Relocate to Wisconsin : Short Sale Tale Part 30- Too High, Too Long, Too Bad...First Agent

We recently listed a short sale....it had been listed for two years...no home in that location had ever sold for the nearly the price it was listed at...or re-listed by the same agents For the divorcing sellers...things went from bad to worse...the market continued to decline...they...AND the agent held the price.  She kept telling them that there were "interested buyers".  The truth is that most probably there is NO WAY THE HOUSE WOULD EVER APPRAISE AT ANYWHERE NEAR THE LIST PRICE !   We listed the home as a short sale...the only option for the  sellers who are a little more than 90 days away from the Sheriff's sale. The first week on the market...we got an offer...short sale priced correctly. What will this mean to these sellers...No garnishment, a predictable date to move...no semi-permanent credit ding of foreclosure...no risk to employment credit investigation...WOW !

        The first listing agent took the listing before it went to foreclosure...she heard the date the judge gave the couple.....and continued to list the property at a price for which it would not sell.  This is not the first such case we have seen. Another couple had listed their property for six months.....and never had a showing...and didn't know why....didn't know the could cancel the contract...didn't know the house was priced too far above the market to sell.....No one knew who could make the decision because no agent was ethical enough to tell the sellers....and as a result...The Foreclosure Bus almost caused a seller fatality.

      If your home has been listed for a long time...you are upside down (you have missed mortgage payments or will soon) you have had no offers and few showings...there is a reason...don't let the Foreclosure Bus run you over. It's hard when the present agent has sold you a house, the agent is a friend or a relative...and the truth of the value of your home is sometimes not pleasant....but better that than the consequences of Foreclosure.  If any of this blog sounds way toooo familiar....Call us...it's FREE, the advice is Priceless...we can help you with a local agent wherever you are in the country...TOLL FREE 877-525-0563 or locally 414-525-0563.