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Buyers aren't the problem

What ? Did you just say buyers aren't the problem? That's right. The problem is the folks doing the short sales and the foreclosures. They are backed up, behind, and generally unable to do a good job servicing clients. So lately we have clients who are buying walking away in disgust. So their buyers agent (Me, or folks I work with) get the blame. The deal is lost we lose money and the clients. We see buyers being bombed with information to buy and look at short sales and foreclosures. We explain to them the perils. They say they are fine with it all but then as it gets really sticky they move on. Do not go shopping to buy a foreclosure. Do not going shopping to buy a short sale. Do work with a Realtor and go shopping for a GOOD deal. PLEASE

Posted Thursday Jul 09
( 07/09/09 02:45PM ) — Edward & Celia Maddox

Short Sales are the problem.  Bank owned after they have been foreclosed on go quickly.


Your Queen Creek AZ Real Estate Specialist

( 07/09/09 02:45PM ) — Edward & Celia Maddox

Short Sales are the problem.  Bank owned after they have been foreclosed on go quickly.


Your Queen Creek AZ Real Estate Specialist

( 07/09/09 03:21PM ) — Celeste "SALLY" Cheeseman HAWAII Relocations & Real Estate

I'm with you on that one....good deals are still to be had....short sales and foreclosures have no warranty and they don't do anything to fix etc.


Now....VA transactions are getting bad. 5.5 weeks for an appraisal report!!!!!  I'm waiting...waiting...my clients are in a hotel. How's that helping our vets?

( 07/09/09 04:28PM ) — Tim Cahill MBA, EcoBroker

I think the appraisal issue is a HUGE problem all around.  If something doesn't happen about that soon (no matter what program is insuring the mortgage), we'll be headed for another housing collapse.

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