I have decided to voice some hopes about short sales for the year 2009. I am not going to predict how many short sales are going to take place or how aware people are of short sales. I am going to voice my short sale hopes concerning the banks.
- I hope the short sale process gets quicker. This can be done by increased communication between the short sale negotiator and the bank.
- I wish you could talk to an “area” specific short sale representative. This way they would be informed about the number of Scottsdale short sales or the increased depreciation in certain Arizona areas.
- I hope the banks stop acting like they are doing some great favor to the homeowner. Yes, there are undeniable benefits with a short sale for a homeowner. But the only reason the bank even considers a short sale is because they get more money.
- I hope the bank stops cutting Realtor’s commission with a short sale. A short sale may be, at least 5X more difficult than a traditional sale. Just because the bank is taking a loss with a short sale does not mean the Realtor should be taking a hit.
Thanks for reading and come back for some more!
- Jeff Buettner
Real Estate Wiz Kid
Arizona Short Sale Realtor & Negotiator
I need an Arizona Realtor for my Scottsdale short sale!
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I too hope for a wuicker and easier process.
I hope for all of these things too but I am not optimistic that they wil happen. I also hope that 2009 is a better year and less people have to go the route of short sale or foreclosure but I also think that is unlikely. But to your point, the short sale process is painful and needs some dire improvement. Thanks for the post.