Burnsville Mn Short Sales: Is this an acceptable offer from a buyer for my short sale property?
Burnsville Mn – Some buyers think since it is a buyer’s market, they can make any crazy demand of a seller they want but, they can’t understand why the seller isn’t excited about their lowball offer.
Here is an example of a recent story where this happened. A buyer makes an offer on a short sale.
1. The buyer puts no money in deposit for the home. In other words, they have about zero risk. (Meanwhile, the seller is still risking foreclosure.)
2. The buyer’s are putting $150,000 down on the property, but don’t bother putting any more than $1,000 in earnest money down and only after the short sale has been approved by the bank.
3. Buyer is only allowing 30 days for short sale approval. (News flash: Most short sales take an absolute minimum of 60-90 days to be approved.)
4. Buyer is demanding seller take the property off the market and not accept backup offers. Oh, but they can walk at anytime. Is that fair?
Is this a little one sided or what? If you are a short sale seller, then the agent representing you should negotiate a better offer. You need the buyer to have a little skin in the game or it will end up being a waste of everyone’s time including the buyer’s.
If better terms can’t be had, then you dramatically reduce the odds of successfully short selling your home. Thinking about a short sale?
I can help you short sale your property and never pay the bank another penny. Send me an e-mail at TimMurphy@MetropolitanHomeTeam.com I will contact you for a Free No Cost, No Obligation consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (952) 223-0999
Discover how other sellers successfully completed a short sale and request a free consultation by Clicking Here
Thinking about a loan modification? Our Burnsville Mn loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to get your copy.
Thanks for reading this, Tim Murphy.
Tim is a local Burnsville Mn real estate agent @ Re/Max Results.
Phone: (952) 223-0999.
P.S. Please feel free to call or e-mail me at anytime for a FREE No Cost, No Obligation Consultation. My goal is to help as many families as I can in 2011.
Get the tools you need for a successful loan modification by clicking here.
Discover how other sellers successfully did a short sale and request a free consultation by clicking here.
Tim Murphy, MN & WI Licensed Realtor
Metropolitan Home Team
RE/MAX RESULTS
Phone: 952.223.0999
Tim Murphy specializes in helping Burnsville Mn Homeowners short sale and never pays the bank another penny. Burnsville Mn Loan Modification Help, Burnsville Mn Short Sales. Burnsville Mn Short Sale Realtor, Burnsville MN Realtors, Burnsville MN Realty, Burnsville MN Avoid Foreclosure, Stop Foreclosure Burnsville MN. Lakeville MN Short Sales, Rosemount MN Short Sale Realtor. Farmington MN Short Sales, Eagan MN Short Sale Realtor.
Copyright 2011 Metropolitan Home Team. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
The views expressed here are Tim Murphy’s personal views and do not reflect the views of the Metropolitan Home Team or Re/Max Results. This information on Burnsville Short Sales: Is this an acceptable offer from a buyer for my short sale property?