Hula and The Real Estate Market Today

So much time is wasted waiting for Short Sale Offers to go through, why hasn't the banking industry caught up? It's been long enough now that they should be accepting or rejecting offers as they reach their desks, it is not necessary for a buyer to be left hanging for weeks and mostly months waiting to hear back. You would think that due to the vast amount of homes in the pre-foreclosure stage they would be happy to negotiate with a viable buyer....you would think...but the answer is still.....wait, wait, wait.

Sorry, good buyers are not waiting anymore they have their mindset of purchasing and moving on not sitting until they get pushed out due to a better offer. So for those agents and lenders in the Short Sale Market I request a time-line that will keep this Real Estate Market flowing instead of blocking the recovery that we all need. It's only hurting our business not helping. I have to say that when I see the words on the MLS Short Sale, I flinch and personally I don't want to even show this property but if it meets my clients criteria I do anyway.

Sadly though the Short Sale market is still a disappointing transaction process, and now companies are popping up all over that claim to handle Short Sales, accompanied by Attorneys. With Realtors just trying to survive in this Market we now have to have Attorneys be the negotiator instead of being able to do what we are suppose to do for our clients.

If your working with a Seller/Short Sale, you may have to go that route but if your working with a Buyer/Short Sale you still have the option to walk. Until a time-line of functionality for a Short Sale is adopted I think I will still flinch when I see those 2 little words.

In any case, be the best Realtor you can for your client they definetly need your expertise in this Real Estate Market.