It was an outstanding turnout at this months ACAR Agent to Agent function! A big round of applause goes out to the panel of speakers especially our dear friend Cindy Phillips at Pioneer Title.
There was some great advice and direction regarding the short sale, foreclosure and REO closing process but one thing stood out as music to the ears of a new construction sales agent........With all the amazing inventory on the market there's no need to get involved in a short sale or REO. We feel the same way at CBH! When you can purchase a brand new home with all the energy efficient code updates and a one year warranty for close to the same price as a used home why look at resale.
When 1 in 4 Buyers never make it to the closing table in a short sale process why continue trying? Come buy a CBH Home in Kuna!
I came across this blog that a very intelligent Realtor in Arizona maintains. It was facinating to see him break down how investors profit from a short sale and how the bail out money is being used. I encourage you to read his blog. This helps supports the reasoning behind why some short sales never get approved. The lender can foreclose on the property and make more money!
http://activerain.com/blogsview/1243528/is-the-fdic-killing-short-sales-
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