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The ONLY Solution to the Mystery of Short Sales
We Provide A Marketing Package for the Professional that Presents the ONLY EFFECTIVE way to Sell their short sale in a reasonable fashion.
Don’t waste your time unless you have
A Lender pre-approved sales price
on every one of your short sales listings !!!!!!!
How many times have you worked on a short sale for months and it failed because the BUYER wouldn’t wait for months until an offer was received that was acceptable by the Lender. The property couldn’t be listed effectively without a firm sales price – the impending foreclosure killed the sale and you lost dozens hours attempting to sell the unsalable.
No offer was received therefore you had a frustrated seller calling you every day or got a unrealistic offer and lost dozens of hours trying to get the lender to agree.
Did you lose interest in short sale because only a very few are successful?
With our program you could have a fully negotiated sale price from the current lender and the seller will have free legal counsel that over sees the transactions and interest of the seller.
HOW DOES IT WORK??
You present to the seller a marketing program that will generate a offer within 3 working days to purchase the property.
You tell us what is the value of the property and what sale price you need to sell the property quickly—we then will appoint an investor who will sign your purchase agreement and offer to purchase the property for all cash and offer a bank proof that funds are available.
Now here’ the brilliant part!!!!
The buyer will add to this after his name---“or nominee” ---The lender is fine with that----It may take a month to two or even a few more weeks with some lenders---but the lender typically will come back with a acceptance of our offer or a price well under the market value.
Now you have a firm price and can advertise the property at a “firm price on a short sale” or “a pre approved short sale price”
That is when you bring your buyers in to the sale ---not 2 or 3 months before you’re able to truly “SELL” it.
When a Buyer agrees to purchase he must also agree to pay the current buyer $1395 to purchase his position on sales under $75,000 and $2500.00 over $75,000 ---A small fee to save time and a huge saving of money.
The same open escrow is amended to add the new buyer’s name and remove the first buyer. If the buyer has a pre-approved loan, all the new lender will need is an appraisal to close the loan!
There are no new lenders seasoning problems because the buyer is buying the home directly from the current owner. This is not a sale and resale or double escrow—in this case there is only one escrow.
We all know that a lender will sell a home on a short sale for far less that if it were a REO—because the lender does not have the added expense of foreclosure, legal fees, REO management cost , insurance, upkeep, taxes, higher sales commissions, closing cost, and the exposure of falling prices for the next two years.
Did you see the report?
PER Deutsche Bank 24% of all homes are now underwater----Aug 1 2009
HERE THE BIG NUMBER
They estimate that over the next two years 48% will owe more money then the value of their property.
We think Short sales on these underwater homes combined with our new program will be the wave of the future and short sale will be 60% or 70% of all home sales for the next two years--------
What is the cost to a seller for a unique marketing program?
$1395.00 Total fee
Many listing agents have told us they will never take another short sale listing with out it.
Most listing agents we talked said they are going back to their current short sales sellers and explaining there has little hope of a sale with out a firm sale price. We just can’t expect a buyer to gamble for 3 or 4 or 5 months that the lender will sell at a fair price and it is not realistic that we can often keep a buyer through months of complete mystery and worry.
Please note:
Most lenders but not every lender will postpone sale date when they have a cash offer and this may give the seller many months of non lender payments and time to save money.
Once some agents start listing—“pre approve short sale with a firm price” ---it will be next to impossible to sell a short sale without this marketing program.
The program also provides the seller with a transactional real attorney and this fee will be only paid for by lender of the seller through escrow. We can recommend a attorney for the seller consideration or they can use their own family transactional real estate attorney.
We can not offer a guarantee that the lender will approve a reasonable sale price—common sense would dictate that out come-- but if that were the case they and the country would not in the mess we are in and will be in for many years.
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ARTICLE - The ONLY Solution to the Mystery of Short Sales!
