I have been working on short sales on a regular basis over the last few years.\u00a0 This has gone hand in hand with clients going into foreclosure and attempting to find a reasonable resolution for them.\u00a0 I don’t know exactly how many foreclosures I have been involved in, or how many short sales I have been involved in.\u00a0 I cannot say that it has ever been a high priority to actually keep count.\u00a0 I am more concerned with doing a good job for my client and giving them\u00a0an\u00a0acceptable exit to their stressful situation.\u00a0 That being said, I can say that\u00a0a high percentage\u00a0of the properties that do become short sales are eventually approved and successfully closed.<\/p>\n
But there is a magic number that I have heard from a few\u00a0Realtors on more than one occasion, and that number is one hundred.\u00a0 As in, “I have closed more than one hundred short sales”.\u00a0 And, my personal favorite …\u00a0“I closed more than one hundred short sales per year for the last three years.”\u00a0 When I hear a realtor boast about their alleged success, I don’t know if they are looking for someone to congratulate them or if they somehow feel that they need to tell me how experienced they are with short sales.\u00a0 If you are going to keep count, what is so magic about one hundred?\u00a0 I guess ninety-seven short sales is just not as impressive?\u00a0 And if you closed over one hundred\u00a0short sales, shouldn’t you keep a\u00a0running tally?\u00a0 One hundred and ten sounds better than one hundred to me.<\/p>\n
Short sales are much like snowflakes – no two are alike.\u00a0 Do I care how many short sales a realtor has been involved in?\u00a0 Not at all – providing they educate themselves and their clients about the process and how unreliable and time consuming it is.\u00a0 If\u00a0they want to let me know that they have\u00a0closed more than one hundred short sales – I may wish them congratulations – but as Shania Twain says, “That don’t impress me much.”<\/p>\n
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I have been working on short sales on a regular basis over the last few years.\u00a0 This has gone hand in hand with clients going into foreclosure and attempting to find a reasonable resolution for them.\u00a0 I don’t know exactly … Continue reading