Short Sales

[sdrealtor]

Admittedly it is my best month ever. The key to doing it as you surmise is having a great team behind me. My negotiator and TC are great. Both are experienced, smart, honest, hardworking and a pleasure to work with on a daily basis. I also have an attorney I work with. I am in constant contact via email, text and phone (gotta love that blackberry thingee!). I have my eyes, ears and hands on everything every step of the way.

I also frequently write checks when we are short at closing just to get it done and move on to the next one. I’m all about being fair to everyone in the transaction while getting results not ego or getting every last penny for myself which is why I beleive I am so successful at closing these short sales. At the end of each transaction, I generally get a thank you from the buyer’s agent and comments that they wished other agents handled them the same way. At the end when everyone is paid I net between 40 and 50% of the gross commission dollars but the volume and consistency is what I am after.

I’m seriously considering shutting it down for month to give myself a break as I’ve been on overload for several months now.

[smshorttimer]

sdr,

I hope you are not the powerhouse agent/broker who closed a short sale that we wanted.

In May, we saw a house we loved in SE Escondido. We liked it so much that we went $5K above list (hold your snickers). Alas, it had to be a backup offer, but we were apparently at the front of that line.

Yesterday it closed at $3K over list on a FHA loan — a brokerage repped both sides. I wonder if the lender knew there was at least one higher offer on the property — and a conventional, 20 percent down one at that? I realize $2K ain’t much, but it still stinks for us. We’ve seen inferior properties go up to $70K over list, so to see this place go for what it did is comparatively baffling.

[smshorttimer]

sdr,

I hope you are not the powerhouse agent/broker who closed a short sale that we wanted.

In May, we saw a house we loved in SE Escondido. We liked it so much that we went $5K above list (hold your snickers). Alas, it had to be a backup offer, but we were apparently at the front of that line.

Yesterday it closed at $3K over list on a FHA loan — a brokerage repped both sides. I wonder if the lender knew there was at least one higher offer on the property — and a conventional, 20 percent down one at that? I realize $2K ain’t much, but it still stinks for us. We’ve seen inferior properties go up to $70K over list, so to see this place go for what it did is comparatively baffling.

[smshorttimer]

sdr,

I hope you are not the powerhouse agent/broker who closed a short sale that we wanted.

In May, we saw a house we loved in SE Escondido. We liked it so much that we went $5K above list (hold your snickers). Alas, it had to be a backup offer, but we were apparently at the front of that line.

Yesterday it closed at $3K over list on a FHA loan — a brokerage repped both sides. I wonder if the lender knew there was at least one higher offer on the property — and a conventional, 20 percent down one at that? I realize $2K ain’t much, but it still stinks for us. We’ve seen inferior properties go up to $70K over list, so to see this place go for what it did is comparatively baffling.

[smshorttimer]

sdr,

I hope you are not the powerhouse agent/broker who closed a short sale that we wanted.

In May, we saw a house we loved in SE Escondido. We liked it so much that we went $5K above list (hold your snickers). Alas, it had to be a backup offer, but we were apparently at the front of that line.

Yesterday it closed at $3K over list on a FHA loan — a brokerage repped both sides. I wonder if the lender knew there was at least one higher offer on the property — and a conventional, 20 percent down one at that? I realize $2K ain’t much, but it still stinks for us. We’ve seen inferior properties go up to $70K over list, so to see this place go for what it did is comparatively baffling.

[smshorttimer]

sdr,

I hope you are not the powerhouse agent/broker who closed a short sale that we wanted.

In May, we saw a house we loved in SE Escondido. We liked it so much that we went $5K above list (hold your snickers). Alas, it had to be a backup offer, but we were apparently at the front of that line.

Yesterday it closed at $3K over list on a FHA loan — a brokerage repped both sides. I wonder if the lender knew there was at least one higher offer on the property — and a conventional, 20 percent down one at that? I realize $2K ain’t much, but it still stinks for us. We’ve seen inferior properties go up to $70K over list, so to see this place go for what it did is comparatively baffling.

[sdrealtor]

Sorry i’m just a small time guy who likes to keep a low profile in real life.

In a short sale the listing agent has alot of power and many abuse it. I rarely represent both sides and would only do so if the buyer I was repping was legitamitely the best buyer IMO.

[sdrealtor]

Sorry i’m just a small time guy who likes to keep a low profile in real life.

In a short sale the listing agent has alot of power and many abuse it. I rarely represent both sides and would only do so if the buyer I was repping was legitamitely the best buyer IMO.

[sdrealtor]

Sorry i’m just a small time guy who likes to keep a low profile in real life.

In a short sale the listing agent has alot of power and many abuse it. I rarely represent both sides and would only do so if the buyer I was repping was legitamitely the best buyer IMO.

[sdrealtor]

Sorry i’m just a small time guy who likes to keep a low profile in real life.

In a short sale the listing agent has alot of power and many abuse it. I rarely represent both sides and would only do so if the buyer I was repping was legitamitely the best buyer IMO.

[sdrealtor]

Sorry i’m just a small time guy who likes to keep a low profile in real life.

In a short sale the listing agent has alot of power and many abuse it. I rarely represent both sides and would only do so if the buyer I was repping was legitamitely the best buyer IMO.

[smshorttimer]

[quote=sdrealtor]Sorry i’m just a small time guy who likes to keep a low profile in real life.

In a short sale the listing agent has alot of power and many abuse it. I rarely represent both sides and would only do so if the buyer I was repping was legitamitely the best buyer IMO.[/quote]

Two agents but same agency, with the listing agent also a broker.

What’s also weird is I haven’t seen the closing update on SDLookUp.

[smshorttimer]

[quote=sdrealtor]Sorry i’m just a small time guy who likes to keep a low profile in real life.

In a short sale the listing agent has alot of power and many abuse it. I rarely represent both sides and would only do so if the buyer I was repping was legitamitely the best buyer IMO.[/quote]

Two agents but same agency, with the listing agent also a broker.

What’s also weird is I haven’t seen the closing update on SDLookUp.

[smshorttimer]

[quote=sdrealtor]Sorry i’m just a small time guy who likes to keep a low profile in real life.

In a short sale the listing agent has alot of power and many abuse it. I rarely represent both sides and would only do so if the buyer I was repping was legitamitely the best buyer IMO.[/quote]

Two agents but same agency, with the listing agent also a broker.

What’s also weird is I haven’t seen the closing update on SDLookUp.

[smshorttimer]

[quote=sdrealtor]Sorry i’m just a small time guy who likes to keep a low profile in real life.

In a short sale the listing agent has alot of power and many abuse it. I rarely represent both sides and would only do so if the buyer I was repping was legitamitely the best buyer IMO.[/quote]

Two agents but same agency, with the listing agent also a broker.

What’s also weird is I haven’t seen the closing update on SDLookUp.

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