NAR released its latest pending home sales index figure last week and for the second month in a row the index is up. But more than that, the index has broken 100.
Oh my how times have changed the past five years! Five years ago did anyone know what a short sale was? I didn't because things were booming on Hilton Head Island and Bluffton, and everyone was riding the wave of rapid appreciation. You know the story, then the lights got turned off over-night and all of sudden the economy came to a skidding halt. The first short sale I did was in 2008 for a good friend of mine and we worked our way through it together, not really knowing what we were doing, but we somehow got it approved. All of sudden I was a short sale expert and that was a good thing because if I didn't know anything about short sales, or want to help clients that needed to do a short sale, I would not have survived through 2008, 2009, and 2010! Today short sales comprise about 80% of my business here on Hilton Head and Bluffton. All price ranges, all different types of people from different backgrounds and for different reasons.
The best advice I can give to anyone looking to buy a short sale or to sell their house short is to retain an experienced agent to help you. If I have a buyer that is looking at short sales and I see it's an agent that does not have their CDPE designation, or if I know the agent does not have a lot of experience in dealing with short sales I am a little nervouse to have my buyer make an offer on that property. Once you develop a reputation for being able to get short sales closed other agents will not be afraid to bring their buyers to your short sale listings. Sellers: hire an experienced short sale agent to represent you!!! Buyers: hire an experienced short sale agent to help you buy a short sale. Tisha & Co. has that expertise, we have our CDPE (Certified Distressed Property Expert) designation, and we get short sales CLOSED!
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