Got this from UAR (Utah Association of REALTORS®). How slow are short sales? What a great question! If you’re thinking about selling your home short (briefly defined as the lender(s) will take short of a full payoff) or purchasing a short sale, how long will it take? Here’s a list recently published by Deutsche Bank [...]
Why today’s marker isn’t Always a Screaming-Deal Buyer’s Market
So many buyers are under the impression that they can steal a home for easily 30-50% under market because there are so many homes out there including short sale (pre-foreclosure) and bank-owned (foreclosure) homes out there. What they probably don’t know is the total inventory of homes has dropped by nearly 30% between August of [...]
Good news! Banks can’t negotiate REALTOR Commissions in Short Sales
In the world of preforeclosure sales-often referred to as short sales-banks have put REALTORS® into a difficult dilemma: either cut commissions they’ll be willing to pay to approve a sale as THE third party to a transaction, or walk away from the deal. Let’s start at the beginning… A completed short sale is a real [...]
