What happens when you buy a short sale and just before closing you find the home has been trashed? This is a very big concern to home buyers and while we find homes aren’t always “trashed”, the damage either intentional or due to lack of maintenance is a fairly common issue. What can you do… Read More
This is part 5 in the series: 40 Questions You Need to Ask When Considering a Short Sale Questions for the Banks: Will You Play Nice? Its interesting to stand back from a short sale negotiation and watch the banks go back and forth with their offers and negotiations. Sometimes the banks play nice with… Read More
This is part 4 in the series: 40 Questions You Need to Ask When Considering a Short Sale Questions for the Home Owner: Is a Short Sale Realistic? It’s easy to forget about the home owners in a short sale transaction. It’s also easy to forget, the home owners have to keep their end of… Read More
This is part 3 of the series: 40 Questions You Need to Ask When Considering a Short Sale Question for the Listing Agent: Pro or No? Listing agents have their work cut out for them when it comes to short sales and I don’t envy them one bit. Amazingly, some do a really good job… Read More
This is part 2 of the series: 40 Questions You Need to Ask When Considering a Short Sale Questions for Your Agent: Veteran or Newbie? If you are considering a short sale, your agent needs to be educated and experienced with short sales in order for it to be a smooth transaction. They should be able to… Read More
Zillow’s Zestimate has stirred up a lot of controversy over the years. Home buyers love the transparency it presents regarding home values. While Realtors loath it because it lacks the professional expertise and transaction specific elements that need to be factored into determining a home’s value. Instead of telling you the Zestimate is bogus, I’d… Read More
You’ve found a home worth purchasing and its a short sale. Now its time to ask a few questions, but not just about the home. You’ll need to ask questions about everyone involved in the transaction including yourself to make sure moving forward is the right move. This will be a multi-part post starting with… Read More
A home buyer and contributer to the forums and blog comments, sent over a handful of questions this morning about the short sale he has under contract (not with Redfin). These are some really good questions, so I’d like to share the answers with everyone. #1. In this business, is it customary for listing agents… Read More
Today, 39% of homes for sale in the Phoenix Valley are short sales (homes where the seller owes their lender more than the home is worth). Six months ago 20% of the homes sold were short sales. Meaning, home buyers looking for a home today will find it impossible to avoid them. Are you ready… Read More