First I want to thank you sooo much for thinking of us...
Know that there is no business like more business and we love what we do...
We knew when we left the house...they were hoping against hope that we were underestimating the value of their home. From the "tell it like it is" school which you know from other referrals you have so generously given us...we believe that the home is very, very dated and will not sell for the price they imagine will pay their indebtedness to the lenders and give them "start over" money. Truly the only option they have given her unemployment and his underemployment, is a short sale. As you know, we don't buy listings ...they have already received their NOD (Notice of Default) months ago and are on their way to foreclosure.
They are listing with their former agent who could have helped them sell if she had been honest the first time when they first divorced, about what it was worth....I will bet all my money, my license etc. they will go into foreclosure because they want to believe what she is telling them about the price....In the zillion years I have been licensed...I have been wrong once...and this was not it. The house is not worth close to the asking...and they will ride the foreclosure bus but some folks have to learn that the hard way.
Thanks Again...happy to help people who will help themselves...sorry they were not it !
Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro
Short Sale Specialists
Hanson's...- Too often people only realize they made a mistake, after the mistake has been made.
Sadly, it happens on the lending side too! We get people all the time that ask us..."how much are your closing costs"...I normally say..>I dont know...what do you want them to be??" ...They will laugh, but in the end, the FIRST person they spoke with....ONLY PLUGGED C Costs...and didnt have the GFE correct, the escrow, and the list goes on...IN the end, they get screwed...but ...will they come back,call, no....because nobody wants to go back to anybody with their tail between their legs! >>>
D
Such is the Tale of Short Sales Bucky...Lots of Tails ! If the sellers had gotten with an ethical agent before then,...they may not be short !
Sally and David - That is sad. The agent doesn't determine the price, we all know. The market does and WILL.
You wish there was a law...an ethics violation that was actually pursued and punished for listing property at prices that no one would/could/should pay...that the market/appraiser will not collaborate...while beauty is in the eye of the beholder...the price is in the pocket of the market.
I like the agent who takes the listing at $100,000 above comps because the seller:
And there are agents who take those listings! I guess they figure that any listing is better than no listing, and perhaps if one didn't have to do any work, that might be the case. There is nothing wrong with dreams, but those dreams have to be in living color!
I am not sure how, as the listing agent, you sleep nights...or does the "listing" blind you to reality....?