More and more home buyers are not accepting the time limits
associated with bank short sales. It
might just be the same with the banks.
Is everyone getting tired of the consequences of sellers deciding to
sell short.
Just a few years ago the boom was fast and it seems like it
took over the entire real estate industry.
You couldn’t view homes without half being one such property. What did this do to the housing
industry? It certainly change home
values from the start. Taxes went down;
buyers were acquiring homes for rock bottom.
It developed into its own niche.
The flustering part of negotiating short sales was the lack
of protocol and procedures that banks needed to follow. The real estate industry quickly conformed to
perhaps a sideline of activities that really needed specific training. Thus the Short sale and foreclosure
designation was born. MLS groups needed
to change contracts and who knows what happened to the appraisal profession!
Zoom forward to 2013; most buyers would just as soon pass on
the short sale listings. The buying public
has faded back into the business end of purchasing real estate and backing off
of the hassles that are associated with short sale transactions. It is refreshing to work with what is now
called “Fair Market” sales or everyday sales.
Yes no bank and no other 3rd party. Breaths of fresh air!
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