Recently, Tampa Bay Realtor Christine Hensley's $153,000, 1800-square-foot ten-year old short sale canceled unexpectedly. The seller allegedly could not get comfortable with what he would really owe the lender after the closing. One week later, Hensley's buyer closed for cash on a brand new upgraded 2100 square- foot Centex home for $170,000 cash, or about $2 per square-foot less than the short sale.
Within two days of asking for interviews from Centex if they had any recent sales resulting from burnt-out, distressed sale shoppers in Central Florida we had three stories and had to withdraw our request. Her dream short-sale fell through when the seller canceled without telling anybody, refused to move out, and would not come to the door.
Within two days of asking for interviews from Centex if they had any recent sales resulting from burnt-out, distressed sale shoppers in Central Florida we had three stories and had to withdraw our request. Her dream short-sale fell through when the seller canceled without telling anybody, refused to move out, and would not come to the door.
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THE REALTOR'S GUIDE TO COMPLIANCE WITH THE LAW OF AGENCY states that agents are "to reveal to the seller information concerning the ability or willingness of the buyer to complete the sale or to offer a higher price." Therefore, legally the other agents must not only do all they can to sell the property for the highest price, but they must also inform the seller if you, the buyer, are willing and able to pay a higher price.
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