Posts Tagged ‘help’

Hey Short Sale Listing Agents Out There! HELP ME OUT would ya?

Tuesday, November 3rd, 2009

Short SaleI find myself having to call the listing agents of short sales all the time with the same questions, over and over and over. Even the “famous” ones (well they are the worst actually) do little in their listings to help me out (or other real estate agents for that matter). Please short sale listing agents, note answers to the following in the agent remarks of your listings so I don’t have to bug you!!!!! Every short sale is different!

  1. How many lenders are involved? (of course I would prefer to know that Countrywide isn’t one of them)
  2. How many offers do you currently have on the home?
  3. Has the seller already accepted an offer and sent it to the bank? If so will they send additional offers through or will they only allow one through at a time making additional offers backup only?
  4. Has your seller given you permission to disclose what the highest offer is?
  5. What is your rough guess for a bank response time? About 3 months or possibly more than 6?
  6. Has the seller already turned in the hardship package to the bank(s) yet?
  7. Do you think the bank will accept your list price or did you underprice it to generate offers? (okay, I don’t expect you to answer that one)

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