Every day it seems a new home or homes are listed in the Kissimmee/Osceola County area, which are subject to a short sale contingency.
Some agents are pulling their hair out over the frustration they feel when trying to get all parties: lenders, sellers, buyers and agents on the same page in order to close these deals. The paperwork and time involved with a short sale, with results and answers often coming no faster than a sleeping snail, have many agents reluctant to get involved with the process.
Regardless of how agents feel about the short sale process, these transactions do offer insight to how the market will eventually become healthy.
Many homes listed with a short sale contingency are receiving something not normally found in today’s real estate. Multiple offers. With so many opinions on how these offers should be handled, we may have lost sight of an important fact, the multiple offer fact.
Why are these homes receiving multiple offers when as an industry we have been lamenting the lack of buyers? What magical lure do these types of homes have over buyers?
Sellers who are not faced with the short sale situation, but unable to attract a buyer to even look at their home, should contact their agent and find out what this magical lure is.
The answer is there.
Related Florida real estate views:
Real estate agents would be wise to pick short sales over long sales.
Smart home sellers listen to what the market is telling them.
2.5 million dollars in price reductions
- Greg Staker Watson Realty Corp. 407-304-0255
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