Waiting, Foreclosures and Short sales
Thoughts from a Realtor on " it is Monday again and I am still waiting with anticipation of Tuesday with more promise. "
Short sales, Reo's/Foreclosures are a larger part of real estate now but for those of us who were not involved in real estate in the 80's , it is mind boggling. It is the waiting that is driving the clients and the agents to distraction, the endless list of restrictons, the mind numbing requests for additional approval through their chosen lender, the "as is" selling, and then the no response, no, or possibly the counter.
We live in a fast food, microwave society so to be told you have to wait as much as 3-9 months to possibly close, is not going to clear out the homes. Realtors are willing and able to do their part, the Consumer is willing to even wait a reasonable amount of time, but enough is enough. Systems people! Systems! You have a system for taking the money in, for investing, for general processing, well why not for moving the homes through your organizaton?
I am also noticing homes coming to market with no standard appliances (stove, dishwasher,) don't forget to look for the hot water heater and make sure the air conditioning unit exists. So General Public, how much are you willing to give in time and money to get what you consider is a "good deal"? Or will you join the ranks of potential homeowners deciding to take their coins and wait.
For those qualifed Buyers who don't want to play the waiting game, there are traditonal purchases still available and the condition of the economy is on your side. So my advise to you is don't wait. Dive in. Go for the gold. Let her rip. From dream home to starter home, in your lifetime, there has never been a better time to move. Call me.