1 results for 'short sales'
Buyers get excited about the listed price of short sales when they see them online, but that excitement fades over the months--as they wait to hear back from the bank on their offer. Many, if not most, short sales end in buyer disappointment. RealtyTrac (R) reported last year that "Pre-foreclosure short sales took an average of 245 days to sell...". That's 8 months. Compared to a normal 30 day close--8 months is a lifetime. What is worse than that is that buyers can very often wait 4-6 months before the bank even considers a short sale offer in the first place. So, it's not the closing... (more)
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