Some buyers think that since it is a buyer's market, then they can make any crazy demand of a seller. And they can't understand when the seller isn't excited by their low ball 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. They are putting $150,000 down on the property but won't bother putting any more than $1,000 in escrow and only after the short sale is approved.
  3. They are only allowing 30 days for short sale approval. (Most short sales take an absolute minimum of 60 days to be approved.)
  4. They are demanding the seller take the property off the market and not accept backup offers.

If you are a short sale seller, then they agent representing you should ask for a better offer. You need the buyer to have a little skin in the game. If not, then you dramatically reduce the odds of successfully short selling your property. 

12/6/2015 16:02:20

Thank's for such useful information! I really appreciate it. I want monitoring my daughter's phone activities. She is only twelve and have many friends, some social profiles, and I'm really worried about her.


Leave a Reply.

    East Lion Realty & Mortgage

    We're a big-town company that handles realty in all of Southern California. Haven't heard of us? Come to our website to learn more then!

    About the Team

    Here at East Lion Realty & Mortgage, we take care of you and want to learn more about you. In order to do that, you need to learn more about us as individuals. Go here to view our profiles.

    Thinking about a Short Sale?

    Ashish can help you short sale your property and get back on your feet. Send him an e-mail at Ashish@EastLionInc.com. He will contact you for a free consultation and explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call him directly at (818) 259-3455.

    Discover how other sellers successfully completed a short sale and request a free consultation by going to our Facebook page.


    Curb Appeal
    Finding Agents
    Hardship Letter
    Home Value
    Load Modification
    Short Sale
    Tiny Homes