Educating Buyers Agents to Short Sale Process/Timeline - Page 2

clniles · #11 10-18-2007, 12:01 PM

Quote:

Originally Posted by FrankWible

I hear you! I decided to create a document that I send out to anyone (or agent) making an offer on the home. This document details the process and what time line people can expect, etc. I don't go into detail..I'm not gonna give up my secrets

, but it makes them understand what is happening. Agent and possible buyer must sign and send back to me before I create contracts.

I even thought about putting an addendum and offer sheet in my vacant homes (like an REO does) that I have listed, but I am not sure this helps the seller.

I guess it really does not matter. I am selling my listings so fast that I make it clear to agents and buyers that I will not accept an offer lower than list price. I price my houses very aggressive and to sell, so I make it clear that is the bottom line...some agents get pisst at that more than the idea of dealing with the short sale! OH WELL!!

If you want a copy of the letter I send them and make them sign, let me know!

BEST OF LUCK!

Hi Frank... Just reading your comments about the letter. I'd love a copy...
carole@caroleniles.com

Carole Niles
Keller Williams Realty (Florida)
Cell... 561-504-4224

meileu3366 · #12 10-22-2007, 07:36 PM

Hi Frank:
I would also appreciate a copy of the letter you send to buyer agents and their clients.
Thanks for sharing!
Mei
MeiLeung@earthlink.net

metolson · #13 10-31-2007, 04:10 PM

Frank can I get a copy of your cover letter that you send to the buyer agents too please. Thank you. Mike. By the way, what is your secret for getting so many short sales. I am getting a few, but no where near that crazy number you are getting.

thanks,

Mike

Andrea Clay · #14 11-12-2007, 05:40 AM

I would also appreciate a copy of your letter/timeline...

Thank you for sharing!

Andrea Clay
Keller Williams Realty Atlanta Metro East
andrea@FocusOnTheDetails.com
678-487-1680 direct
678-298-9624 direct fax

Maury Tome · #15 11-23-2007, 12:50 PM

Frank -

I would also appreciate a copy of the letter you send to buyer agents and their clients.

Thank you for sharing!
Maury Tome
Maury@TomeHomeNetwork.net

ddaly@libertynationalreal · #16 01-11-2008, 09:57 AM

Hi Frank,
Could I please get a copy of the letter as well? Thank you.

ddaly@libertynationalrealestate.com

Donna Leathem · #17 01-23-2008, 06:06 PM

Quote:

Originally Posted by Jenks

I am spending a great deal of time educating buyers agents on my short sale listings with respect to how it is different than a retail sale, the process and the lengthy time element to get a short sale approved with the bank.

What are some presentation points that will encourage an offer and yet keep us out of hot water when the lender takes "forever" to approve?

Hi Frank,
I am just learning about short sales and would love to have your letter to buyers. Thank you in advance.
Donna
dleathem@cox.net

tbclay · #18 01-30-2008, 07:32 AM

Frank. Please send me a copy of the letter you send to buyer agents. Also, is there a way to get a shortsale through the bank if the seller is upside down, but not in a distress situation or missed payment situation just yet?

Thanks so much.

Tommy Clay
tommy@clayteam.com

ArizonaRandy · #19 02-26-2008, 02:08 PM

Hi Frank,

I handle a larger number of short sales in my area for myself and other agents and would love a copy of your letter also. We send a document after the fact with updates, but nothing up front. One of the challenges I face is keeping the buyers vested in the transaction while they wait for an answer/approval. We see more fallout than I'd like. Let me know if I can return the favor.

Randy

ggonzalez112 · #20 02-26-2008, 07:42 PM

I would like a copy of this letter....thank you