I have been hearing and seeing some things that are getting on my nerves. Sellers who think that they can use the Short Sale process as a "get out of debt free" card.
More and more sellers are finding they want to move and can't. Between stories from friends and colleagues, questions on sites like Trulia, and emails from past (and present) customer and clients; many folks think that they should just do a short sale.
A great many Realtors won't even touch short sales because they take forever and often never come to fruition. One reason, may very well be, that the banks are inundated with requests for a short sale; when it really is not justified.
There used to be a day and time when folks who made bad decisions, lived with them. They worked harder and tried to fix their problem. Now, people are often just 'walking away' from their problem.
I had a past client say to me about a week ago; "I really want to move; so I think I'll just do a short sale and rent for awhile." WHAT?! And ruin your credit? This woman thinks it won't be much of an issue. She wants to rent, has a new car and thinks that by the time she wants to buy again, her credit will be better.
I was amazed (and appalled) at her suggestion. I simply told her that Short Sales were for people who were in serious trouble and not for those who just wanted to "move on". I think she may very well call another agent. Very well; I have my standards - I don't mind losing this potential deal.
We often love to ask where the accountability is for big business. The banks, Wall Street, the Auto Companies.... well who is holding these people accountable? I guess many folks feel that since Big Business can get a Bail-Out; so can they.
Has the whole world gone mad?!?
Call James for all your Real Estate needs and questions; servicing Virginia, Maryland and the Greater Washington DC area. Coldwell Banker Residential Brokerage - Chevy Chase
5028 Wisconsin Ave NW Suite 100
Washington DC 20016
202-351-5800 Main Office
Licensed in DC,MD,VA
