Short sales take too long for the buyer to wait, so many run away before the banks approve the deal.
As the banks require the deal to be closed in a certain time, usually within 30 days, the listing agents are usually very worried, so, they come to me for help as I have many cash buyers. So, I am in the position of "saving" the listing agents.
By the same time, these contracts were written many months ago when the price were much lower, so my buyers can always get a very good deal.
I got one deal today. Similar town houses are selling between $350K and $400K, but my buyer got it for only $286K with 3% CC. Plus, this house is in very good condition.
For a house, Location, Location, Location.
For an agent, Connection, connection, connection.
As the banks require the deal to be closed in a certain time, usually within 30 days, the listing agents are usually very worried, so, they come to me for help as I have many cash buyers. So, I am in the position of "saving" the listing agents.
By the same time, these contracts were written many months ago when the price were much lower, so my buyers can always get a very good deal.
I got one deal today. Similar town houses are selling between $350K and $400K, but my buyer got it for only $286K with 3% CC. Plus, this house is in very good condition.
For a house, Location, Location, Location.
For an agent, Connection, connection, connection.
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