The Short Sale Nightmare
By Anne Hensel, Realtor - Broker - St. Pete Beach, Treasure Island
(South Beaches Real Estate Professionals)
The Short Sale nightmareHomes for sale, condos for sale, signs everywhere, under appraised value, best price per square feet, in foreclosure, short sale and I could go on and on and on.When it comes to homes and condos we have a huge inventory here in Pinellas County and a lot of them are short sales.Unfortunately "Short sale" is a term that people are not familiar with.Buyers and sellers do not really know what they are getting into and what to expect.The short sale process is a nightmare for everybody involved.The Buyer, in most nearly all cases he has to wait forever ( 6 weeks, 8 weeks) for the bank to give him an answer on his offer and in the meantime he is bound to his offer and can't back out to pursue another deal.The Seller, also waiting for the bank, trying to negotiate with ...
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