Comments on: Constipation Effect of Short Sales http://www.kristalsellsdenver.com/denverdwellings/constipation-effect-short-sales/1148/ Kristal Kraft...Selling Denver and the 'Burbs! Sat, 28 Jan 2012 23:19:02 +0000 hourly 1 By: Kristal Kraft, Denver Realtor http://www.kristalsellsdenver.com/denverdwellings/constipation-effect-short-sales/1148/comment-page-1/#comment-1442 Kristal Kraft, Denver Realtor Mon, 16 Feb 2009 03:34:50 +0000 http://www.kristalsellsdenver.com/?p=1148#comment-1442 Hi Vicki ~ We have had the same cottage industry cropping up here in Colorado. I'm hearing some of them are actually having success in shortening the time line to closing. Of course as agents we need to do our due diligence and confirm their successes. Here I would check with the title company to see if what the "professional short sale negotiators" is true. Hi Vicki ~ We have had the same cottage industry cropping up here in Colorado. I’m hearing some of them are actually having success in shortening the time line to closing. Of course as agents we need to do our due diligence and confirm their successes. Here I would check with the title company to see if what the “professional short sale negotiators” is true.

]]> By: Vicki Lloyd http://www.kristalsellsdenver.com/denverdwellings/constipation-effect-short-sales/1148/comment-page-1/#comment-1441 Vicki Lloyd Mon, 16 Feb 2009 03:27:02 +0000 http://www.kristalsellsdenver.com/?p=1148#comment-1441 There is a new way to waste your time in my area - some agents are listing short sales, then turning the negotiation over to a "professional short sale negotiator." These short sale pros charge an average of $2500 (to dial the phone, sit on hold, re-fax the documents for the gazillionth time, etc.) Then the listing agent, who hasn't had to do all that work puts right in the MLS agent comments "listing and selling agent to split outside short sale fee!" And I am supposed to bring my qualified buyer to this house, take a decreased %, AND pay some outsider to do the listing agent's job????? Give me a break! There is a new way to waste your time in my area – some agents are listing short sales, then turning the negotiation over to a “professional short sale negotiator.”

These short sale pros charge an average of $2500 (to dial the phone, sit on hold, re-fax the documents for the gazillionth time, etc.) Then the listing agent, who hasn’t had to do all that work puts right in the MLS agent comments “listing and selling agent to split outside short sale fee!”

And I am supposed to bring my qualified buyer to this house, take a decreased %, AND pay some outsider to do the listing agent’s job????? Give me a break!

]]> By: Kristal Kraft, Denver Realtor http://www.kristalsellsdenver.com/denverdwellings/constipation-effect-short-sales/1148/comment-page-1/#comment-1440 Kristal Kraft, Denver Realtor Mon, 16 Feb 2009 01:46:51 +0000 http://www.kristalsellsdenver.com/?p=1148#comment-1440 Diane ~ Your comment is representative of the general attitude of the bank people toward brokers. Sad but true. I would love to see their paycheck tied to their efficiency. Maybe their attitude and efficiency would improve for the benefit of all involved. Banks handling of this mess is a good indicator as to why banks don't need to get into the real estate business. Diane ~ Your comment is representative of the general attitude of the bank people toward brokers. Sad but true. I would love to see their paycheck tied to their efficiency. Maybe their attitude and efficiency would improve for the benefit of all involved.

Banks handling of this mess is a good indicator as to why banks don’t need to get into the real estate business.

]]> By: Diane Kawell http://www.kristalsellsdenver.com/denverdwellings/constipation-effect-short-sales/1148/comment-page-1/#comment-1439 Diane Kawell Mon, 16 Feb 2009 01:37:11 +0000 http://www.kristalsellsdenver.com/?p=1148#comment-1439 Kristal - Yes!The idea of wasting my time to send in a bottom feeder offer just to see what the bank's bottom line actually is, is a great example of inefficiency in an already inefficient market - I just took a short sale class (reputable online one) where they teach listing agents we should be grateful for any offer because it will create a flushing out of the bank's bottom.(can't resist) What an insult to hardworking, skilled agents - and on top of it they'll cut our fee. <abbr><em><abbr><em>Diane Kawells last blog post..<a href="http://feeds.feedburner.com/~r/DiKawellRealEstateBlog/~3/537858964/february-is-open-enrollment-at-taf-academy-in-federal-way.html">February is Open Enrollment at TAF Academy in Federal Way</a></em></abbr></abbr></em> Kristal – Yes!The idea of wasting my time to send in a bottom feeder offer just to see what the bank’s bottom line actually is, is a great example of inefficiency in an already inefficient market – I just took a short sale class (reputable online one) where they teach listing agents we should be grateful for any offer because it will create a flushing out of the bank’s bottom.(can’t resist) What an insult to hardworking, skilled agents – and on top of it they’ll cut our fee.

Diane Kawells last blog post..February is Open Enrollment at TAF Academy in Federal Way

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