Comments on: Atlanta Short Sales for Sale http://www.ianmarshall.com/blog/2009/02/05/atlanta_short_sales/ Atlanta Real Estate Blog | Georgia Real Estate Blog Mon, 06 Apr 2009 15:46:32 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Dennis Berdis http://www.ianmarshall.com/blog/2009/02/05/atlanta_short_sales/comment-page-1/#comment-6176 Dennis Berdis Wed, 11 Mar 2009 16:56:39 +0000 http://www.ianmarshall.com/blog/?p=437#comment-6176 Great article Ian! Incredible insight. You are ahead of the industry as usual. Dennis Berdis Great article Ian! Incredible insight. You are ahead of the industry as usual. Dennis Berdis

]]> By: Dennis Berdis http://www.ianmarshall.com/blog/2009/02/05/atlanta_short_sales/comment-page-1/#comment-6175 Dennis Berdis Wed, 11 Mar 2009 16:54:18 +0000 http://www.ianmarshall.com/blog/?p=437#comment-6175 Are you Buying a New or Resale Home? Have you ever dreamed of receiving a certified check after closing from your real estate agent? It’s Now Possible! We pay a GUARANTEED Rebate of 1.5% of Home Purchase Price to you, the home buyer. Rebate Examples: If you purchase a $300,000 home with us, your rebate would be $4,500! and paid to you by certified funds or cash if you prefer. 1.5% of your $200,000 home purchase = $3,000 Rebate to you. 1.5% of your $500,000 home purchase = $7,500 Rebate to you. We pay a Guaranteed Rebate of 1.5% of the home purchase price to you, the home buyer. That's 50% of the buyers agent commission paid to you. Are you Buying a New or Resale Home? Have you ever dreamed of receiving a certified check after closing from your real estate agent? It’s Now Possible! We pay a GUARANTEED Rebate of 1.5% of Home Purchase Price to you, the home buyer.

Rebate Examples: If you purchase a $300,000 home with us, your rebate would be $4,500! and paid to you by certified funds or cash if you prefer.

1.5% of your $200,000 home purchase = $3,000 Rebate to you. 1.5% of your $500,000 home purchase = $7,500 Rebate to you.

We pay a Guaranteed Rebate of 1.5% of the home purchase price to you, the home buyer. That’s 50% of the buyers agent commission paid to you.

]]> By: Chad Dixon http://www.ianmarshall.com/blog/2009/02/05/atlanta_short_sales/comment-page-1/#comment-6168 Chad Dixon Mon, 02 Mar 2009 00:03:29 +0000 http://www.ianmarshall.com/blog/?p=437#comment-6168 Short sales will become even more popular over the next 2 years. The foreclosure process is costly and takes too much time. I believe some of these banks will start to examine their balance sheets; realize they may benefit to take an immediate loss and move on plus they run the risk of a customer filing bankruptcy, and keeping the property tied up in the court system. Banks in the Atlanta area will become more aggressive in this process due to the excess in inventory. Short sales will become even more popular over the next 2 years. The foreclosure process is costly and takes too much time. I believe some of these banks will start to examine their balance sheets; realize they may benefit to take an immediate loss and move on plus they run the risk of a customer filing bankruptcy, and keeping the property tied up in the court system. Banks in the Atlanta area will become more aggressive in this process due to the excess in inventory.

]]> By: Marilou Young http://www.ianmarshall.com/blog/2009/02/05/atlanta_short_sales/comment-page-1/#comment-6166 Marilou Young Fri, 27 Feb 2009 21:35:10 +0000 http://www.ianmarshall.com/blog/?p=437#comment-6166 Short Sales can be long and drawn out, but as the market turns and more homes have become short sales, profesionals have been able to have a better understanding of what exactly a short sale is. Some banks are responsive, others are not. I believe it is important to set your clients expectations by explaining the process to them. Short Sales can be long and drawn out, but as the market turns and more homes have become short sales, profesionals have been able to have a better understanding of what exactly a short sale is. Some banks are responsive, others are not. I believe it is important to set your clients expectations by explaining the process to them.

]]> By: Paul Schroeder http://www.ianmarshall.com/blog/2009/02/05/atlanta_short_sales/comment-page-1/#comment-6163 Paul Schroeder Fri, 27 Feb 2009 19:43:12 +0000 http://www.ianmarshall.com/blog/?p=437#comment-6163 Long time comming. I remember talking to an associate of mine a couple of years ago about having the option to list the house on FMLS as a "Short Sale" and how much traffic you could drive to your listing because short sales are typically a much better bargain than a foreclosure and are usually in much better condition! Anyway, thanks for the great article Ian. As always you are ahead of the curve! Long time comming. I remember talking to an associate of mine a couple of years ago about having the option to list the house on FMLS as a “Short Sale” and how much traffic you could drive to your listing because short sales are typically a much better bargain than a foreclosure and are usually in much better condition! Anyway, thanks for the great article Ian. As always you are ahead of the curve!

]]> By: Katie Gray, REALTOR http://www.ianmarshall.com/blog/2009/02/05/atlanta_short_sales/comment-page-1/#comment-6160 Katie Gray, REALTOR Mon, 23 Feb 2009 19:44:42 +0000 http://www.ianmarshall.com/blog/?p=437#comment-6160 Short Sales, Foreclosures.... sounds like an immediate bargain. Well, at least to the unknown buyer. There is so much in the media today about short sales in the Charlotte area. After closing on a couple of short sales in Charlotte, I have some tips and advice: (in my opinion as a real estate agent in Charlotte) 1. Short Sales can get you a better deal than foreclosures. At this level, the seller is selling the house at a loss for the bank to sell it before getting the title of foreclosure on their credit and another notch on the bank's belt. The sellers are more eager to work something out if the bank allows. 2. Condition is better - I mean this b/c in some homes that I have shown in the Charlotte area, foreclosures have been destroyed by vandalism, the previous owners, or have just been sitting so long. Banks will not pay for repairs for the majority of the time and sell the property As-Is. This can be something simple to a hole in a wall or missing appliance, to mold in a HVAC or leaks in the roof. Short Sales, depending on the level it is at, you may be able to negotiate this or at least the condition of the property is better. 3. Patience is the name of the game. Sometimes it can take months to hear back from the bank on responses so please do not be in a rush to get a short sale. Take Advantage of the market today, especially in Charlotte. There are great deals/ bargains out there that aren't necessarily all just short sales. Purchasing a home is one of the best investments you can ever make! KATIE GRAY, ABR, e-PRO 2008 KW Top Producer Award 2007 5-Star Best In Class Client Satisfaction Real Estate Agent NC & SC Broker / Realtor Keller Williams Realty Cell: (704) 560-9699 Katie@KatieGrayHomes.com www.KatieGrayHomes.com Short Sales, Foreclosures…. sounds like an immediate bargain. Well, at least to the unknown buyer. There is so much in the media today about short sales in the Charlotte area. After closing on a couple of short sales in Charlotte, I have some tips and advice: (in my opinion as a real estate agent in Charlotte)

1. Short Sales can get you a better deal than foreclosures. At this level, the seller is selling the house at a loss for the bank to sell it before getting the title of foreclosure on their credit and another notch on the bank’s belt. The sellers are more eager to work something out if the bank allows.

2. Condition is better – I mean this b/c in some homes that I have shown in the Charlotte area, foreclosures have been destroyed by vandalism, the previous owners, or have just been sitting so long. Banks will not pay for repairs for the majority of the time and sell the property As-Is. This can be something simple to a hole in a wall or missing appliance, to mold in a HVAC or leaks in the roof. Short Sales, depending on the level it is at, you may be able to negotiate this or at least the condition of the property is better.

3. Patience is the name of the game. Sometimes it can take months to hear back from the bank on responses so please do not be in a rush to get a short sale.

Take Advantage of the market today, especially in Charlotte. There are great deals/ bargains out there that aren’t necessarily all just short sales. Purchasing a home is one of the best investments you can ever make!

KATIE GRAY, ABR, e-PRO
2008 KW Top Producer Award
2007 5-Star Best In Class Client Satisfaction Real Estate Agent

NC & SC Broker / Realtor
Keller Williams Realty
Cell: (704) 560-9699
Katie@KatieGrayHomes.com
http://www.KatieGrayHomes.com

]]> By: Lawrence http://www.ianmarshall.com/blog/2009/02/05/atlanta_short_sales/comment-page-1/#comment-6159 Lawrence Sun, 22 Feb 2009 18:40:06 +0000 http://www.ianmarshall.com/blog/?p=437#comment-6159 I too am glad to see more Agents who are educated on how to negotiate the Short Sale properly...first with the Seller and then with the Bank. By signing off on the deal and then presenting the contract to the bank, at least there is a little more confidence in the 'process'. Great news that Realtors and Buyers can search this key term since this market is going to continue to provide Short Sale opportunities. I too am glad to see more Agents who are educated on how to negotiate the Short Sale properly…first with the Seller and then with the Bank. By signing off on the deal and then presenting the contract to the bank, at least there is a little more confidence in the ‘process’. Great news that Realtors and Buyers can search this key term since this market is going to continue to provide Short Sale opportunities.

]]> By: Lenora Marshall http://www.ianmarshall.com/blog/2009/02/05/atlanta_short_sales/comment-page-1/#comment-6158 Lenora Marshall Sat, 21 Feb 2009 20:35:31 +0000 http://www.ianmarshall.com/blog/?p=437#comment-6158 I am an agent in the Fort Myers area. We have been living the "<strong>short sale</strong>" issues for some time. We have had short sales, noted on the mls for about two years now. If someone needs a fast close, they avoid the short sales. The next big step, was cutting off the offers once the bank had an offer in hand. Clients often wait many months, only to have a slightly higher offer accepted, making buyers very unhappy. Thus we noted, that once a short sale was signed by the seller and submitted to the bank, the seller's agent had to put the property "active-contingent", so that another offer would not be accepted, while this one was under consideration. Many agents avoid the short sales, especially if there are two banks involved in the mortgage. Initially only about 5% of short sales closed, the banks just let them go to foreclosure. I think they are starting to accept some of the offers now, and hopefully we will see a much higher percentage of short sales closing. I am an agent in the Fort Myers area. We have been living the “short sale” issues for some time. We have had short sales, noted on the mls for about two years now. If someone needs a fast close, they avoid the short sales. The next big step, was cutting off the offers once the bank had an offer in hand. Clients often wait many months, only to have a slightly higher offer accepted, making buyers very unhappy. Thus we noted, that once a short sale was signed by the seller and submitted to the bank, the seller’s agent had to put the property “active-contingent”, so that another offer would not be accepted, while this one was under consideration. Many agents avoid the short sales, especially if there are two banks involved in the mortgage. Initially only about 5% of short sales closed, the banks just let them go to foreclosure. I think they are starting to accept some of the offers now, and hopefully we will see a much higher percentage of short sales closing.

]]> By: Ian Marshall http://www.ianmarshall.com/blog/2009/02/05/atlanta_short_sales/comment-page-1/#comment-6156 Ian Marshall Sat, 21 Feb 2009 18:56:49 +0000 http://www.ianmarshall.com/blog/?p=437#comment-6156 Thanks Paul, I took a look at your Roswell site...Really easy to navigate and lots of good information!....Thanks for dropping by and checking out our new "Atlanta Short Sales For Sale" post! Thanks Paul, I took a look at your Roswell site…Really easy to navigate and lots of good information!….Thanks for dropping by and checking out our new “Atlanta Short Sales For Sale” post!

]]> By: Paul Cook http://www.ianmarshall.com/blog/2009/02/05/atlanta_short_sales/comment-page-1/#comment-6155 Paul Cook Sat, 21 Feb 2009 04:26:53 +0000 http://www.ianmarshall.com/blog/?p=437#comment-6155 Thank goodness. This has been a long time coming. Selling agents no longer have to put on their Columbo hats in order to figure out the status of a listing. Great site by the way as usual Ian. Thank goodness. This has been a long time coming. Selling agents no longer have to put on their Columbo hats in order to figure out the status of a listing. Great site by the way as usual Ian.

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