This is my favorite- I love that just because it's new construction it's superior. Like the one I did yesterday that had no flooring.

Follow up. They did not pay for this BPO. It wasn't acceptable to them or their client. My "value" wasn't supported they said (and I do tend to agree, EXCEPT IF THEY HAD BOTHERED TO READ THE COMMENTS!). I'm so disgusted I could just spit. I guess they will learn when they go to try and sell the damn thing. Good riddance.

CanDo - That bites. I find it hard to believe you get QC'd.

jdharpe,
i don't get it either...sorry but i have my first short sale that won't sell, or get an offer for that matter so i am hoping to learn from your statement. why is being a short sale keeping it from selling for 10% higher?

Thank you!

I think that jd meant that a short sale is perceived as a loss leader, or in other words, switch and bait. While the seller can sell at any price they want, the bank needs to approve a short sale. Unless you have the bank's prior approval of your sales price, there is no guarantee that a buyer will get it at the price listed. There are plenty of properties around that the time and effort expended by a buyer to get a short sale property could be better used to get one of those other properties.

Keep in mind that it can take months to close a short sale. The lenders are just so swamped that there is nothing to induce them to approve a short sale, even though it might bring more money than when and if it goes REO.

Good luck with your short sale.

Thanks CanDo, I see what you're saying. Although I represented some buyers on one REO that took forever and they walked. The banks should just hire a couple extra AM's, with the money they lose on one Foreclosure they could pay their salary and we could close some more deals!