Comments on: The Questions That A Short Sale Bring

By: Thesa Chambers, Broker, ABR

Thesa Chambers, Broker, ABR — Thu, 04 Jun 2009 16:44:19 +0000

Glad I could help – let me know what I can do to assist you.

By: AndrewBoldman

AndrewBoldman — Thu, 04 Jun 2009 14:41:41 +0000

Hi, good post. I have been wondering about this issue,so thanks for posting.

By: Thesa Chambers, Broker, ABR

Thesa Chambers, Broker, ABR — Fri, 29 May 2009 22:55:16 +0000

It is amazing what can and does happen in a short sale. In Central Oregon we see a lot of funny things. I loved your comment thank you – buyers need to understand that it requires lots of patience.

By: Dan Simon - Charleston SC Real Estate

Dan Simon - Charleston SC Real Estate — Fri, 29 May 2009 20:47:35 +0000

Thesa,
Great idea – thanks for putting this together! There are some great opportunities out there for buyers in today’s market. In Charleston SC, I get calls daily from buyers interested in putting an offer in on a “short sale” property. As a “buyers agent” with experience in short sales, I really explain the process to a buyer and prepare them for a potentially drawn out and frustrating experience. They risk spending money on inspections etc….. to then have the deal fall through at the last minute. If the buyers have the patience and the property really suits their needs then it might make sense to move forward. If the buyer needs to coordinate the closing of the short sale property with the closing of the sale of their current home they could be in for a bumpy ride. The short sale lender does not care if all your belongings are in moving truck and your dogs are in a kennel. A “short sale” situation does not automatically make a property a “great deal”. After you do all of the repairs that may be needed etc…. what have you really gained? There could be a home listed just down the street with realistic sellers who have taken good care of their home that could just as good an opportunity. A buyer should find an experienced “buyer’s agent” that will explore all the options!

By: Thesa Chambers, Broker, ABR

Thesa Chambers, Broker, ABR — Thu, 28 May 2009 18:43:22 +0000

Thanks Kathy – I took what folks were looking for on search terms to collect this list – I hope it helps some buyers out and explains what they are trying to find.