Wendy Rulnick's Blog – October 2009 Archive (3)

"Day in the Life" of a Destin Short Sale Agent

Just one of my normal days selling real estate and short sales in Destin, Florida...



Buyer agent emails me to say buyer is “walking” if no response from Niceville short sale lender this week.



Another buyer agent calls me to say buyer is “walking” by October 31 if no approval given on Destin short sale condo.



Another buyer agent calls and emails me three times asking when the approved Bank of America Santa Rosa Beach short sale can… Continue

Added by Wendy Rulnick on October 28, 2009 at 9:27am — 2 Comments

Will Destin Short Sale Lender "Pay" For The Privelege- And Make NOTHING?

This is a first for me. As a short sale listing agent in Destin Florida, I have a parcel of land for sale in a ritzy golf course community. It is in a newer gated neighborhood where building lots used to fetch over $200,000. When I took the short sale listing at $90,000, it seemed realistic. But the lot market near Destin has steadily declined, fluctuating between a 3 and 15 year inventory in the past two years. That means it would take at least three years to sell out all the lots for sale at… Continue

Added by Wendy Rulnick on October 24, 2009 at 3:40am — No Comments

When NOT To Take A Short Sale Listing

Today, I turned down a listing. It was not easy. It was a short sale. When listing a short sale, there are certain parameters that must be met. Here they are:



1. The seller must allow you to set the price. You know the market.



2. The seller must allow you to adjust the price based on your judgment.



3. The seller must provide all financial documentation necessary to complete the sale in a timely manner.



4. The seller must authorize you to speak with… Continue

Added by Wendy Rulnick on October 20, 2009 at 12:47pm — 24 Comments

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