In 2007 the Sunnyvale market was very competitive for buyers, especially for homes in the Cupertino School District. Many homes were getting multiple offers (like today) and nerves were often frayed (like today). I was working with a very nice couple who were looking for a single family home with Cupertino schools. They made several offers before one of their offers was finally accepted.
One house came on the market in the Birdland neighborhood and the agent said we could submit an offer right away and she would present it to the seller. So my buyers wrote a very good offer which was submitted on a Friday evening, but the agent said she could not get a hold of her clients and would get back to me. There was an open house on Saturday and my clients went to the open house but did not tell the listing agent who they were. They stood there as the listing agent told the visitors to the open house that she had an offer, exactly how much it was, and what they would have to do to make a better offer.
I was shocked, and my clients not happy, escpecially when they did not get the home. But they said at the time, they felt the agent was trying to get the best deal for the seller.
When my clients finally got an offer accepted and closed escrow on a great home I helped them find some contractors to update the kitchen and baths. When this was done, they were ready to put their town home on the market. Much to my amazement they asked the agent who told other potential buyers what their offer was to list their home. Their reasoning was they felt that agent was going to get them a better offer even if it was not done fairly to the buyers.
Wait, it gets better. Right before the home went on the market the client called me to tell me the home was listed and please feel free to bring in a buyer. I said, while trying very hard not to laugh, "After what this agent did to you, I would never subject another buyer to their unethical treatment. It would be totally unfair to my buyer." Their town home did eventually sell, but for 5% less and in 6 times as long a time period as most other homes at that time. The old client was shocked.
So the point to all this is that a Sunnyvale Short Sale Agent must have an impeccable reputation with other agents. It is not enough to have a well priced home to sell. If you hire an agent who does not play well with other children (or other Sunnyvale short sale realtors) you will make a complicated transaction even more complicated. Short sales, even more than traditional sales, need everyone to work together, sort of like a synchronized swim team. If one of the team members is trying to drown the other team members no one wins.
So do your self a favor, when looking for a realtor for your Sunnyvale Short Sale find someone who is experienced, well educated in the process, and has a great reputation with other agents.
If you have any questions about buying or selling a short sale in San Mateo or Santa Clara County please feel free to contact me.
Marcy Moyer
marcy@marcymoyer.com
650-619-9285
D.R.E. 01191194
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