Why Short Sales Fail In Kuna....Time!

Short sale listings contribute 35% of the active listings in Kuna. But in this year only 16% of the sold listingsare short sale listings.There are several reasons why short sales are difficult. One of the most frequently overheard complaint would be....long waits, causing the buyer to give up and look elsewhere.

Everyone dealing with short sales would do well to understand what is taking place behind the delays and how to address the most common causes.

#1 Lack Of Staff Many banks are simply short on staff and unable to keep up with growing demand. Make it easy on overwork workers in every way possible; not only will they appreciate the reduced work but it certainly helps to present our offer in the best light possible.

#2 Failure of the Homeowners/Real Estate Agent to Properly Handle Paperwork Keep the lines of communication open and help the homeowner provide the appropriate paperwork in a timely manner. While it might seem a bit obvious, don't expect every homeowner to have the motivation required to follow up even on something that is likely to help their own situation. Many people simple shut-down when overwhelmed.

#3 Believe it or not....Multiple Offers One of the main reasons for a lender to take their precious time before approving a short sale is to consider multiple offers.

#4 Lack of Other Offers! While entertaining multiple offers is more frequently the cause of delays when processing short sale offers, the lack of any other offers especially on an otherwise, "attractive" property may also result in longer approval times or outright procrastination on the part of the lender.

There are ways to elpyour short sale be a success! Knowledge and sing a team of skilled professioals is what I have found to be a winning combination.

If you live in the Kuna area and think you may need to do a short sale on your home, please give me a call. I have options for homeowners. Once you know what your options are, it will be easier for you to make the right decision.