Short Sale Packet Preperation Is KEY for a Quick Short Sale Close!
I am working on a short sale in South Jordan, Listed the home and within 30 days got an offer. Submitted the offer and the entire package to the bank and the banks response was “this was the best short sale packet they have ever seen.” Within 30 days I have been assigned a negotiator which is the best part when dealing with the bank. Once you have a negotiator (or closer) you can talk to a person who has the ability to negotiate for the bank. Normally this could take 3 to 4 months, mine only took 30 days. For a copy of my list to help get your short sale negotiated, call me.
October 27, 2009….Salt Lake Properties under $350,000 moving. $500,000 plus still slow.
Right now houses under $350,000 are still moving. In this price range, the average time on the market is less than 4 months. But if you have a home above $500,000 this could be on the market for more than 7 months. In the “high” high end range ($900,000 +), the only properties that are selling are properties that are “steals”.
Salt Lake Market News
Last week I was with buyers (under $240,000) looking in the South Jordan, Herriman area. This area has alot of short sales in this price range, but for those seller who are NOT short sales, you have an advantage. Most buyers do not want to hassle or wait for a short sale. So if you are NOT a short sale and can close in 30 days, you should have more showings and might be able to hold on your price.
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