that they have stopped doing ANY short sales.

Read about it here
http://blog.mariah.com/2008/03/ocwen-picks-up-its-marbles/

[pizzaman]

I don’t know if this is the beginning of a trend or not but OCWEN announced that they have stopped doing ANY short sales.

Read about it here
http://blog.mariah.com/2008/03/ocwen-picks-up-its-marbles/

[pizzaman]

I don’t know if this is the beginning of a trend or not but OCWEN announced that they have stopped doing ANY short sales.

Read about it here
http://blog.mariah.com/2008/03/ocwen-picks-up-its-marbles/

[pizzaman]

I don’t know if this is the beginning of a trend or not but OCWEN announced that they have stopped doing ANY short sales.

Read about it here
http://blog.mariah.com/2008/03/ocwen-picks-up-its-marbles/

[pizzaman]

I don’t know if this is the beginning of a trend or not but OCWEN announced that they have stopped doing ANY short sales.

Read about it here
http://blog.mariah.com/2008/03/ocwen-picks-up-its-marbles/

[sd-maybe]

I am also looking at some short sales which seem prime for a lowball offer. From what I understand its important to put language into your short sale offer that gives you the right to rescind the offer up until the bank actually accepts it, that way you dont have to wait around and can be out there submitting multiple short sale offers if you find many good deals out there.

[SD Realtor]

In and of itself the short sale singular transaction for the buyers agent is not a chore. Unfortunately because of the timescales involved a single buyers agent may submit anywhere from 1 to (insert a number) of offers on short sales for a single buyer. Thus the chore is in the volume, not really a single transaction. Sorry for not spelling that out correctly in the above post.

Also people who tend to submit alot of offers on properties simply because of pricing are also those who tend to have escrows that crash and burn. That is, they focus on the price price price price rather then buying the home for the correct reason which is buy a home you love. If you love it but cannot afford then you shouldn’t buy it. Unfortunately some people get caught up with a mentality of well let’s just offer offer offer and whatever gets accepted, then we will get picky about it and if it doesn’t cut the mustard then we will bail. You kind of see what I am saying?

Every buyer is different and I am not trying to generalize to much but this seems to be my personal experience over the past year.

I can indeed see why the agent that was posted about acted in the manner they did but still, I don’t agree with the behavior. I guess that agent is busy enough where they can pick and choose the business which is good for them.

************

sd-maybe having a clause about a right to rescind the offer is something that is good to have. However I don’t recommend any special nomenclature because as a buyer in the state of California you already have so many “outs” that it really is not necessary. Also you don’t want to have any implications to the lender that you are not REALLY interested in the home. Let them think you are in love 100% with this home and have no intent on bailing out or submitting other offers. Then if they do accept and you fell in love with another you can simply give them a dear John letter.

SD Realtor

[farbet]

SDRealtor Top of the Morning to you
Can you enumerate the “outs” one has to get out of a contract, if you please?
We are not all knowledgeable here.Thanks

[SD Realtor]

Man not being able to post until late every evening now is brutal. Lots to catch up on each nite. Farbet all of the outs include all of the contingencies that are specified in the Residential Purchase Agreement. These include right to cancel due to anything you find in the disclosures that you do not like, or a right to cancel based on ANY findings that you make during the due diligence period, or a right to cancel because you and the seller cannot agree on repairs you would like made, or a right to cancel because the home does not appraise, or a right to cancel because you could not get financing! Lots of them for a buyer to lean on and by cancelling before you remove the contingencies you should be getting your deposit back.

To all the other posts, I think that they are all pretty good.

Original poster if your realtor does not want to work on short sales then so be it. I will tell you that TODAY a buyer of mine had his escrow close and it WAS indeed a short sale. Another short sale where I am the listing agent is still going through processing.

So those who say short sales do not close are INCORRECT. If you have patience and I mean extraordinary patience, they can close.

If your happy with your agent then great, if not I am sure you can find another one up in Temecula who will work any sort of transaction for you.

SD Realtor

[Anonymous]

on second thought…accurate post though.

[Anonymous]

on second thought…accurate post though.

[Anonymous]

on second thought…accurate post though.

[Anonymous]

on second thought…accurate post though.

[Anonymous]

on second thought…accurate post though.

[SD Realtor]

Man not being able to post until late every evening now is brutal. Lots to catch up on each nite. Farbet all of the outs include all of the contingencies that are specified in the Residential Purchase Agreement. These include right to cancel due to anything you find in the disclosures that you do not like, or a right to cancel based on ANY findings that you make during the due diligence period, or a right to cancel because you and the seller cannot agree on repairs you would like made, or a right to cancel because the home does not appraise, or a right to cancel because you could not get financing! Lots of them for a buyer to lean on and by cancelling before you remove the contingencies you should be getting your deposit back.

To all the other posts, I think that they are all pretty good.

Original poster if your realtor does not want to work on short sales then so be it. I will tell you that TODAY a buyer of mine had his escrow close and it WAS indeed a short sale. Another short sale where I am the listing agent is still going through processing.

So those who say short sales do not close are INCORRECT. If you have patience and I mean extraordinary patience, they can close.

If your happy with your agent then great, if not I am sure you can find another one up in Temecula who will work any sort of transaction for you.

SD Realtor

[SD Realtor]

Man not being able to post until late every evening now is brutal. Lots to catch up on each nite. Farbet all of the outs include all of the contingencies that are specified in the Residential Purchase Agreement. These include right to cancel due to anything you find in the disclosures that you do not like, or a right to cancel based on ANY findings that you make during the due diligence period, or a right to cancel because you and the seller cannot agree on repairs you would like made, or a right to cancel because the home does not appraise, or a right to cancel because you could not get financing! Lots of them for a buyer to lean on and by cancelling before you remove the contingencies you should be getting your deposit back.

To all the other posts, I think that they are all pretty good.

Original poster if your realtor does not want to work on short sales then so be it. I will tell you that TODAY a buyer of mine had his escrow close and it WAS indeed a short sale. Another short sale where I am the listing agent is still going through processing.

So those who say short sales do not close are INCORRECT. If you have patience and I mean extraordinary patience, they can close.

If your happy with your agent then great, if not I am sure you can find another one up in Temecula who will work any sort of transaction for you.

SD Realtor

[SD Realtor]

Man not being able to post until late every evening now is brutal. Lots to catch up on each nite. Farbet all of the outs include all of the contingencies that are specified in the Residential Purchase Agreement. These include right to cancel due to anything you find in the disclosures that you do not like, or a right to cancel based on ANY findings that you make during the due diligence period, or a right to cancel because you and the seller cannot agree on repairs you would like made, or a right to cancel because the home does not appraise, or a right to cancel because you could not get financing! Lots of them for a buyer to lean on and by cancelling before you remove the contingencies you should be getting your deposit back.

To all the other posts, I think that they are all pretty good.

Original poster if your realtor does not want to work on short sales then so be it. I will tell you that TODAY a buyer of mine had his escrow close and it WAS indeed a short sale. Another short sale where I am the listing agent is still going through processing.

So those who say short sales do not close are INCORRECT. If you have patience and I mean extraordinary patience, they can close.

If your happy with your agent then great, if not I am sure you can find another one up in Temecula who will work any sort of transaction for you.

SD Realtor

[SD Realtor]

Man not being able to post until late every evening now is brutal. Lots to catch up on each nite. Farbet all of the outs include all of the contingencies that are specified in the Residential Purchase Agreement. These include right to cancel due to anything you find in the disclosures that you do not like, or a right to cancel based on ANY findings that you make during the due diligence period, or a right to cancel because you and the seller cannot agree on repairs you would like made, or a right to cancel because the home does not appraise, or a right to cancel because you could not get financing! Lots of them for a buyer to lean on and by cancelling before you remove the contingencies you should be getting your deposit back.

To all the other posts, I think that they are all pretty good.

Original poster if your realtor does not want to work on short sales then so be it. I will tell you that TODAY a buyer of mine had his escrow close and it WAS indeed a short sale. Another short sale where I am the listing agent is still going through processing.

So those who say short sales do not close are INCORRECT. If you have patience and I mean extraordinary patience, they can close.

If your happy with your agent then great, if not I am sure you can find another one up in Temecula who will work any sort of transaction for you.

SD Realtor

[farbet]

SDRealtor Top of the Morning to you
Can you enumerate the “outs” one has to get out of a contract, if you please?
We are not all knowledgeable here.Thanks

[farbet]

SDRealtor Top of the Morning to you
Can you enumerate the “outs” one has to get out of a contract, if you please?
We are not all knowledgeable here.Thanks

[farbet]

SDRealtor Top of the Morning to you
Can you enumerate the “outs” one has to get out of a contract, if you please?
We are not all knowledgeable here.Thanks

[farbet]

SDRealtor Top of the Morning to you
Can you enumerate the “outs” one has to get out of a contract, if you please?
We are not all knowledgeable here.Thanks

[farbet]

SDRealtor Top of the Morning to you
Can you enumerate the “outs” one has to get out of a contract, if you please?
We are not all knowledgeable here.Thanks

[farbet]

SDRealtor Top of the Morning to you
Can you enumerate the “outs” one has to get out of a contract, if you please?
We are not all knowledgeable here.Thanks

[farbet]

SDRealtor Top of the Morning to you
Can you enumerate the “outs” one has to get out of a contract, if you please?
We are not all knowledgeable here.Thanks

[farbet]

SDRealtor Top of the Morning to you
Can you enumerate the “outs” one has to get out of a contract, if you please?
We are not all knowledgeable here.Thanks

[farbet]

SDRealtor Top of the Morning to you
Can you enumerate the “outs” one has to get out of a contract, if you please?
We are not all knowledgeable here.Thanks

[SD Realtor]

In and of itself the short sale singular transaction for the buyers agent is not a chore. Unfortunately because of the timescales involved a single buyers agent may submit anywhere from 1 to (insert a number) of offers on short sales for a single buyer. Thus the chore is in the volume, not really a single transaction. Sorry for not spelling that out correctly in the above post.

Also people who tend to submit alot of offers on properties simply because of pricing are also those who tend to have escrows that crash and burn. That is, they focus on the price price price price rather then buying the home for the correct reason which is buy a home you love. If you love it but cannot afford then you shouldn’t buy it. Unfortunately some people get caught up with a mentality of well let’s just offer offer offer and whatever gets accepted, then we will get picky about it and if it doesn’t cut the mustard then we will bail. You kind of see what I am saying?

Every buyer is different and I am not trying to generalize to much but this seems to be my personal experience over the past year.

I can indeed see why the agent that was posted about acted in the manner they did but still, I don’t agree with the behavior. I guess that agent is busy enough where they can pick and choose the business which is good for them.

************

sd-maybe having a clause about a right to rescind the offer is something that is good to have. However I don’t recommend any special nomenclature because as a buyer in the state of California you already have so many “outs” that it really is not necessary. Also you don’t want to have any implications to the lender that you are not REALLY interested in the home. Let them think you are in love 100% with this home and have no intent on bailing out or submitting other offers. Then if they do accept and you fell in love with another you can simply give them a dear John letter.

SD Realtor

[SD Realtor]

In and of itself the short sale singular transaction for the buyers agent is not a chore. Unfortunately because of the timescales involved a single buyers agent may submit anywhere from 1 to (insert a number) of offers on short sales for a single buyer. Thus the chore is in the volume, not really a single transaction. Sorry for not spelling that out correctly in the above post.

Also people who tend to submit alot of offers on properties simply because of pricing are also those who tend to have escrows that crash and burn. That is, they focus on the price price price price rather then buying the home for the correct reason which is buy a home you love. If you love it but cannot afford then you shouldn’t buy it. Unfortunately some people get caught up with a mentality of well let’s just offer offer offer and whatever gets accepted, then we will get picky about it and if it doesn’t cut the mustard then we will bail. You kind of see what I am saying?

Every buyer is different and I am not trying to generalize to much but this seems to be my personal experience over the past year.

I can indeed see why the agent that was posted about acted in the manner they did but still, I don’t agree with the behavior. I guess that agent is busy enough where they can pick and choose the business which is good for them.

************

sd-maybe having a clause about a right to rescind the offer is something that is good to have. However I don’t recommend any special nomenclature because as a buyer in the state of California you already have so many “outs” that it really is not necessary. Also you don’t want to have any implications to the lender that you are not REALLY interested in the home. Let them think you are in love 100% with this home and have no intent on bailing out or submitting other offers. Then if they do accept and you fell in love with another you can simply give them a dear John letter.

SD Realtor

[SD Realtor]

In and of itself the short sale singular transaction for the buyers agent is not a chore. Unfortunately because of the timescales involved a single buyers agent may submit anywhere from 1 to (insert a number) of offers on short sales for a single buyer. Thus the chore is in the volume, not really a single transaction. Sorry for not spelling that out correctly in the above post.

Also people who tend to submit alot of offers on properties simply because of pricing are also those who tend to have escrows that crash and burn. That is, they focus on the price price price price rather then buying the home for the correct reason which is buy a home you love. If you love it but cannot afford then you shouldn’t buy it. Unfortunately some people get caught up with a mentality of well let’s just offer offer offer and whatever gets accepted, then we will get picky about it and if it doesn’t cut the mustard then we will bail. You kind of see what I am saying?

Every buyer is different and I am not trying to generalize to much but this seems to be my personal experience over the past year.

I can indeed see why the agent that was posted about acted in the manner they did but still, I don’t agree with the behavior. I guess that agent is busy enough where they can pick and choose the business which is good for them.

************

sd-maybe having a clause about a right to rescind the offer is something that is good to have. However I don’t recommend any special nomenclature because as a buyer in the state of California you already have so many “outs” that it really is not necessary. Also you don’t want to have any implications to the lender that you are not REALLY interested in the home. Let them think you are in love 100% with this home and have no intent on bailing out or submitting other offers. Then if they do accept and you fell in love with another you can simply give them a dear John letter.

SD Realtor

[SD Realtor]

In and of itself the short sale singular transaction for the buyers agent is not a chore. Unfortunately because of the timescales involved a single buyers agent may submit anywhere from 1 to (insert a number) of offers on short sales for a single buyer. Thus the chore is in the volume, not really a single transaction. Sorry for not spelling that out correctly in the above post.

Also people who tend to submit alot of offers on properties simply because of pricing are also those who tend to have escrows that crash and burn. That is, they focus on the price price price price rather then buying the home for the correct reason which is buy a home you love. If you love it but cannot afford then you shouldn’t buy it. Unfortunately some people get caught up with a mentality of well let’s just offer offer offer and whatever gets accepted, then we will get picky about it and if it doesn’t cut the mustard then we will bail. You kind of see what I am saying?

Every buyer is different and I am not trying to generalize to much but this seems to be my personal experience over the past year.

I can indeed see why the agent that was posted about acted in the manner they did but still, I don’t agree with the behavior. I guess that agent is busy enough where they can pick and choose the business which is good for them.

************

sd-maybe having a clause about a right to rescind the offer is something that is good to have. However I don’t recommend any special nomenclature because as a buyer in the state of California you already have so many “outs” that it really is not necessary. Also you don’t want to have any implications to the lender that you are not REALLY interested in the home. Let them think you are in love 100% with this home and have no intent on bailing out or submitting other offers. Then if they do accept and you fell in love with another you can simply give them a dear John letter.

SD Realtor

[sd-maybe]

I am also looking at some short sales which seem prime for a lowball offer. From what I understand its important to put language into your short sale offer that gives you the right to rescind the offer up until the bank actually accepts it, that way you dont have to wait around and can be out there submitting multiple short sale offers if you find many good deals out there.

[sd-maybe]

I am also looking at some short sales which seem prime for a lowball offer. From what I understand its important to put language into your short sale offer that gives you the right to rescind the offer up until the bank actually accepts it, that way you dont have to wait around and can be out there submitting multiple short sale offers if you find many good deals out there.

[sd-maybe]

I am also looking at some short sales which seem prime for a lowball offer. From what I understand its important to put language into your short sale offer that gives you the right to rescind the offer up until the bank actually accepts it, that way you dont have to wait around and can be out there submitting multiple short sale offers if you find many good deals out there.

[sd-maybe]

I am also looking at some short sales which seem prime for a lowball offer. From what I understand its important to put language into your short sale offer that gives you the right to rescind the offer up until the bank actually accepts it, that way you dont have to wait around and can be out there submitting multiple short sale offers if you find many good deals out there.

[Deal Hunter]

Not Normal – Lame or Lazy!

Your agent should accomodate you to look at any and all properties that fit your parameters. Just because a property is being short sold is no excuse for refusing to show it to you.

Yes, short sales can be a nightmare, but they can also be fantastic deals! There’s no harm in bidding what you believe to be a good price – and your broker should help you determine that. (Ask to seet the NET SHEET.)

It’s a BUYER’S MARKET, and you are a BUYER. You rule the day. Embrace your power and show those crazy sellers that you won’t be conned. You are in demand, so get those realtors to step up for you!

[bob007]

Why short sale is a nightmare unless as a buyer you need to move/buy a new property ?

I say apply for a short sale and keep looking for other properties.

[bob007]

Why short sale is a nightmare unless as a buyer you need to move/buy a new property ?

I say apply for a short sale and keep looking for other properties.

[bob007]

Why short sale is a nightmare unless as a buyer you need to move/buy a new property ?

I say apply for a short sale and keep looking for other properties.

[bob007]

Why short sale is a nightmare unless as a buyer you need to move/buy a new property ?

I say apply for a short sale and keep looking for other properties.

[bob007]

Why short sale is a nightmare unless as a buyer you need to move/buy a new property ?

I say apply for a short sale and keep looking for other properties.

[Deal Hunter]

Not Normal – Lame or Lazy!

Your agent should accomodate you to look at any and all properties that fit your parameters. Just because a property is being short sold is no excuse for refusing to show it to you.

Yes, short sales can be a nightmare, but they can also be fantastic deals! There’s no harm in bidding what you believe to be a good price – and your broker should help you determine that. (Ask to seet the NET SHEET.)

It’s a BUYER’S MARKET, and you are a BUYER. You rule the day. Embrace your power and show those crazy sellers that you won’t be conned. You are in demand, so get those realtors to step up for you!

[Deal Hunter]

Not Normal – Lame or Lazy!

Your agent should accomodate you to look at any and all properties that fit your parameters. Just because a property is being short sold is no excuse for refusing to show it to you.

Yes, short sales can be a nightmare, but they can also be fantastic deals! There’s no harm in bidding what you believe to be a good price – and your broker should help you determine that. (Ask to seet the NET SHEET.)

It’s a BUYER’S MARKET, and you are a BUYER. You rule the day. Embrace your power and show those crazy sellers that you won’t be conned. You are in demand, so get those realtors to step up for you!

[Deal Hunter]

Not Normal – Lame or Lazy!

Your agent should accomodate you to look at any and all properties that fit your parameters. Just because a property is being short sold is no excuse for refusing to show it to you.

Yes, short sales can be a nightmare, but they can also be fantastic deals! There’s no harm in bidding what you believe to be a good price – and your broker should help you determine that. (Ask to seet the NET SHEET.)

It’s a BUYER’S MARKET, and you are a BUYER. You rule the day. Embrace your power and show those crazy sellers that you won’t be conned. You are in demand, so get those realtors to step up for you!

[Deal Hunter]

Not Normal – Lame or Lazy!

Your agent should accomodate you to look at any and all properties that fit your parameters. Just because a property is being short sold is no excuse for refusing to show it to you.

Yes, short sales can be a nightmare, but they can also be fantastic deals! There’s no harm in bidding what you believe to be a good price – and your broker should help you determine that. (Ask to seet the NET SHEET.)

It’s a BUYER’S MARKET, and you are a BUYER. You rule the day. Embrace your power and show those crazy sellers that you won’t be conned. You are in demand, so get those realtors to step up for you!

[Author]

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