http://www.tucsonazrealestateblog.com/tucson-real-estate/coming-up-short-on-short-sale-offer/ & What it is like living in Tucson Thu, 09 Feb 2012 01:34:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.tucsonazrealestateblog.com/tucson-real-estate/coming-up-short-on-short-sale-offer/comment-page-1/#comment-11571 Tony Sena Tue, 21 Apr 2009 03:56:35 +0000 http://www.tucsonazrealestateblog.com/?p=1061#comment-11571 With everyone talking about how we are in a buyer's market it's understandable how a buyer would think they could get a bank or lender to accept a contingency but that's just not the case. They don't realize it's not a buyer's market when you are negotiating with a bank or lender. They may be flexible on price and closing costs but that's about it. With everyone talking about how we are in a buyer’s market it’s understandable how a buyer would think they could get a bank or lender to accept a contingency but that’s just not the case. They don’t realize it’s not a buyer’s market when you are negotiating with a bank or lender. They may be flexible on price and closing costs but that’s about it.

]]> http://www.tucsonazrealestateblog.com/tucson-real-estate/coming-up-short-on-short-sale-offer/comment-page-1/#comment-11478 Dan Simon - Charleston SC Real Estate Mon, 13 Apr 2009 20:15:05 +0000 http://www.tucsonazrealestateblog.com/?p=1061#comment-11478 You make some good points, thanks for sharing. 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” or a “bank owned” property. As a "buyers agent" with experience in short sales & REO properties, I really explain the process a buyer and prepare them for a potentially drawn out and frustrating experience. They risk spending money on inspections etc….. 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. also A “bank owned” or a “short sale” property does not automatically make it 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 a “buyer’s agent” that will explore all the options! You make some good points, thanks for sharing. 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” or a “bank owned” property. As a “buyers agent” with experience in short sales & REO properties, I really explain the process a buyer and prepare them for a potentially drawn out and frustrating experience. They risk spending money on inspections etc….. 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.
also
A “bank owned” or a “short sale” property does not automatically make it 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 a “buyer’s agent” that will explore all the options!

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