Comments on: The Cost of Being A Short Sale Specialist http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/ Just another realestatetomato.net weblog Fri, 21 Nov 2008 09:59:02 +0000 http://wordpress.org/?v=2.6.1 By: Susan http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-839 Susan Fri, 11 Jul 2008 06:01:25 +0000 http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-839 You definitely need one dedicated agent! :) You definitely need one dedicated agent! :)

]]> By: cindyjones http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-804 cindyjones Sat, 05 Jul 2008 11:36:39 +0000 http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-804 Riley, I'm not sure how many we have but just like you the number is growing. I won't accept everyone that comes along and I have one now that is bogged down for reasons that are beyond me. Riley,
I’m not sure how many we have but just like you the number is growing. I won’t accept everyone that comes along and I have one now that is bogged down for reasons that are beyond me.

]]> By: cindyjones http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-803 cindyjones Sat, 05 Jul 2008 11:35:35 +0000 http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-803 Michael, If you are lucky it can happen. I had one that went from listing to closing in 38 days. So just push and see if you can make it happen. Michael,
If you are lucky it can happen. I had one that went from listing to closing in 38 days. So just push and see if you can make it happen.

]]> By: Riley Smith | Coconut Grove Realtor http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-797 Riley Smith | Coconut Grove Realtor Thu, 03 Jul 2008 20:29:43 +0000 http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-797 Down here in South Florida, we are seeing more and more short sale homes. I try to only handle them for my very good clients. Otherwise, I would get bogged down with them and not be able to take care of the rest of my clients and business. Down here in South Florida, we are seeing more and more short sale homes. I try to only handle them for my very good clients. Otherwise, I would get bogged down with them and not be able to take care of the rest of my clients and business.

]]> By: Michael Bergin http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-794 Michael Bergin Tue, 01 Jul 2008 20:24:42 +0000 http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-794 Experiance is a painful teacher. I am working on my first with a buyer. It is going to be a nightmare, he didn't tell me until after we submitted the offer that the sale has to close in 30 days or he loses $25K in relocation help from his new employer. Experiance is a painful teacher. I am working on my first with a buyer. It is going to be a nightmare, he didn’t tell me until after we submitted the offer that the sale has to close in 30 days or he loses $25K in relocation help from his new employer.

]]> By: Carnival of Real Estate - Trulia 4th of July Stars and Stripes Edition http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-793 Carnival of Real Estate - Trulia 4th of July Stars and Stripes Edition Mon, 30 Jun 2008 17:05:32 +0000 http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-793 [...] of becoming a short sale specialist? Before you do, please read this blog post by Cindy Jones, The cost of being a Short Sale Specialist. It’s not as glamorous as you may [...] [...] of becoming a short sale specialist? Before you do, please read this blog post by Cindy Jones, The cost of being a Short Sale Specialist. It’s not as glamorous as you may [...]

]]> By: Reader response to short sales issue of Commonwealth | VARbuzz http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-792 Reader response to short sales issue of Commonwealth | VARbuzz Fri, 27 Jun 2008 12:56:14 +0000 http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-792 [...] related news, Cindy Jones says REALTORS® should factor in 25% more time to work a short sale listing, based on her personal experience (see the comments). What’s your [...] [...] related news, Cindy Jones says REALTORS® should factor in 25% more time to work a short sale listing, based on her personal experience (see the comments). What’s your [...]

]]> By: cindyjones http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-791 cindyjones Fri, 27 Jun 2008 01:01:44 +0000 http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-791 Jill, I have encountered some folks who I believe truely qualify as short sale specialists. It takes time and I don't think I would recommend it for a new agent. Everyone that I see who I would consider successful has systems and assistants to handle all of the extra work. Don't shy away from it if you think you have everything in place to make it work for you. Jill,

I have encountered some folks who I believe truely qualify as short sale specialists. It takes time and I don’t think I would recommend it for a new agent. Everyone that I see who I would consider successful has systems and assistants to handle all of the extra work.

Don’t shy away from it if you think you have everything in place to make it work for you.

]]> By: cindyjones http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-790 cindyjones Fri, 27 Jun 2008 00:54:24 +0000 http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-790 Ben, My experience says that you need to add at least 25% to your average listing for a short sale. Whether it is the listing agent or an assistant waiting onhold or processing extra paperwork either way it is costing you money. So far I have not had been asked to reduce my commission. Perhaps it is an urban legand? Ben,

My experience says that you need to add at least 25% to your average listing for a short sale. Whether it is the listing agent or an assistant waiting onhold or processing extra paperwork either way it is costing you money.

So far I have not had been asked to reduce my commission. Perhaps it is an urban legand?

]]> By: Ben Martin, Va Assn of REALTORS http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-789 Ben Martin, Va Assn of REALTORS Thu, 26 Jun 2008 17:04:42 +0000 http://varealestatetalk.com/2008/06/25/the-cost-of-being-a-short-sale-specialist/#comment-789 Very interesting. So in your experience, how much more time does it take to successfully list and close a short sale listing? Could you estimate it in terms of additional hours or in terms of X percent more time? The lender may ask you to reduce your commission on a short sale, but a REALTOR isn't under any obligation to do so. But I'm curious: Are you finding that this doesn't play out in reality? Very interesting. So in your experience, how much more time does it take to successfully list and close a short sale listing? Could you estimate it in terms of additional hours or in terms of X percent more time?

The lender may ask you to reduce your commission on a short sale, but a REALTOR isn’t under any obligation to do so. But I’m curious: Are you finding that this doesn’t play out in reality?

]]>