Comments on: Las Vegas Short Sale Update: Understanding how listing agents market short sales http://www.senasellsvegas.com/blog/2009/03/06/las-vegas-short-sale-update-understanding-how-listing-agents-market-short-sales/ Las Vegas, North Las Vegas, Henderson and Boulder City Real Estate News Thu, 29 Jul 2010 21:54:06 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Paul Rowe http://www.senasellsvegas.com/blog/2009/03/06/las-vegas-short-sale-update-understanding-how-listing-agents-market-short-sales/comment-page-1/#comment-1269 Paul Rowe Sun, 08 Mar 2009 00:05:49 +0000 http://www.senasellsvegas.com/blog/?p=322#comment-1269 Thank you for the response, Dan. Some of our best properties here in Las Vegas are short sales, you just need the right kind of buyer to enter that market. With regards to money up front for inspections, I don't let my clients spend a dime until I have all lender short sale approval letters in hand. Continued success, Paul Thank you for the response, Dan. Some of our best properties here in Las Vegas are short sales, you just need the right kind of buyer to enter that market.

With regards to money up front for inspections, I don’t let my clients spend a dime until I have all lender short sale approval letters in hand.

Continued success,

Paul

]]> By: Dan Simon - Charleston SC Real Estate http://www.senasellsvegas.com/blog/2009/03/06/las-vegas-short-sale-update-understanding-how-listing-agents-market-short-sales/comment-page-1/#comment-1267 Dan Simon - Charleston SC Real Estate Sat, 07 Mar 2009 14:51:50 +0000 http://www.senasellsvegas.com/blog/?p=322#comment-1267 Paul, 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 property. As a "buyers agent" with experience in short sales, 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. A property that is in a “short sale” situation does not automatically make it a “great deal”. There could be a home listed just down the street with a realistic seller that could just as good an opportunity. Paul,

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 property. As a “buyers agent” with experience in short sales, 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.

A property that is in a “short sale” situation does not automatically make it a “great deal”. There could be a home listed just down the street with a realistic seller that could just as good an opportunity.

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