Real estate matters: Short sale doesn’t mean quick sale!
Posted by Rule 1: Be realistic but aggressive with the asking price
There is nothing short about the short sale process, but sellers MUST remember that time is not on their side.
Because most sellers of short sale properties are not making mortgage payments and many are facing foreclosure. Lenders are taking months to respond to an offer on a property, so the sooner the seller receives as offer, the better.
Therefore, it should be every seller’s goal to have a contract within the first 90 days.
Watch the full video interview of with Denny Grimes here
By WINK News
Story Created: Sep 7, 2009 at 3:05 AM EDT
(Story Updated: Sep 7, 2009 at 3:05 AM EDT )
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